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Stockholders' Equity
6 Months Ended
Mar. 31, 2017
Stockholders' Equity Note [Abstract]  
Stockholders' Equity

6. Stockholders’ Equity

 

During the six months ended March 31, 2017, the Company purchased and retired 89,685 common shares at a cost of $1.1 million. The Company also paid a $0.06 per share cash dividend totaling approximately $584,000.

 

During the six months ended March 31, 2016, the Company purchased and retired 500,902 common shares at a cost of $4.7 million. The Company also paid a $0.03 per share cash dividend totaling approximately $296,000.

 

During the six months ended March 31, 2016, a related party creditor converted $750,000 of debt to 75,000 shares of the Company’s common stock.