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Share Based Payment
 12 Months Ended
Dec. 31, 2022
Disclosure of terms and conditions of share-based payment arrangement [abstract]  
Share Based Payment

12.       Share Based Payment

 

Share-based payments are quarterly restrictive shares issued to the Company’s Non-executive directors for their services and in accordance with appointment letters.

 

Share based payment comprise the following: 

Share Based Payment 

Year 2021 Number of common shares   Number of preferred shares   Share premium   Retained earnings
             
Non-executive directors’ payment 12,178   —   40   —
Balance at December 31, 2021 12,178   —   40   —

 

 

Year 2020 Number of common shares   Number of preferred shares   Share premium   Retained earnings
               
Non-executive directors’ payment 2,812   —   40   —
Balance at December 31, 2020 2,812   —   40   —

 

 

For the year ended December 31, 2022 there were no share based payments, as in 2022 the Company changed the compensation of the non-executive directors (see Note 4).