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Stockholders' Equity
9 Months Ended
Jun. 30, 2017
Stockholders' Equity Note [Abstract]  
Stockholders' Equity

8. Stockholders’ Equity

 

During the nine months ended June 30, 2017, the Company purchased and retired 89,685 common shares at a cost of $1.1 million. The Company also paid a $0.09 per share cash dividend totaling approximately $877,000.

 

During the nine months ended June 30, 2016, the Company purchased and retired 606,995 common shares at a cost of $5.8 million. The Company also paid a $0.06 per share cash dividend totaling approximately $591,000.

 

During the nine months ended June 30, 2016, the Company converted debt principal and interest valued at $262,500 into 25,610 common shares.

 

During the nine months ended June 30, 2016, a related party creditor converted $750,000 of debt to 75,000 shares of the Company’s common stock.