v3.26.1
Consolidated Statements of Changes in Shareholders' Equity - USD ($)
Common Shares
Treasury Shares
Additional paid-in Capital
Accumulated Other Comprehensive Income
Accumulated Deficit
Total
Balance at beginning of period at Dec. 31, 2023 $ 118,272,565 $ (360,326) $ 10,874,491 $ 9,772,277 $ (37,946,042) $ 100,612,965
Balance (in shares) at Dec. 31, 2023 22,222,722          
Treasury Shares, Beginning Balance (in shares) at Dec. 31, 2023   70,874        
Increase (Decrease) in Stockholders' Equity            
Net income (loss)         1,927,800 1,927,800
Dividends paid         (5,486,834) (5,486,834)
Stock-based compensation expense     1,244,416     1,244,416
Buyback of common shares   $ (1,831,208)       (1,831,208)
Buyback of common shares (in shares)   (373,700)        
Retirement of treasury shares $ (2,191,534)          
Retirement of treasury shares (in shares) (444,574)          
Treasury Shares, Retirement of treasury shares   $ 2,191,534        
Treasury Shares, Retirement of treasury shares (in shares)   444,574        
Vesting of shares of restricted stock (in shares) 230,618          
Other comprehensive (loss) income       260,990   260,990
Balance at end of period at Dec. 31, 2024 $ 116,081,031   12,118,907 10,033,267 (41,505,076) 96,728,129
Balance (in shares) at Dec. 31, 2024 22,008,766          
Increase (Decrease) in Stockholders' Equity            
Net income (loss)         (5,798,863) (5,798,863)
Dividends paid         (5,998,223) (5,998,223)
Dividend equivalent rights (in shares) 47,417          
Stock-based compensation expense     1,744,917     1,744,917
Shares issued in business combination $ 38,193,094         38,193,094
Shares issued in business combination (in shares) 7,916,336          
Vesting of shares of restricted stock (in shares) 267,461          
Other comprehensive (loss) income       (136,700)   (136,700)
Balance at end of period at Dec. 31, 2025 $ 154,274,125   $ 13,863,824 $ 9,896,567 $ (53,302,162) $ 124,732,354
Balance (in shares) at Dec. 31, 2025 30,239,980