v3.26.1
Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($)
Total
Preferred Stock
Common Stock
Capital in Excess of Par
Accumulated Other Comprehensive Loss
Accumulated (Deficit)/ Retained Earnings
Treasury Stock
Preferred stock, Beginning balance (in shares) at Dec. 31, 2024   0          
Common stock, Beginning balance (in shares) at Dec. 31, 2024     14,448,205        
Beginning balance at Dec. 31, 2024 $ 66,708,451 $ 0 $ 144,482 $ 89,063,326 $ (12,175,476) $ (4,755,874) $ (5,568,007)
Treasury stock, Beginning balance (in shares) at Dec. 31, 2024             1,524,125
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Stock-based compensation 810,867     810,867      
Vesting of restricted stock awards (in shares)     216,226        
Vesting of restricted stock awards 0   $ 2,162 (2,162)      
Shares deducted from restricted stock awards for payment of withholding taxes (in shares)     (35,942)        
Shares deducted from restricted stock awards for payment of withholding taxes (548,500)   $ (359) (548,141)      
Exercise of stock options (in shares)     48,986        
Exercise of stock options 57,088   $ 490 56,598      
Exercise of warrants (in shares)     371,634        
Exercise of warrants 0   $ 3,716 (3,716)      
Shares deducted from restricted stock awards for payment of withholding taxes (in shares)     (868)        
Shares deducted from restricted stock awards for payment of withholding taxes (14,305)   $ (9) (14,296)      
Issuance of common stock, net of offering costs (in shares)     612,999        
Issuance of common stock, net of offering costs 9,484,382   $ 6,130 9,478,252      
Dividends 0            
Net income 15,134,992         15,134,992  
Increase (decrease) in net unrealized losses on available-for-sale securities, net of tax 3,244,917       3,244,917    
Preferred stock, Ending balance (in shares) at Jun. 30, 2025   0          
Common stock, Ending balance (in shares) at Jun. 30, 2025     15,661,240        
Ending balance at Jun. 30, 2025 94,877,892 $ 0 $ 156,612 98,840,728 (8,930,559) 10,379,118 $ (5,568,007)
Treasury stock, Ending balance (in shares) at Jun. 30, 2025             1,524,125
Preferred stock, Beginning balance (in shares) at Mar. 31, 2025   0          
Common stock, Beginning balance (in shares) at Mar. 31, 2025     15,283,417        
Beginning balance at Mar. 31, 2025 82,209,963 $ 0 $ 152,834 98,450,640 (9,952,290) (873,214) $ (5,568,007)
Treasury stock, Beginning balance (in shares) at Mar. 31, 2025             1,524,125
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Stock-based compensation 471,857     471,857      
Vesting of restricted stock awards (in shares)     3,334        
Vesting of restricted stock awards 0   $ 33 (33)      
Shares deducted from restricted stock awards for payment of withholding taxes (in shares)     (1,202)        
Shares deducted from restricted stock awards for payment of withholding taxes (17,620)   $ (12) (17,608)      
Exercise of stock options (in shares)     4,057        
Exercise of stock options 939   $ 41 898      
Exercise of warrants (in shares)     371,634        
Exercise of warrants 0   $ 3,716 (3,716)      
Offering costs on previously issued common stock (61,310)     (61,310)      
Dividends 0            
Net income 11,252,332         11,252,332  
Increase (decrease) in net unrealized losses on available-for-sale securities, net of tax 1,021,731       1,021,731    
Preferred stock, Ending balance (in shares) at Jun. 30, 2025   0          
Common stock, Ending balance (in shares) at Jun. 30, 2025     15,661,240        
Ending balance at Jun. 30, 2025 $ 94,877,892 $ 0 $ 156,612 98,840,728 (8,930,559) 10,379,118 $ (5,568,007)
Treasury stock, Ending balance (in shares) at Jun. 30, 2025             1,524,125
Preferred stock, Beginning balance (in shares) at Dec. 31, 2025   0          
Common stock, Beginning balance (in shares) at Dec. 31, 2025 14,397,526   15,921,651        
Beginning balance at Dec. 31, 2025 $ 122,731,249 $ 0 $ 159,216 99,624,713 (6,081,530) 34,596,857 $ (5,568,007)
Treasury stock, Beginning balance (in shares) at Dec. 31, 2025 1,524,125           1,524,125
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Stock-based compensation $ 1,299,915     1,299,915      
Vesting of restricted stock awards (in shares)     82,904        
Vesting of restricted stock awards 0   $ 829 (829)      
Shares deducted from restricted stock awards for payment of withholding taxes (in shares)     (24,012)        
Shares deducted from restricted stock awards for payment of withholding taxes $ (396,018)   $ (240) (395,778)      
Exercise of stock options (in shares) 18,333   37,692        
Exercise of stock options $ 41,250   $ 377 40,873      
Acquisition of treasury stock (in shares)             19,446
Acquisition of treasury stock (291,833)           $ (291,833)
Dividends (1,446,518)         (1,446,518)  
Net income 9,661,921         9,661,921  
Increase (decrease) in net unrealized losses on available-for-sale securities, net of tax $ (2,440,506)       (2,440,506)    
Preferred stock, Ending balance (in shares) at Jun. 30, 2026   0          
Common stock, Ending balance (in shares) at Jun. 30, 2026 14,474,664   16,018,235        
Ending balance at Jun. 30, 2026 $ 129,159,460 $ 0 $ 160,182 100,568,894 (8,522,036) 42,812,260 $ (5,859,840)
Treasury stock, Ending balance (in shares) at Jun. 30, 2026 1,543,571           1,543,571
Preferred stock, Beginning balance (in shares) at Mar. 31, 2026   0          
Common stock, Beginning balance (in shares) at Mar. 31, 2026     16,006,728        
Beginning balance at Mar. 31, 2026 $ 114,504,510 $ 0 $ 160,066 99,982,907 (8,136,787) 28,066,331 $ (5,568,007)
Treasury stock, Beginning balance (in shares) at Mar. 31, 2026             1,524,125
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Stock-based compensation 645,931     645,931      
Vesting of restricted stock awards (in shares)     8,333        
Vesting of restricted stock awards 0   $ 83 (83)      
Shares deducted from restricted stock awards for payment of withholding taxes (in shares)     (3,655)        
Shares deducted from restricted stock awards for payment of withholding taxes (59,828)   $ (35) (59,793)      
Exercise of stock options (in shares)     6,829        
Exercise of stock options 0   $ 68 (68)      
Acquisition of treasury stock (in shares)             19,446
Acquisition of treasury stock (291,833)           $ (291,833)
Dividends (724,242)         (724,242)  
Net income 15,470,171         15,470,171  
Increase (decrease) in net unrealized losses on available-for-sale securities, net of tax $ (385,249)       (385,249)    
Preferred stock, Ending balance (in shares) at Jun. 30, 2026   0          
Common stock, Ending balance (in shares) at Jun. 30, 2026 14,474,664   16,018,235        
Ending balance at Jun. 30, 2026 $ 129,159,460 $ 0 $ 160,182 $ 100,568,894 $ (8,522,036) $ 42,812,260 $ (5,859,840)
Treasury stock, Ending balance (in shares) at Jun. 30, 2026 1,543,571           1,543,571