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STOCK COMPENSATION PLAN (Tables)
3 Months Ended
Mar. 31, 2019
STOCK COMPENSATION PLAN [Abstract]  
Schedule of status of the stock option plan

 

 

 

 

 

 

 

 

Three Months Ended March 31, 2019

 

    

Number of

    

Weighted Average

 

 

Options

 

Exercise Price

 

 

 

 

 

 

Outstanding, beginning of period

 

231,000

 

$

18.00

Granted

 

 —

 

 

 —

Exercised

 

 —

 

 

 —

Cancelled/forfeited

 

 —

 

 

 —

Outstanding, end of period

 

231,000

 

$

18.00

Options vested and exercisable at end of period

 

231,000

 

$

18.00

 

 

 

 

 

 

Weighted average remaining contractual life (years)

 

 

 

 

5.13

 

Schedule of summary of stock options outstanding

 

 

 

 

 

 

 

 

 

 

Options Outstanding

Range of Average

 

Number Outstanding at

 

Weighted Average

 

Weighted Average

Exercise Prices

    

March 31, 2019

    

Remaining Contractual Life

    

Exercise Price

$10 – 20

 

231,000

 

5.13

 

$

18.00

$21 – 30

 

 —

 

 —

 

$

 —

$10 – 30

 

231,000

 

5.13

 

$

18.00

 

Schedule of non-vested restricted stock awards

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 2019

 

 

 

 

 

Weighted Average

 

 

    

Number of Shares

    

Grant Date Fair Value

 

 

 

 

 

 

 

 

Outstanding, beginning of period

 

53,957

 

$

21.46

 

Granted

 

106,423

 

 

35.36

 

Forfeited

 

 —

 

 

 —

 

Vested

 

(12,998)

 

 

22.09

 

Outstanding at end of period

 

147,382

 

$

31.44

 

 

Schedule of share-based compensation performance restricted stock units

 

 

 

 

 

 

For the three months ended

 

    

March 31, 2019

 

 

 

 

Weighted average service inception date fair value of award shares

 

$

4,064,295

Minimum aggregate share payout

 

 

12,000

Maximum aggregate share payout

 

 

90,000

Likely aggregate share payout

 

 

90,000

Compensation expense recognized

 

$

357,503