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13. Subsequent Events
9 Months Ended
Sep. 30, 2019
Subsequent Events [Abstract]  
13. Subsequent Events

The Company has evaluated events that occurred subsequent to September 30, 2019 through the date these condensed consolidated financial statements were issued for matters that required disclosure or adjustment in these condensed consolidated financial statements.

 

Employment Agreements

 

See Note 11 - Commitments and Contingencies.

 

Dividends Declared

 

On November 11, 2019, the Company’s Board of Directors approved a quarterly dividend of $0.0625 per share payable in cash on December 13, 2019 to stockholders of record as of the close of business on November 29, 2019 (see Note 8).

 

Capital Contribution to KICO

 

On November 11, 2019, the Company’s Board of Directors approved a $3,000,000 capital contribution to KICO, which is subject to approval from the New York State Department of Financial Services.