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Accounting for Share-Based Payments (Tables)

12 Months Ended

Dec. 31, 2023

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, 2023 are summarized as follows:

			Weighted Average Exercise Price						Options Outstanding						Weighted Average Contractual Term (in years)						Intrinsic Value of Options
Outstanding at December 31, 2022			$	13.66					118,142						5.2						$	—
Exercised			—						—
Canceled, forfeited, or expired			13.70						(11,945)
Outstanding at December 31, 2023			$	13.65					106,197						4.8						$	—
Vested and expected to vest at December 31, 20231			$	—					—						—						$	—
Exercisable options			$	13.65					106,197						4.8						$	—

1Includes outstanding vested and nonvested options

Schedule of Stock Awards Plan Activity

Transactions related to restricted stock awards for the year ended December 31, 2023 are summarized as follows:

			Shares						Weighted Average Grant Date Fair Value
Nonvested at December 31, 2022			79,103						$	17.31
Granted			47,158						9.74
Vested			(47,875)						15.74
Forfeited			(10,179)						15.56
Nonvested at December 31, 2023			68,207						$	12.57

Transactions related to inducement stock awards as of December 31, 2023 were as follows:

			Units						Weighted-Average Grant Date Fair Value
Outstanding December 31, 2022			21,686						$	10.61
Vested			—						—
Forfeited/Canceled			(16,784)						$	10.72
Outstanding December 31, 2023			4,902						$	10.21

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			4,902						$	13.00
Tranche II			52,566						15.00
Tranche III			4,902						16.00
Tranche IV			2,566						17.50
Tranche V			4,902						19.00
Tranche VI			52,567						20.00
Tranche VII			2,230						22.50
Tranche VIII			100,000						25.00
Tranche IX			40,000						27.50
Tranche X			30,000						30.00
Tranche XI			30,000						$	35.00

Transactions related to performance stock units for the year ended December 31, 2023 were as follows:

			Units						Weighted-Average Grant Date Fair Value
Outstanding at December 31, 2022			159,663						$	3.92
Granted			172,405						0.64
Forfeited			(7,433)						4.73
Outstanding at December 31, 2023			324,635						$	2.16

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Tabular disclosure of the changes in outstanding nonvested performance-based units.

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Tabular disclosure of activity for outstanding award under share-based payment arrangement excluding share and unit options and nonvested award.

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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.

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