STOCK COMPENSATION PLAN (Tables)

3 Months Ended

Mar. 31, 2020

STOCK COMPENSATION PLAN

Schedule of status of the stock option plan

	Three Months Ended March 31, 2020
	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)			4.13

Schedule of summary of stock options outstanding

	At March 31, 2020
Range of Average		Weighted Average	Weighted Average		Weighted Average
Exercise Prices	Number Outstanding at	Remaining Contractual Life	Exercise Price		Intrinsic Price per Share
$10 – 20	231,000	4.13	$	18.00	$	8.93
$21 – 30	—	—	$	—	$	—
$10 – 30	231,000	4.13	$	18.00	$	8.93

Schedule of changes in the non-vested restricted stock awards

	Three Months Ended March 31, 2020
		Weighted Average
	Number of Shares	Grant Date Fair Value
Outstanding, beginning of period	104,838	$	29.86
Granted	60,307		45.29
Forfeited	(12,244)		29.63
Vested	(19,541)		19.39
Outstanding at end of period	133,360	$	38.39

Summary of changes in the non-vested Performance Restricted Share Units awards

	For the three months ended
	March 31, 2020
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	$	358,000