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Note 7 - Common Stock
 6 Months Ended
Dec. 31, 2025
Notes to Financial Statements  
Equity [Text Block]

Note 7. Common Stock

 

Authorized shares: The Company’s Articles of Incorporation, as amended, have established 15,000,000 authorized shares of capital stock consisting of 13,000,000 shares of common stock, par value $0.01 per share, and 2,000,000 shares of undesignated stock.

 

On September 9, 2025, the Company announced the approval of a stock repurchase authorization. Under the authorization, the Company may repurchase up to $10,000,000 of the Company's outstanding shares of common stock. This repurchase authorization has no expiration date. As of  December 31, 2025, a total of 146,441 shares have been repurchased and retired under this authorization for a total cost of $3,766,000, or an average of $25.72 per share. 

 

Repurchased shares are automatically retired and constitute authorized but unissued shares.