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SHARE REPURCHASE PROGRAM AND SHARE REPURCHASES | 9 Months Ended
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Sep. 30, 2025
SHARE REPURCHASE PROGRAM AND SHARE REPURCHASES [Abstract] |
SHARE REPURCHASE PROGRAM AND SHARE REPURCHASES | 7. SHARE REPURCHASE PROGRAM AND SHARE REPURCHASES On August 8, 2022, the Board of Directors approved a new program to repurchase up to $5.0 million of the Company’s common stock between that date and August 31, 2024. As of August 31, 2024, the Company had purchased less than $10,000 of shares under this plan. On September 17, 2024, the Board of Directors approved the renewal of the stock repurchase plan and the Company was authorized to repurchase up to $5 million (at then-current market value) of the Company’s common stock in open-market transactions at prevailing market prices upon periodic instructions from the Board or an authorized sub-committee of the Board until September 30, 2026. As of September 30, 2025, $5.0 million remained available for repurchase under this new program. On June 17, 2025, the Company entered into a stock purchase agreement with Janet Carr, our former Chief Executive Officer; wherein the Company agreed to purchase 430,897 shares from Ms. Carr at $3.00 per share, for a total of $1,292,691. The transaction was completed on July 18, 2025; accordingly, the Company immediately cancelled the shares and the impact of this transaction is reflected in our cash balance, common shares and additional paid-in-capital in our financial statements as of September 30, 2025. The shares of common stock outstanding shown on the balance sheet and as part of these financial statements have also been updated as of September 30, 2025.

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- Definition The entire disclosure for the share repurchase program and share repurchases. + References No definition available. + Details
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