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Shareholders' Equity
 6 Months Ended
Jun. 30, 2020
Equity [Abstract]  
Shareholders' Equity

Shareholders’ Equity for the six months ended June 30, 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     -       -       215       -       215  
Purchase of shares for cancellation     (21,100 )     -       (4 )     -       (4 )
Net loss     -       -       -       (352 )     (352 )
Balance at June 30, 2020     58,111,966     $ 581     $ 70,415     $ (47,006 )   $ 23,990  

 

Shareholders’ Equity for the six months ended June 30, 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     -       -       173       -       173  
Purchase of shares for cancellation     (33,200 )     (1 )     (10 )     -       (11 )
Net loss     -       -       -       (1,443 )     (1,443 )
Balance at June 30, 2019     58,138,266     $ 581     $ 70,036     $ (44,808 )   $ 25,809  

 

Share Repurchase Program

 

On October 28, 2015, the 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, the Board of Directors extended the expiration date of the share repurchase program through December 31, 2020. During the three and six months ended June 30, 2020, Solitario purchased 4,400 and 21,100 shares of Solitario common stock, respectively, for an aggregate purchase price of $1,000 and $4,000, respectively. During the three and six months ended June 30, 2019, Solitario purchased 5,300 and 33,200 shares of Solitario common stock, respectively, for an aggregate purchase price of $2,000 and $11,000, respectively. As of June 30, 2020, Solitario has purchased a total of 990,400 shares for an aggregate purchase price of $466,000 under the share repurchase program since its inception.