v3.25.2
Stock Based Compensation (Tables)
6 Months Ended
Jun. 30, 2025
Stock Based Compensation  
Schedule of assumptions were used in estimating the fair value of options granted

Six Months Ended

June 30, 2025

Dividend yield

%

Risk-free interest rate

4.21

%

Expected volatility

16.9

%

Weighted average expected life (years)

6.5

Weighted average per share value of options

$

3.30

Schedule of stock option activity

Stock Options

Shares

Weighted Average Exercise Price

Weighted Average Remaining in Contractual Term (Years)

Aggregate Intrinsic Value

Outstanding December 31, 2024

Granted

103,500

$

11.06

9.9

$

3,795

Exercised

Forfeited

Vested shares expired

Outstanding June 30, 2025

103,500

$

11.06

9.9

$

3,795

Options exercisable at June 30, 2025

Schedule of nonvested stock option activity

Stock Options

Shares

Weighted Average Grant Date Fair Value

Nonvested at December 31, 2024

Granted

103,500

$

3.30

Vested

Forfeited

Nonvested at June 30, 2025

103,500

$

3.30

Schedule of restricted stock activity

Restricted Stock

Shares

Weighted Average Grant Date Fair Value

Nonvested at December 31, 2024

Granted

41,400

$

11.06

Vested

Forfeited

Nonvested at June 30, 2025

41,400

$

11.06