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Stock-Based Compensation (Tables) | 12 Months Ended
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Dec. 31, 2023
Schedule of assumptions made in estimating the fair value of the options on the grant date based upon the BSM option-pricing model |
Dividend Yield |  | 0.00% |
Expected Volatility |  | 25.56% |
Risk Free Interest Rate |  | 4.35% |
Expected Life |  | 6 Years |
Summary of restricted stock units activity |
|  | Unvested Restricted Stock Units |
|  | Number of Shares |  |  | Weighted-Average Grant-Date Fair Value |
Unvested as of December 31, 2022 |  | 0 |  | $ | 0.00 |
Granted |  | 105,000 |  |  | 4.11 |
Vested |  | 0 |  |  | 0.00 |
Forfeited/canceled |  | 0 |  |  | 0.00 |
Unvested as of December 31, 2023 |  | 105,000 |  | $ | 4.11 |
Employee Stock Option [Member] |
Schedule of stock options activity |
|  |  | Options Outstanding |
|  |  | Number of Shares |  |  | Weighted- Average Exercise Price |  |  | Weighted- Average Remaining Contractual Term (in years) |  |  | Aggregate Intrinsic Value |
Balance at December 31, 2021 |  |  |  | 332,500 |  |  | $ | 4.30 |  |  |  | 2.6 |  |  |  |  |
Granted |  |  |  | 0 |  |  |  |  |  |  |  |  |  |  |  |  |
Exercised |  |  |  | (32,500 | ) |  |  | 3.76 |  |  |  | 3.4 |  |  |  |  |
Expired |  |  |  | 0 |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at December 31, 2022 |  |  |  | 300,000 |  |  |  | 4.35 |  |  |  | 1.4 |  |  |  |  |
Granted |  |  |  | 100,000 |  |  |  | 4.25 |  |  |  | 9.7 |  |  |  |  |
Exercised |  |  |  | 0 |  |  |  |  |  |  |  |  |  |  |  |  |
Expired |  |  |  | (225,000 | ) |  |  | 4.57 |  |  |  | 0.0 |  |  |  |  |
B al ance at December 31, 2023 |  |  |  | 175,000 |  |  | $ | 4.06 |  |  |  | 6.8 |  |  | $ | 20 |
Vested and exercisable as of December 31, 2023 |  |  |  | 95,000 |  |  | $ | 3.84 |  |  |  |  |  |  | $ | 20 |

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- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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