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STOCK-BASED COMPENSATION PLANS (Tables) | 12 Months Ended
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Dec. 31, 2023
Share-Based Payment Arrangement [Abstract] |
Schedule of Restricted Shares and the Changes During the Year | The Company has granted awards of restricted shares of Common Stock to each of the independent members of the Board of Directors under the Equity Incentive Plan as follows:
|  |  |  | Weighted
|  | Number |  | Average Grant
|  | of |  | Date Fair Value
|  | Shares (1) |  | Per Share (1)
Balance, December 31, 2021 |  | 20,332 |  |  | $ | 10.82 |
Granted |  | 30,984 |  |  | $ | 7.10 |
Vested |  | (20,332) |  |  | $ | 10.82 |
Balance, December 31, 2022 |  | 30,984 |  |  | $ | 7.10 |
Granted |  | 48,888 |  |  | $ | 4.50 |
Vested |  | (30,984) |  |  | $ | 7.10 |
Balance, December 31, 2023 |  | 48,888 |  |  | $ | 4.50 |
(1)Amounts have been adjusted to give retroactive effect to the Reverse Stock Split.

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- Definition Tabular disclosure of the changes in outstanding nonvested restricted stock shares. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Subparagraph (c) -Paragraph 2 -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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