| Summary of Restricted Stock Unit and Restricted Stock Awards Activity |
The
following table summarizes the Company’s RSU activity:
| Nonvested Restricted Stock Units | |
| | |
| | |
| |
| | |
| | |
Weighted Average | |
| | |
Restricted Stock | | |
Award Date Fair Value | |
| | |
Units | | |
Per Share | |
| Restricted Stock at January 1, 2022 | |
| 399,000 | | |
$ | 5.20 | |
| Added | |
| - | | |
| — | |
| Forfeiture | |
| (4,500 | ) | |
| 5.16 | |
| Vested | |
| - | | |
| — | |
| Restricted Stock at March 31, 2022 | |
| 394,500 | | |
$ | 5.20 | |
The
fair value of RSUs is determined based on the closing market price of the Company’s stock on the grant date.
Restricted
Stock Awards (RSAs)
The
following table summarizes the Company’s RSA activity:
| Nonvested Restricted Stock Awards | |
| | |
| | |
| | |
| | |
| |
| | |
| | |
Weighted Average | | |
| | |
Weighted Average | |
| | |
Restricted Stock | | |
Award Date Fair Value | | |
Director Stock | | |
Award Date Fair Value | |
| | |
Awards | | |
Per Share | | |
Awards | | |
Per Share | |
| Restricted Stock at January 1, 2022 | |
| 328,500 | | |
$ | 5.31 | | |
| - | | |
$ | — | |
| Added | |
| 50,000 | | |
$ | 2.31 | | |
| 58,500 | | |
$ | 2.51 | |
| Forfeiture | |
| — | | |
| — | | |
| — | | |
$ | — | |
| Vested | |
| (21,875 | ) | |
$ | 5.43 | | |
| (14,625 | ) | |
$ | 2.51 | |
| Restricted Stock at March 31, 2022 | |
| 356,625 | | |
$ | 4.89 | | |
| 43,875 | | |
$ | 2.51 | |
|
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 | | |
| - | | |
$ | — | |
|