Quarterly report pursuant to Section 13 or 15(d)

STOCKHOLDERS' EQUITY (Details)

v3.21.2
STOCKHOLDERS' EQUITY (Details)
6 Months Ended
Jun. 16, 2021
USD ($)
shares
May 28, 2021
USD ($)
bay
shares
May 28, 2021
CAD ($)
bay
shares
Feb. 18, 2021
USD ($)
shares
Aug. 21, 2020
USD ($)
$ / shares
shares
Jul. 02, 2020
USD ($)
shares
Jun. 17, 2020
USD ($)
shares
Mar. 17, 2020
USD ($)
$ / shares
shares
Jun. 30, 2021
USD ($)
shares
Dec. 31, 2020
USD ($)
shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Treasury stock (in shares)                 3,412,378 3,412,378
Treasury stock, at cost | $                 $ 5,353,019 $ 5,353,019
Compensation expense | $                 $ 846,876  
Compensation expense recognition period                 1 year 10 months 24 days  
Number of shares approved (in shares)         630,000     115,200    
Strike price (in dollars per share) | $ / shares         $ 0.785     $ 0.81    
2021 EIP                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Percentage of bonus paid in cash   50.00% 50.00%              
Percentage of bonus paid in stock   50.00% 50.00%              
Target payout percentage                 200.00%  
2021 LTIP                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Number of performance metrics | bay   3 3              
2021 LTIP | Below Target                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Percentage of award covered by metric   0.00% 0.00%              
2021 LTIP | Target                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Percentage of award covered by metric   50.00% 50.00%              
2021 LTIP | Above Target                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Percentage of award covered by metric   75.00% 75.00%              
2021 LTIP | Outstanding                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Percentage of award covered by metric   100.00% 100.00%              
Tranche One                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Award vesting percentage               33.33%    
Tranche One | 2021 LTIP                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Percentage of award covered by metric   33.00% 33.00%              
Tranche Two                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Award vesting percentage           33.33%        
Tranche Two | 2021 LTIP                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Percentage of award covered by metric   67.00% 67.00%              
Tranche Three                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Award vesting percentage         33.33%          
Restricted Stock Units                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Units outstanding (in shares)                 361,409  
Compensation expense | $       $ 45,999            
Number of shares granted (shares) 189,471       92,934   270,966      
Award vesting period         1 year   1 year      
Shares issued (in shares)       27,334            
Award vesting percentage 50.00%       50.00%   50.00%      
Unrecognized compensation cost | $ $ 216,000       $ 72,953   $ 252,000      
Performance Shares                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Units outstanding (in shares)                 480,667  
Performance Shares | 2021 LTIP                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Award vesting period   3 years 3 years              
Award vesting percentage   33.33% 33.33%              
Employee Stock Option                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Stock options outstanding (in shares)                 934,700  
Compensation expense | $         $ 233,111 $ 79,431   $ 40,280    
Award vesting period         3 years 3 years   3 years    
Expiration period         4 years     4 years    
Co-Chief Executive Offiver | Restricted Stock Units                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Number of shares granted (shares)       18,852            
Chief Financial Officer | 2021 EIP                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Payments to Employees | $   $ 150,000                
Chief Financial Officer | Restricted Stock Units                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Number of shares granted (shares)       18,852            
Chief Financial Officer | Restricted Stock Units | 2021 LTIP                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Number of shares granted (shares)   204,543 204,543              
Chief Financial Officer | Time-based Units | 2021 LTIP                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Number of shares granted (shares)   68,181 68,181              
Chief Financial Officer | Performance Shares | 2021 LTIP                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Number of shares granted (shares)   136,362 136,362              
Chief Financial Officer | Performance Shares | Tranche One | 2021 LTIP                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Number of shares granted (shares)   45,454 45,454              
Vice President of Operations | 2021 EIP                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Payments to Employees | $   $ 54,000                
Vice President of Operations | Tranche One | 2014 EIP                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Number of shares granted (shares)           100,000        
Vice President of Operations | Tranche Two | 2014 EIP                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Number of shares granted (shares)           0.8439        
Vice President of Operations | Restricted Stock Units | 2021 LTIP                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Number of shares granted (shares)   85,908 85,908              
Vice President of Operations | Time-based Units | 2021 LTIP                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Number of shares granted (shares)   28,636 28,636              
Vice President of Operations | Performance Shares | 2021 LTIP                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Number of shares granted (shares)   57,272 57,272              
Vice President of Operations | Performance Shares | Tranche One | 2021 LTIP                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Number of shares granted (shares)   19,091 19,091              
Chief Business Development Officer | 2021 EIP                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Payments to Employees | $   $ 150,000                
Chief Business Development Officer | Restricted Stock Units | 2021 LTIP                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Number of shares granted (shares)   204,543 204,543              
Chief Business Development Officer | Time-based Units | 2021 LTIP                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Number of shares granted (shares)   68,181 68,181              
Chief Business Development Officer | Performance Shares | 2021 LTIP                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Number of shares granted (shares)   136,362 136,362              
Chief Business Development Officer | Performance Shares | Tranche One | 2021 LTIP                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Number of shares granted (shares)   45,454 45,454              
Vice President Of Production Development | 2021 EIP                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Payments to Employees | $     $ 51,000              
Vice President Of Production Development | Restricted Stock Units | 2021 LTIP                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Number of shares granted (shares)   47,973 47,973              
Vice President Of Production Development | Time-based Units | 2021 LTIP                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Number of shares granted (shares)   15,991 15,991              
Vice President Of Production Development | Performance Shares | 2021 LTIP                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Number of shares granted (shares)   31,982 31,982              
Vice President Of Production Development | Performance Shares | Tranche One | 2021 LTIP                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Number of shares granted (shares)   10,661 10,661              
Chief Executive Officer | 2021 EIP                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Payments to Employees | $   $ 200,000