Restricted Stock Plan

3 Months Ended

Dec. 31, 2021

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, 2021 and 2020 related to the Company’s market-based, time-based and performance-based restricted stock:

	Three Months Ended
	December 31,
	2021		2020
Market-based, restricted stock	$	77,482	$	10,247
Time-based, restricted stock		178,362		112,731
Performance-based, restricted stock		-		-
Total compensation expense	$	255,844	$	122,978

A summary of the Company’s unrecognized compensation cost for its unvested market-based, time-based and performance-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, 2021
	Unrecognized Compensation Cost		Weighted Average Period (in years)
Market-based, restricted stock	$	569,027		1.97
Time-based, restricted stock		194,601		0.96
Performance-based, restricted stock		-
Total	$	763,628