ShareBased Compensation (Tables)

12 Months Ended

Dec. 31, 2023

ShareBased Compensation

Schedule Of Risk Free Interest Rates

	FY 2023			FY 2022
Expected Volatility		55.8	%		55.3	%
Expected Dividends		0	%		5.0	%
Expected Term (in years)		6.5			6.5
Risk-Free Rate		3.67	%		2.38	%
Estimated Forfeitures		0.0	%		0.0	%

Schedule Of Stock Option Activity

	Stock Options		Wgt. Avg. Exercise Price ($)  Per Share		Wgt. Avg. Remaining Contractual Life (Years)		Wgt Avg. Grant Date Fair Value ($) Per Share		Aggregate Intrinsic Value ($)
As of January 1, 2023
Outstanding		200,300		15.48		7.87		5.64		460,925
Vested		86,846		17.83		6.73		6.57		101,090
Nonvested		113,454		13.68		8.74		4.93		359,835
Period activity
Issued		43,600		12.89		—		7.44		—
Exercised		4,000		11.65		—		3.79		—
Forfeited		35,300		17.08		—		6.27		—
Expired		2,000		11.15		—		7.02		—
As of December 31, 2023
Outstanding		202,600		14.76		7.60		5.94		37,773
Vested		105,313		16.01		6.80		5.78		9,661
Nonvested		97,287		13.41		8.47		6.12		28,112

Schedule of non-vested restricted stock

Year ended December 31, 2023	Number of Shares			Weighted Average Grant Date Price per Share
Unvested as of January 1, 2023		41,129		$	13.20
Granted		45,412			12.37
Vested and issued		(66,954	)		12.63
Cancelled/forfeited		-			-
Unvested as of December 31, 2023		19,587		$	13.22

Year ended December 31, 2022	Number of Shares			Weighted Average Price per Share
Unvested at January 1, 2022		27,411		$	16.65
Granted		40,857		$	11.95
Vested and issued		(27,139	)	$	14.80
Cancelled/forfeited		-			-
Unvested at December 31, 2022		41,129		$	13.20

Schedule Of Options By Exercise Price Range

Range of Exercise Prices ($) Per Share			Stock Options Outstanding		Wgt. Avg. Exercise Price ($) Per Share		Wgt. Avg. Remaining Contractual Life (Years)
	11.51	15.53		149,800		13.19		8.44
	16.20	25.50		52,800		19.23		5.24
				202,600		14.76		7.60

Range of Exercise Prices ($) Per Share			Stock Options Exercisable		Wgt. Avg. Exercise Price ($) Per Share
	11.51	15.53		63,873		13.51
	16.20	25.50		41,440		19.85
				105,313		16.01