Restricted Stock Plan

3 Months Ended

Dec. 31, 2022

Restricted Stock Plan [Abstract]

Restricted Stock Plan

NOTE 7: Restricted Stock Plan

Compensation expense for the restricted stock awards is recognized in G&A. Forfeitures of awards are recognized when they occur. The following table summarizes the Company’s pre-tax compensation expense for the three months ended December 31, 2022 and 2021 related to the Company’s market-based, time-based and performance-based restricted stock:

	Three Months Ended
	December 31,
	2022		2021
Market-based, restricted stock	$	311,548	$	77,482
Time-based, restricted stock		206,333		178,362
Performance-based, restricted stock		6,376		-
Total compensation expense	$	524,257	$	255,844

A summary of the Company’s unrecognized compensation cost for its unvested market-based and time-based restricted stock and the weighted-average periods over which the compensation cost is expected to be recognized is shown in the following table:

	As of December 31, 2022
	Unrecognized Compensation Cost		Weighted Average Period (in years)
Market-based, restricted stock	$	996,582		0.86
Time-based, restricted stock		227,101		1.05
Total	$	1,223,683