Stock Based Compensation (Tables)
12 Months Ended
Dec. 31, 2021
Share-based Payment Arrangement [Abstract]  
Summary of Restricted Stock Unit and Restricted Stock Awards Activity

The following table summarizes the Company’s RSU activity:

 

       Weighted Average 
   Restricted Stock   Award Date Fair  
   Units   Value Per Share 
Restricted Stock at January 1, 2021   -   $- 
Added   403,000   $5.21 
Forfeiture   (500)  $5.16 
Vested   (3,500)  $5.73 
Restricted Stock at December 31, 2021   399,000   $5.20 

The following table summarizes the Company’s RSA activity:

 

       Weighted Average       Weighted Average 
   Restricted Stock   Award Date Fair Value   Director   Award Date Fair Value 
   Awards   Per Share   Stock Awards   Per Share 
Restricted Stock at January 1, 2021   -           $— 
Added   578,250   $5.45    22,184   $5.70 
Forfeiture   (187,500)  $5.73        $— 
Vested   (62,250)  $5.33    (22,184)  $5.70 
Restricted Stock at December 31, 2021   328,500   $5.31    -   $—