XML 32 R16.htm IDEA: XBRL DOCUMENT v3.25.0.1
Capital Stock
 12 Months Ended
Dec. 31, 2024
Capital Stock  
Capital Stock

10.        Capital Stock

Common Stock - The Company is authorized to issue 75,000,000 shares of common stock. Each share of common stock has one vote. Subject to preferences that may be applicable to any outstanding shares of preferred stock, the holders of common stock are entitled to receive ratably such dividends, if any, as may be declared by the Board of Directors. No common stock dividends have been declared to date.

Preferred Stock - The Company is authorized to issue 4,998,000 shares of preferred stock. The Board of Directors is authorized to fix the terms, rights, preferences and limitations of the preferred stock and to issue the preferred stock in series that differ as to their relative terms, rights, preferences and limitations.

Common Stock Reserved - As of December 31, 2024, the Company had available for future issuance 902,824 shares of common stock pursuant to the Company’s stock option plans.

Treasury Stock - In July 2019, the Company’s Board of Directors authorized the repurchase of up to $2.0 million of its common stock in open market or private transactions. There is no expiration date associated with the program. There were no share repurchases in the years ended December 31, 2024 and 2023. As of December 31, 2024, the Company repurchased 1.5 million shares of its common stock under the July 2019 authorization with a value of $1.8 million.