Definitive proxy statements

Pay vs Performance Disclosure

v3.23.1
Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Pay vs Performance Disclosure [Table]    
Pay vs Performance [Table Text Block]
Pay Versus Performance
The following table sets forth compensation information for our Chief Executive Officer, referred to below as our PEO, and our other named executive officers, or NEOs, for purposes of comparing their compensation to the value of stockholders’ investments and net income for 2022 and 2021.
Year
​ ​
Summary
Compensation
Table Total for
PEO
​ ​
Compensation
Actually Paid to
PEO(1)
​ ​
Average
Summary
Compensation
Table Total for
Non-PEO NEOs(2)
​ ​
Average
Compensation
Actually Paid to
Non-PEO NEOs(3)
​ ​
Value of Initial
Fixed $100
Investment
Based On Total
Shareholder
Return (TSR)
​ ​
Net Income
​
2022
​ ​ ​ $ 1,073,703 ​ ​ ​ ​ $ 1,015,737 ​ ​ ​ ​ $ 670,354 ​ ​ ​ ​ $ 653,490 ​ ​ ​ ​ $ 63.76 ​ ​ ​ ​ $ (9,519,669) ​ ​
2021
​ ​ ​ $ 250,000 ​ ​ ​ ​ $ 250,000 ​ ​ ​ ​ $ 760,600 ​ ​ ​ ​ $ 760,600 ​ ​ ​ ​ $ 42.95 ​ ​ ​ ​ $ (2,535,558) ​ ​
​
(1)
2022 excludes $305,206 grant date value of restricted stock units and adds $247,241 year end value of restricted stock units
​
(2)
The Non-PEO NEOs are Robert L Waldron and Larry Alexander.
​
(3)
2022 excludes $177,587 grand date value of restricted stock units and adds $177,587 year end value of restricted stock units for Mr. Waldron.
​
Average PEO compensation increased from 2021 to 2022 versus negative TSR and declining net income during the same period, partially because the PEO only received compensation from the Company for a portion of 2021. Average Non-PEO NEO compensation decreased from 2021 to 2022 versus negative TSR and declining net income during the same period, partially because a third party reimbursed a greater portion of the President and Chief Financial Officer’s compensation. PEO compensation increased from 2021 to 2022 compared to a decrease in Non-PEO NEO compensation because the PEO only received compensation from the Company for a portion of 2021 and because a third party reimbursed a greater portion of the President and Chief Financial Officer’s compensation.
 
Named Executive Officers, Footnote [Text Block]
(2)
The Non-PEO NEOs are Robert L Waldron and Larry Alexander.
 
PEO Total Compensation Amount $ 1,073,703 $ 250,000
PEO Actually Paid Compensation Amount $ 1,015,737 250,000
Adjustment To PEO Compensation, Footnote [Text Block]
(1)
2022 excludes $305,206 grant date value of restricted stock units and adds $247,241 year end value of restricted stock units
 
Non-PEO NEO Average Total Compensation Amount $ 670,354 760,600
Non-PEO NEO Average Compensation Actually Paid Amount $ 653,490 760,600
Adjustment to Non-PEO NEO Compensation Footnote [Text Block]
(3)
2022 excludes $177,587 grand date value of restricted stock units and adds $177,587 year end value of restricted stock units for Mr. Waldron.
 
Total Shareholder Return Amount $ 63.76 42.95
Net Income (Loss) $ (9,519,669) $ (2,535,558)
PEO Name David J. Schulte  
PEO [Member] | Grant Date Value of Restricted Stock Units [Member]    
Pay vs Performance Disclosure [Table]    
Adjustment to Compensation Amount $ 305,206  
PEO [Member] | Year End Value of Restricted Stock Units [Member]    
Pay vs Performance Disclosure [Table]    
Adjustment to Compensation Amount 247,241  
Non-PEO NEO [Member] | Grant Date Value of Restricted Stock Units [Member]    
Pay vs Performance Disclosure [Table]    
Adjustment to Compensation Amount 177,587  
Non-PEO NEO [Member] | Year End Value of Restricted Stock Units [Member]    
Pay vs Performance Disclosure [Table]    
Adjustment to Compensation Amount $ 177,587