Item 5. Market for Registrant’s Common Equity
ITEM 5. MARKET FOR COMMON EQUITY AND RELATED
STOCKHOLDER MATTERS.
Holders of Record
As of December 31, 2025, there
were approximately 150 registered holders of record of our common stock and 3,850,435 shares outstanding.
Issuer Purchases of Equity Securities
On December 4, 2025, we publicly announced a share
repurchase program under which we were authorized to repurchase up to $1,000,000 of our common shares. As of December 31, 2025, we repurchased
18,391 shares as shown in the table below ($ in 000’s, except share or per share amounts):
Shares Repurchased
Period
Total Number of Shares Repurchased
Average Price Paid Per Share
Total Number of Shares Purchased as Part of Publicly Announced Program
Maximum Dollar Value of Shares that May Yet Be Purchased Under the Program
December 4 -31, 2025
18,391
$
8.89
18,391
$
837
Dividends
We did not pay any dividends
during the year ended December 31, 2025 and 2024. There can be no assurances that dividends will be paid in the future. The declaration
and payment of dividends in the future will be determined by our Board of Directors in light of conditions then existing, including our
earnings, financial condition, capital requirements and other factors.
ITEM 6. SELECT FINANCIAL DATA.
Our selected consolidated financial
data shown below should be read together with Item7. “Management’s Discussion and Analysis of Financial Condition and Results
of Operations” and our consolidated financial statements and respective notes included in Item 8. “Financial Statements and
Supplementary Data.” The data shown below are not necessarily indicative of results to be expected for any future period. The data
below is comprised of results from continuing operations only and does not include results from discontinued operations. For more information
regarding continuing and discontinued operations, see Note 3 to our Consolidated Financial Statements for the years ended December 31,
2025 and 2024.
Summary of Operations for the periods ended
December 31, 2025 and 2024 (in thousands).
Year Ended December
31,
2025
2024
Statement of Operations
Revenue
$ 22,619
$ 23,057
Cost of revenues
5,305
5,617
Gross margin
17,314
17,440
Operating costs
18,935
19,609
Impairment loss on intangible assets
250
14,150
Operating loss
(1,871 )
(16,319 )
Other expense
(82 )
(1,026 )
Loss from continuing operations before taxes
(1,953 )
(17,345 )
Income tax benefit
(395 )
(4,064 )
Loss from continuing operations
$ (1,558 )
$ (13,281 )
21
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.