XML 34 R25.htm IDEA: XBRL DOCUMENT v3.23.3
STOCK BASED COMPENSATION (Tables)
9 Months Ended
Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]  
SCHEDULE OF FAIR VALUE OF OPTION GRANT OF WEIGHTED-AVERAGE ASSUMPTIONS

The fair value of each option grant is estimated on the date of grant using the Black-Scholes option pricing model with the following weighted-average assumptions used for grants during the nine months ended September 30, 2023:

 

   2023 
     
Dividend yield   3.94%
Expected volatility   27.14%
Risk-free interest rate   3.59%
Expected lives   10 
Estimated forfeitures   0