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STOCK REPURCHASES | 6 Months Ended
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Jun. 30, 2023
STOCK REPURCHASES |
STOCK REPURCHASE PLAN | 14. STOCK REPURCHASES The Company entered into a repurchase plan (the “Plan”) dated June 4, 2021 with an independent broker for the purchase of up to $10 million of the Company’s Common Stock. The Plan was terminated on April 14, 2022. A total of 1,087,145 shares were purchased under the Plan for a total purchase price of $8.1 million. ​ The Company entered into a private stock repurchase agreement effective December 2022 for the purchase of 3.0 million shares of Common Stock at $1.60 per share for an aggregate purchase price of $4.8 million. ​ These treasury share purchases are accounted for under the cost method and are included as a component of treasury stock in the Company’s balance sheets. ​ Of the 100 million authorized shares of Common Stock, 34,024,304 shares were issued and 29,937,159 shares outstanding as of both December 31, 2022 and June 30, 2023. ​ ​

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