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Stock-based Payments and Director Fees (Tables) | 9 Months Ended
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Sep. 30, 2024
Share-Based Payment Arrangement [Abstract] |
Schedule Of Management Fees And Director Fees | The following table sets forth the Company’s stock-based independent director fees ($ in thousands): Stock-based Director Fees
|  | For the three months ended September 30,
|  | 2024 |  | 2023
|  | Number of shares |  | Amount of expense recognized |  | Number of shares |  | Amount of expense recognized
Independent director fees |  | 2,000 |  |  | $ | — |  |  | — |  |  | $ | — |
Totals |  | 2,000 |  |  | $ | — |  |  | — |  |  | $ | — |
|  | For the nine months ended September 30,
|  | 2024 |  | 2023
|  | Number of shares |  | Amount of expense recognized |  | Number of shares |  | Amount of expense recognized
Independent director fees |  | 2,000 |  |  | $ | — |  |  | 13,020 |  |  | $ | 88 |
Totals |  | 2,000 |  |  | $ | — |  |  | 13,020 |  |  | $ | 88 |
Schedule Of Grants Of Restricted Stock | Under the Company’s 2014 Director Equity Plan and 2016 Equity Incentive Plan, the Company made grants of restricted stock to its Directors and to employees of the Former Manager and the Former Servicer as set forth in the table below:
| Employee and Service Provider Grants |  | Director Grants
| Shares |  | Weighted Average Grant Date Fair Value |  | Shares |  | Weighted Average Grant Date Fair Value
Nine months ended September 30, 2023 |  |  |  |  |  |  |
January 1, 2023 outstanding unvested share grants | 310,262 |  |  | $ | 10.98 |  |  | — |  |  | $ | — |
Shares vested | (30,515) |  |  | 11.56 |  |  | — |  |  | — |
Shares forfeited | (5,668) |  |  | 10.30 |  |  | — |  |  | — |
Shares granted | 3,000 |  |  | 7.34 |  |  | 25,000 |  |  | 7.15 |
March 31, 2023 outstanding unvested share grants | 277,079 |  |  | $ | 10.88 |  |  | 25,000 |  |  | $ | 7.15 |
Shares vested | (9,475) |  |  | 11.25 |  |  | — |  |  | — |
Shares forfeited | (7,084) |  |  | 11.16 |  |  | — |  |  | — |
Shares granted | 22,459 |  |  | 6.50 |  |  | — |  |  | — |
June 30, 2023 outstanding unvested share grants | 282,979 |  | (1) | $ | 10.52 |  |  | 25,000 |  | (2) | $ | 7.15 |
Shares vested | (104,503) |  |  | 10.81 |  |  | — |  |  | — |
Shares forfeited | (4,251) |  |  | 10.60 |  |  | — |  |  | — |
Shares granted | 3,103 |  |  | 6.95 |  |  | — |  |  | — |
September 30, 2023 outstanding unvested share grants | 177,328 |  |  | $ | 10.28 |  |  | 25,000 |  |  | $ | 7.15 |
(1)Weighted average remaining life of unvested shares for employee and service provider grants at September 30, 2023 is 1.8 years. (2)Weighted average remaining life of unvested shares for director grants at September 30, 2023 is 1.4 years.
| Employee and Service Provider Grants |  | Director Grants
| Shares |  | Weighted Average Grant Date Fair Value |  | Shares |  | Weighted Average Grant Date Fair Value
Nine months ended September 30, 2024 |  |  |  |  |  |  |
January 1, 2024 outstanding unvested share grants | 159,142 |  |  | $ | 10.33 |  |  | 25,000 |  |  | $ | 7.15 |
Shares vested | (3,250) |  |  | 10.74 |  |  | — |  |  | — |
Shares forfeited | (2,167) |  |  | 7.89 |  |  | — |  |  | — |
Shares granted | 66,421 |  |  | 3.59 |  |  | — |  |  | — |
March 31, 2024 outstanding unvested share grants | 220,146 |  |  | $ | 8.29 |  |  | 25,000 |  |  | $ | 7.15 |
Shares vested | (210,093) |  |  | 9.40 |  |  | (12,500) |  |  | 7.15 |
Shares forfeited | (10,053) |  |  | 8.79 |  |  | (7,500) |  |  | 7.15 |
Shares granted | — |  |  | — |  |  | — |  |  | — |
June 30, 2024 outstanding unvested share grants | — |  |  | $ | — |  |  | 5,000 |  | (1) | $ | 7.15 |
Shares vested | — |  |  | — |  |  | — |  |  | — |
Shares forfeited | — |  |  | — |  |  | — |  |  | — |
Shares granted | — |  |  | — |  |  | 2,000 |  |  | 3.56 |
September 30, 2024 outstanding unvested share grants | — |  |  | $ | — |  |  | 7,000 |  |  | $ | 6.12 |
(1)Weighted average remaining life of unvested shares for employee and service provider grants at September 30, 2024 is 0.7 years.
Schedule Of Restricted Stock Plan Grants, Expense | The following table presents the expenses for the Company’s equity incentive plans ($ in thousands):
|  | Three months ended September 30, |  | Nine months ended September 30,
|  | 2024 |  | 2023 |  | 2024 |  | 2023
Restricted stock grants |  | $ | — |  |  | $ | 353 |  |  | $ | 1,409 |  |  | $ | 1,154 |
Director grants |  | 13 |  |  | 22 |  |  | 51 |  |  | 112 |
Total expenses for plan grants |  | $ | 13 |  |  | $ | 375 |  |  | $ | 1,460 |  |  | $ | 1,266 |

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