Long Term Incentive Plan (Tables)

6 Months Ended

Jun. 30, 2023

Long Term Incentive Plan [Abstract]

Summary of Pre-Tax Compensation Expense

The following table summarizes the Company’s pre-tax compensation expense for the three and six months ended June 30, 2023 and 2022 related to the Company’s market-based, time-based and performance-based restricted stock:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2023		2022		2023		2022
Market-based, restricted stock	$	523,408	$	313,728	$	1,046,818	$	627,600
Time-based, restricted stock		124,465		216,338		182,053		335,603
Total compensation expense	$	647,873	$	530,066	$	1,228,871	$	963,203

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 June 30, 2023
	Unrecognized Compensation Cost		Weighted Average Period (in years)
Market-based, restricted stock	$	1,491,657		1.46
Time-based, restricted stock		615,489		1.66
Total	$	2,107,146