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Shareholders' Equity
6 Months Ended
Jun. 30, 2015
Shareholders’ Equity [Abstract]  
Shareholder's Equity

4. Shareholders’ Equity

As of June 30, 2015, the Company had announced authorizations by its Board of Directors of repurchases of shares of common stock, which in the aggregate authorized expenditures of up to $900,000.  On July 21, 2015, the company announced that its Board of Directors authorized the expenditure of up to an additional $100,000 to repurchase shares of common stock. Under the remaining repurchase authorization, shares may be purchased from time to time in open market transactions, subject to market conditions.

During the six months ended June 30, 2015, the Company repurchased 184 shares of common stock under authorized programs, for a total cost of $116,310. The cumulative shares repurchased under authorized programs as of June 30, 2015 were 4,397 for a total cost of $814,396. As of June 30, 2015, $85,906 was available to repurchase shares under the current repurchase authorizations. The shares are being held in treasury stock until such time as they are reissued or retired at the discretion of the Board of Directors.