Share-based Compensation (Tables)

12 Months Ended

Dec. 31, 2020

Share-based Compensation

Summary of activity related to restricted stock awards

		Weighted
		Average Grant
	Shares	Date Fair Value
Nonvested at December 31, 2018	—	$	—
Granted	555,403		4.95
Vested	(327,422)		(4.71)
Forfeited	—		—
Nonvested at December 31, 2019	227,981	$	5.28
Granted	193,828		23.42
Vested	(15,844)		(21.82)
Forfeited	(15,178)		(6.39)
Nonvested at December 31, 2020	390,787	$	13.56

Schedule of Significant assumptions used in the option pricing model

	For the Years Ended December 31,
	2020		2019
Annual dividend yield	—		—
Expected life (years)	5.0		5.5
Risk-free interest rate	0.3	%	2.43	%
Expected volatility	45	%	45	%

Summary of stock option activity under the Plans

		Weighted		Weighted Average
	Options	Average		Remaining Contractual	Aggregate
	Outstanding	Exercise Price		Term in Years	intrinsic value
Balance at December 31, 2018	—	$	—	—	$	—
Granted	41,370		4.71	10.0		23,581
Forfeited	(4,240)		(4.71)	—		—
Balance at December 31, 2019	37,130	$	4.71	9.4	$	21,164
Granted	10,202		20.10	10.0		—
Forfeited	—		—	—		—
Balance at December 31, 2020	47,332	$	8.03	8.8	$	1,325,903
Options exercisable at December 31, 2020	37,130	$	4.71	8.3	$	1,163,283