Quarterly report pursuant to Section 13 or 15(d)

STOCK BASED COMPENSATION (Tables)

v3.23.3
STOCK BASED COMPENSATION (Tables)
3 Months Ended
Jun. 30, 2023
Share-Based Payment Arrangement, Noncash Expense [Abstract]  
Schedule of fair value of restricted shares awarded using the monte carlo valuation model
The Company has determined the fair value of restricted shares awarded as of grant date, using the Monte Carlo valuation model based on the following key assumptions:
Term (years) 2.83
Volatility 35.1  %
Risk-free rate 4.18  %
Schedule of the activity of the company's restricted stock outstanding The table below summarizes the activity for the Company’s restricted stock outstanding during the three months ended June 30, 2023:
Shares Weighted
Average
Fair Value
Outstanding, at March 31, 2023
467,058  18,035 
Granted —  — 
Vested (134,558) (5,138)
Forfeited/cancelled/expired —  — 
Outstanding, at June 30, 2023
332,500  12,897