| Summary of Restricted Stock Unit and Restricted Stock Awards Activity |
The
following table summarizes the Company’s RSU activity:
Summary of Restricted Stock Unit and Restricted Stock Awards Activity
Nonvested
Restricted Stock Units
| |
|
Restricted Stock |
|
|
Weighted Average
Award Date Fair Value
|
|
| |
|
Units |
|
|
Per Share |
|
| Restricted Stock at January 1, 2022 |
|
|
399,000 |
|
|
$ |
5.20 |
|
| Added |
|
|
- |
|
|
|
— |
|
| Forfeiture |
|
|
(35,166 |
) |
|
|
5.16 |
|
| Vested |
|
|
- |
|
|
|
— |
|
| Restricted Stock at June 30, 2022 |
|
|
363,834 |
|
|
$ |
5.21 |
|
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 |
|
|
Award Date Fair Value |
|
| |
|
Awards |
|
|
Per Share |
|
|
Stock Awards |
|
|
Per Share |
|
| Restricted Stock at January 1, 2022 |
|
|
328,500 |
|
|
$ |
5.31 |
|
|
|
- |
|
|
$ |
— |
|
| Added |
|
|
550,000 |
|
|
$ |
1.29 |
|
|
|
59,625 |
|
|
$ |
2.48 |
|
| Forfeiture |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
$ |
— |
|
| Vested |
|
|
(43,750 |
) |
|
$ |
5.43 |
|
|
|
(33,875 |
) |
|
$ |
2.46 |
|
| Restricted Stock at June 30, 2022 |
|
|
834,750 |
|
|
$ |
2.90 |
|
|
|
25,750 |
|
|
$ |
2.51 |
|
|
The
following table summarizes the Company’s RSU activity:
Summary of Restricted Stock Unit and Restricted Stock Awards 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 |
|
|
|
- |
|
|
$ |
— |
|
|