Restricted Stock Plan and Long Term Incentive Plan (Tables)

12 Months Ended

Dec. 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 year ended December 31, 2023, three months ended December 31, 2022, and year ended September 30, 2022, related to the Company’s market-based, time-based and performance-based restricted stock:

	Year Ended		Three Months Ended		Year Ended
	December 31, 2023		December 31, 2022		September 30, 2022
Market-based, restricted stock	$	1,722,814	$	311,548	$	1,018,136
Time-based, restricted stock		483,096		206,333		730,303
Performance-based, restricted stock		-		6,376		463,234
Total compensation expense	$	2,205,910	$	524,257	$	2,211,673

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 are shown in the following table:

	Unrecognized Compensation Cost		Weighted Average Period (in years)
Market-based, restricted stock	$	2,494,255		1.71
Time-based, restricted stock		1,089,983		1.87
Total	$	3,584,238

Summary Of Status And Changes In Unvested Shares Of Restricted Stock Awards

A summary of the status of, and changes in, unvested shares of restricted stock awards is presented below:

	Market-Based Unvested Restricted Awards			Weighted Average Grant-Date Fair Value		Time-Based Unvested Restricted Awards			Weighted Average Grant-Date Fair Value		Performance-Based Unvested Restricted Awards			Weighted Average Grant-Date Fair Value
Unvested shares as of September 30,    2021		356,149		$	3.56		203,100		$	5.33		34,814		$	8.99
Granted		402,086			4.18		284,999			2.81		-			-
Vested		-			-		(127,386	)		3.41		-			-
Forfeited		(17,585	)		8.16		(6,855	)		6.92		-			-
Unvested shares as of September 30,    2022		740,650		$	3.79		353,858		$	3.97		34,814		$	8.99
Granted		-			-		-			-		17,408			8.99
Vested		-			-		(200,634	)		3.11		(52,222	)		8.99
Forfeited		(34,815	)		8.58		-			-		-			-
Unvested shares as of December 31,    2022		705,835		$	3.55		153,224		$	5.09		-		$	-
Granted		669,014			4.81		419,726			3.26		-			-
Vested		(303,750	)		2.72		(147,495	)		5.17		-			-
Forfeited		-			-		(7,919	)		3.41		-			-
Unvested shares as of December 31, 2023		1,071,099			4.57		417,536			3.26		-			-