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Accounting for Share-Based Payments (Tables) | 12 Months Ended
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Dec. 31, 2022
Share-Based Payment Arrangement [Abstract] |
Schedule of Activity in the Company’s Stock Option Plans | Transactions related to stock options for the year ended December 31, 2022 are summarized as follows:
| Weighted Average Exercise Price |  | Options Outstanding |  | Weighted Average Contractual Term (in years) |  | Intrinsic Value of Options
Outstanding at December 31, 2021 | $ | 13.04 |  |  | 143,828 |  |  | 6.0 |  | $ | 487,011 |
Exercised | 9.67 |  |  | (18,098) |  |  |  |  |
Canceled, forfeited, or expired | 11.71 |  |  | (7,588) |  |  |  |  |
Outstanding at December 31, 2022 | $ | 13.66 |  |  | 118,142 |  |  | 5.2 |  | $ | — |
Vested and expected to vest at December 31, 2022 1 | $ | 13.00 |  |  | 5,665 |  |  | 7.1 |  | $ | — |
Exercisable options | $ | 13.69 |  |  | 112,477 |  |  | 5.1 |  | $ | — |
1 Includes outstanding vested and nonvested options
Schedule of Stock Awards Plan Activity | Transactions related to restricted stock awards for the year ended December 31, 2022 are summarized as follows:
| Shares |  | Weighted Average Grant Date Fair Value
Nonvested at December 31, 2021 | 43,581 |  |  | $ | 9.82 |
Granted | 72,110 |  |  | 18.19 |
Vested | (24,641) |  |  | 7.75 |
Forfeited | (11,947) |  |  | 13.33 |
Nonvested at December 31, 2022 | 79,103 |  |  | $ | 17.31 |
Transactions related to inducement stock awards as of December 31, 2022 were as follows:
| Units |  | Weighted-Average Grant Date Fair Value
Outstanding December 31, 2021 | 30,856 |  |  | $ | 8.11 |
Vested | (9,170) |  |  | 2.21 |
Outstanding December 31, 2022 | 21,686 |  |  | $ | 10.61 |
Schedule of Nonvested Performance- based Units Activity | The performance stock units are divided into tranches, each one vesting on the date the thirty-day volume-weighted average price of the Company's common stock `meets or exceeds the price target as set forth in the table below:
| Shares |  | Volume Weighted Average Price Target
Tranche I | 9,663 |  |  | $ | 22.50 |
Tranche II | 50,000 |  |  | 25.00 |
Tranche III | 40,000 |  |  | 27.50 |
Tranche IV | 30,000 |  |  | 30.00 |
Tranche V | 30,000 |  |  | $ | 35.00 |
Transactions related to performance stock units for the year ended December 31, 2022 were as follows:
| Units |  | Weighted-Average Grant Date Fair Value
Outstanding at December 31, 2021 | — |  |  | $ | — |
Granted | 159,663 |  |  | 3.92 |
Outstanding at December 31, 2022 | 159,663 |  |  | $ | 3.92 |

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- Definition Tabular disclosure of activity for outstanding award under share-based payment arrangement excluding share and unit options and nonvested award. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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