XML 79 R62.htm IDEA: XBRL DOCUMENT v3.23.3
Stock Award Plans and Stock-Based Compensation (Tables)
 6 Months Ended 12 Months Ended
Jun. 30, 2023
Dec. 31, 2022
Stock Award Plans and Stock-Based Compensation [Abstract]    
Schedule of Fair Value of Each Employee Option Grant is Estimated on the date of the Grant Using the Black-Scholes Option-Pricing Model   The fair value of each employee option grant is estimated on the date of the grant using the Black-Scholes option-pricing model. Key weighted-average assumptions used to apply this pricing model during the years ended December 31, 2022 and 2021 were as follows:
 

For the Years Ended
December 31,
   

2022

  

2021

Risk-free interest rate

  

1.50% – 1.76%

  

0.59% – 1.26%

Expected life of option grants

  

5 years

  

5 years

Expected volatility of underlying stock

  

37.24% – 37.45%

  

37.21% – 38.15%

Dividends assumption

  

$—

  

$—
Schedule of Stock Options Granted

See below for a summary of the stock options granted under the 2011 and 2018 plans:

  

2011
Plan

  

2018
Plan

  

Non
Plan

  

Total

Beginning balance as of January 1, 2023

  

57

 

  

351,529

 

  

1

  

351,587

 

Granted

  

—

 

  

—

 

  

—

  

—

 

Exercised

  

—

 

  

—

 

  

—

  

—

 

Expired

  

(10

)

  

(52,486

)

  

—

  

(52,496

)

Forfeited

  

—

 

  

(9,273

)

  

—

  

(9,273

)

Ending balance as of June 30, 2023

  

47

 

  

289,770

 

  

1

  

289,818

 
See below for a summary of the stock options granted under the 2011 and 2018 plans:
 

2011
Plan

  

2018
Plan

  

Non
Plan

  

Total

  

Weighted
Average
Exercise
Price

  

Aggregate
Intrinsic
Value
(in thousands)

Outstanding at January 1, 2021

  

96

 

  

72,666

 

  

1

  

72,763

 

  

$

1,782.00

  

$

—

Granted

  

—

 

  

190,476

 

  

—

  

190,476

 

  

 

71.25

  

 

—

Exercised

  

—

 

  

(277

)

  

—

  

(277

)

  

 

82.50

  

 

—

Expired

  

(23

)

  

(3,051

)

  

—

  

(3,074

)

  

 

6,980.25

  

 

—

Forfeitures

  

—

 

  

(7,882

)

  

—

  

(7,882

)

  

 

101.25

  

 

—

Outstanding at December 31, 2021

  

73

 

  

251,932

 

  

1

  

252,006

 

  

$

28,358.30

  

$

—

Granted

  

—

 

  

132,669

 

  

—

  

132,669

 

  

 

39.74

  

 

—

Exercised

  

—

 

  

—

 

  

—

  

—

 

  

 

—

  

 

—

Expired

  

(16

)

  

(14,451

)

  

—

  

(14,467

)

  

 

80,713.98

  

 

—

Forfeitures

  

—

 

  

(18,621

)

  

—

  

(18,621

)

  

 

74.97

  

 

—

Outstanding at December 31, 2022

  

57

 

  

351,529

 

  

1

  

351,587

 

  

$

17,016.13

  

$

—

Exercisable at December 31, 2022

  

57

 

  

234,776

 

  

1

  

234,834

 

  

$

25,446.10

  

$

—
Schedule of Restricted Stock-Based Award Activity Granted   The following table summarizes restricted stock-based award activity granted:
 

Number of
Shares

  

Weighted
Average
Grant Date
Fair Value

Balance, January 1, 2021

  

—

 

  

$

—

Granted

  

74,598

 

  

$

134.25

Forfeited

  

(18,827

)

  

$

132.00

Balance, December 31, 2021

  

55,770

 

  

$

135.00

Granted

  

—

 

  

$

—

Forfeited

  

(12,802

)

  

$

137.25

Balance, December 31, 2022

  

42,968

 

  

$

134.26
Schedule of Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity

The following table summarizes restricted stock based award activity granted:

  

Restricted
Stock Grants

Beginning balance as of January 1, 2023

  

42,968

Granted

  

—

Exercised

  

—

Expired

  

—

Forfeited

  

—

Ending balance as of June 30, 2023

  

42,968