8. Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2020

Stockholders' Equity

Weighted average assumptions

	Three months ended
	March 31,
	2020	2019
Dividend Yield	3.14%	n/a
Volatility	37.69%	n/a
Risk-Free Interest Rate	1.40%	n/a
Expected Life	2.75 years	n/a

Schedule of stock options activity

Stock Options	Number of Shares	Weighted Average Exercise Price per Share	Weighted Average Remaining Contractual Term	Aggregate Intrinsic Value
Outstanding at January 1, 2020	82,000	$               8.61	3.38	$                 -
Granted	74,523	$               7.96	4.84	$                 -
Exercised	-	$                  -	-	$                 -
Forfeited	-	$                  -	-	$                 -
Outstanding at March 31, 2020	156,523	$               8.30	3.94	$                 -
Vested and Exercisable at March 31, 2020	50,000	$               8.45	1.84	$                 -

Schedule of restricted stock awards activity

Restricted Stock Awards	Shares	Weighted Average Grant Date Fair Value per Share	Aggregate Fair Value
Balance at January 1, 2020	213,929	$             16.51	$   3,554,174
Granted	199,812	$               7.94	$   1,586,507
Vested	(38,866)	$             18.90	$    (734,467)
Forfeited	(3,046)	$             15.15	$      (46,135)
Balance at March 31, 2020	371,829	$             12.21	$   4,360,079