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Note 13 - Stockholders' Equity
 3 Months Ended
Mar. 31, 2023
Notes to Financial Statements  
Equity [Text Block]

13. Stockholders' Equity:

 

The following table summarizes stockholders' equity transactions for the three-month March 31, 2023 (Dollar amounts in thousands of U.S. dollars): 

 

                  

Accumulated

     
          

Additional

      

other

  

Total

 
  

Common stock

  

paid in

  

Retained

  

comprehensive

  

stockholders'

 
  

Number

  

Amount

  

capital

  

earnings

  

income (loss)

  

equity

 
                         

Balances, December 31, 2022

  10,817,110  $31,868  $8,106  $55,899  $784  $96,657 
                         

Exercise of stock options

  -   -   -   -   -   - 

Stock-based compensation

  14,325   593   1,653   -      2,246 

Net income

  -   -   -   (19,083)  -   (19,083)

Other comprehensive income (loss)

  -   -   -   -   (168)  (168)

Balances, March 31, 2023

  10,831,435  $32,461  $9,759  $36,816  $616  $79,652 

 

2023 Stock Buyback Program

 

On February 9, 2023, the Company announced that its Board has approved a stock buyback program to repurchase up to $40 million of its common stock in the open market. Purchases will be made exclusively through the facilities of the NASDAQ Capital Market. The $40 million buyback program commenced on February 10, 2023 and is expected to terminated on February 9, 2024. For the three months ended March 31, 2023, the Company did not repurchase shares under this program.

 

2022 Stock Buyback Program

 

On  February 10, 2022, the Company announced that its Board approved a stock buyback program to repurchase up to $40 million of its common stock in the open market. Purchases were to be made exclusively through the facilities of the NASDAQ Capital Market. The stock buyback program commenced on  February 11, 2022 and was terminated on  February 10, 2023. For the three months ended March 31, 2023, the Company did not repurchase shares under this program.

 

2021 Stock Buyback Program

 

On  February 9, 2021, the Company announced that its Board approved a stock buyback program to repurchase up to $40 million of its common stock in the open market. Purchases will be made exclusively through the facilities of the NASDAQ Capital Market. The stock buyback program commenced on  February 10, 2021 and was terminated on  February 9, 2022. For the three months ended March 31, 2022 the Company did not repurchase shares under this program.