Restricted Stock Plan (Tables)

3 Months Ended

Mar. 31, 2023

Restricted Stock Plan [Abstract]

Summary of Pre-Tax Compensation Expense

The following table summarizes the Company’s pre-tax compensation expense for the three months ended March 31, 2023 and 2022 related to the Company’s market-based, time-based and performance-based restricted stock:

	Three Months Ended
	March 31,
	2023		2022
Market-based, restricted stock	$	523,410	$	313,872
Time-based, restricted stock		57,588		119,265
Total compensation expense	$	580,998	$	433,137

Summary Of Unrecognized Compensation Cost

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 March 31, 2023
	Unrecognized Compensation Cost		Weighted Average Period (in years)
Market-based, restricted stock	$	2,015,065		1.51
Time-based, restricted stock		519,875		2.37
Total	$	2,534,940