Dividends	12 Months Ended
Dec. 31, 2015
Dividends
Dividends	9. Dividends The Company has not paid dividends during calendar year 2015. During calendar year 2014, four quarterly dividends of $0.05 per share were paid to shareholders of record representing an aggregate dividend of approximately $645,000 on each payment date on the number of issued and outstanding Common Stock as of the applicable declaration date, or approximately $2,580,000. While there are currently no restrictions prohibiting the Company from paying dividends, the Board of Directors, after consideration of general economic and market conditions affecting the energy industry in general, and the oilfield services business in particular, determined that the Company would not pay a dividend in respect of the foreseeable future. Payment of any dividends in the future will be at the discretion of our board and will depend on our financial condition, results of operations, capital and legal requirements, and other factors deemed relevant by the board.

9. Dividends

The Company has not paid dividends during calendar year 2015. During calendar year 2014, four quarterly dividends of $0.05 per share were paid to shareholders of record representing an aggregate dividend of approximately $645,000 on each payment date on the number of issued and outstanding Common Stock as of the applicable declaration date, or approximately $2,580,000.

While there are currently no restrictions prohibiting the Company from paying dividends, the Board of Directors, after consideration of general economic and market conditions affecting the energy industry in general, and the oilfield services business in particular, determined that the Company would not pay a dividend in respect of the foreseeable future. Payment of any dividends in the future will be at the discretion of our board and will depend on our financial condition, results of operations, capital and legal requirements, and other factors deemed relevant by the board.