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Stock Options and Awards (Tables)
12 Months Ended
Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Schedule of Option-pricing Model with Following Weighted-average Assumptions

 

   Assumptions as of December 31, 2023 
   Fully Vested 
Number of Shares   1,319,394 
Stock price  $2.67 
Exercise price  $6.94 
Expected term   5.75 years 
Expected volatility   31.90%
Risk-free interest rate   3.84%
Dividend rate   0%

Schedule of Stock Option Activity

The following is a summary of stock option activity for the years ended December 31, 2023 and 2022:

 

   Number of Options   Weighted Avg. Remaining Contractual Life (in years)   Weighted Avg. Exercise Price   Aggregate Intrinsic Value 
Outstanding as of January 1, 2022   1,319,394    7.69   $6.94   $ 
Granted                   
Forfeited                   
Cancelled/Expired                   
Exercised                   
Outstanding as of December 31, 2022   1,319,394    6.69   $6.94   $ 
Granted                   
Forfeited                   
Cancelled/Expired                   
Exercised                   
Outstanding as of December 31, 2023   1,319,394    5.69   $6.94   $ 
Vested and Exercisable as of December 31, 2023   1,319,394    5.69   $6.94   $