STOCK INCENTIVE PLANS (Tables)

6 Months Ended

Jun. 30, 2019

Employee Benefits And Share Based Compensation [Abstract]

Schedule of fully vested common stock issued

Stock Awards

The Company has issued, and may in the future issue additional, immediately vested common stock under the Incentive Plan to certain executive officers and employees of its Manager. The Company’s non-employee directors received grants of immediately vested common stock for their service to the Company during the first quarter of 2018. The following table presents information related to fully vested common stock issued during the six months ended June 30, 2019 and 2018.

($ in thousands, except per share data)
		Six Months Ended June 30,
		2019		2018
Fully vested shares granted		-		37,920
Weighted average grant date price per share	$	-	$	7.62
Compensation expense related to fully vested shares of common stock awards	$	-	$	289

Schedule of Performance Units outstanding

The following table presents information related to Performance Units outstanding during the six months ended June 30, 2019 and 2018.

($ in thousands, except per share data)
	Six Months Ended June 30,
	2019			2018
			Weighted			Weighted
			Average			Average
			Grant Date			Grant Date
	Shares		Fair Value	Shares		Fair Value
Unvested, beginning of period	43,672	$	8.34	41,693	$	9.95
Granted	-		-	27,935		7.45
Vested and issued	(16,345)		9.08	(12,806)		10.28
Unvested, end of period	27,327	$	7.90	56,822	$	8.65
Compensation expense during period		$	74		$	104
Unrecognized compensation expense, end of period		$	83		$	270
Intrinsic value, end of period		$	174		$	427
Weighted-average remaining vesting term (in years)			1.0			1.4

Schedule of Fully Vested Deferred Stock Units

The following table presents information related to the DSUs outstanding during the six months ended June 30, 2019.

($ in thousands, except per share data)
	Six Months Ended June 30,
	2019			2018
			Weighted			Weighted
			Average			Average
			Grant Date			Grant Date
	Shares		Fair Value	Shares		Fair Value
Outstanding, beginning of period	12,434	$	7.37	-	$	-
Granted and vested	14,662		6.48	-		-
Issued	-		-	-		-
Outstanding, end of period	27,096	$	6.89	-	$	-
Compensation expense during period		$	90		$	-
Intrinsic value, end of period		$	172		$	-

There were no DSUs issued during the six months ended June 30, 2018.