XML 20 R10.htm IDEA: XBRL DOCUMENT v3.10.0.1
EQUITY TRANSACTIONS
6 Months Ended
Jun. 30, 2018
EQUITY TRANSACTIONS  
EQUITY TRANSACTIONS

NOTE 5-EQUITY TRANSACTIONS

 

In December 2017, our Board of Directors authorized a new program for the repurchase of up to $1 million of our outstanding common shares. This program authorization will expire in December 2018. 

 

Pursuant to this program, on January 17, 2018, we repurchased 34,010 common shares at a purchase price of $4.75 per share from an unrelated shareholder in a private transaction.  The repurchased shares were immediately retired and restored to the status of authorized and unissued shares.

 

Separate from and in addition to the $1 million repurchase program, on June 22, 2018, we repurchased 867,681 shares of our common stock at a purchase price of $3.00 per share from an existing stockholder in a private transaction approved by the Board of Directors.  The repurchased shares were immediately retired and restored to the status of authorized and unissued shares.

 

At June 30, 2018, the Company had 6,478,797 shares of common stock issued and outstanding.