Long Term Incentive Plan (Tables)

6 Months Ended

Jun. 30, 2024

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, 2024 and 2023 related to the Company’s market-based and time-based restricted stock:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2024		2023		2024		2023
Market-based, restricted stock	$	482,912	$	523,408	$	963,588	$	1,046,818
Time-based, restricted stock		168,118		124,465		344,098		182,053
Total compensation expense	$	651,030	$	647,873	$	1,307,686	$	1,228,871

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, 2024
	Unrecognized Compensation Cost		Weighted Average Period (in years)
Market-based, restricted stock	$	1,479,064		1.48
Time-based, restricted stock		646,735		1.64
Total	$	2,125,799