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Shareholders' Equity

3 Months Ended

Mar. 31, 2020

Equity [Abstract]

Shareholders' Equity

Shareholders’ Equity for the three months ended March 31, 2019:

(in thousands, except
Share amounts)		Common				Common				Additional								Total
		Stock				Stock				Paid-in				Accumulated				Shareholders’
		Shares				Amount				Capital				Deficit				Equity
Balance at December 31, 2018			58,171,466				582			$	69,873			$	(43,365	)		$	27,090
Stock option expense			-				-				88				-				88
Purchase of shares for cancellation			(27,900	)			-				(9	)			-				(9	)
Net loss			-				-				-				(441	)			(441	)
Balance at March 31, 2019			58,143,566			$	582			$	69,952			$	(43,806	)		$	26,728

Shareholders’ Equity for the three months ended March 31, 2020:

(in thousands, except
Share amounts)		Common				Common				Additional								Total
		Stock				Stock				Paid-in				Accumulated				Shareholders’
		Shares				Amount				Capital				Deficit				Equity
Balance at December 31, 2019			58,133,066				581			$	70,204			$	(46,654	)		$	24,131
Stock option expense			-				-				85				-				85
Purchase of shares for cancellation			(16,700	)			-				(3	)			-				(3	)
Net loss			-				-				-				(607	)			(607	)
Balance at March 31, 2020			58,116,366			$	581			$	70,286			$	(47,261	)		$	23,606

Share Repurchase Program

On October 28, 2015, Solitario’s Board of Directors approved a share repurchase program that authorized Solitario to purchase up to two million shares of its outstanding common stock. During 2019, Solitario’s Board of Directors extended the expiration date of the share repurchase program through December 31, 2020. During the three months ended March 31, 2020 and 2019, Solitario purchased 16,700 and 27,900 shares of Solitario common stock, respectively, for an aggregate purchase price of $3,000 and $9,000, respectively. As of March 31, 2020, Solitario has purchased a total of 986,000 shares for an aggregate purchase price of $465,000 under the share repurchase program since its inception.