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Equity
 12 Months Ended
Dec. 31, 2025
Equity [Abstract]  
Equity

Note 8: Equity

 

Dividends

 

The Company did not pay any dividends during the years ended December 31, 2025 and 2024.

 

Preferred stock and common stock

 

During the year ended December 31, 2024, there was 4,532 shares of common stock issued to a consultant in exchange for services. There were no other issuances of preferred stock or common stock during the years ended December 31, 2025 and 2024 other than stock awarded to employees and the Board of Directors.

 

Stock repurchase and retirement

 

On December 4, 2025, the Company’s board of directors authorized a stock repurchase program under which the Company was authorized to repurchase up to $1,000,000 of its common shares. As of December 31, 2025, the Company purchased a total of 18,391 shares for a total amount of $163,000 at an average price of $8.89 per share.