Item 5. Market for Registrant’s Common Equity
Item 5. Market For Registrant’s Common Equity, Related Shareholder Matters and Issuer Purchases of Equity Securities.
MARKET INFORMATION
The Company’s common stock trades on the NYSE American (formerly the NYSE MKT, the NYSE Amex and the American Stock Exchange) (the “NYSE American”) under the symbol “APT.”
As of March 1, 2026, the Company’s common stock was held by 79 shareholders of record and approximately 10,800 beneficial owners.
Dividends
The holders of the Company’s common stock are entitled to receive such dividends as may be declared by the Board of Directors of the Company from time to time to the extent that funds are legally available for payment thereof. The Company has never declared or paid any dividends on any of its outstanding shares of common stock. The Board of Directors’ current policy is not to pay dividends but rather to use available funds to repurchase common shares in accordance with the Company’s repurchase program and to fund the continued development and growth of the Company. Consequently, the Company currently has no plans to pay cash dividends in the foreseeable future.
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ISSUER PURCHASES OF EQUITY SECURITIES
The following table sets forth purchases made by or on behalf of the Company or any “affiliated purchaser,” as defined in Rule 10b-18 (a)(3) of the Securities Exchange Act of 1934, during the fourth quarter of 2025.
Issuer Purchases of Equity Securities
Period
Total Number of
Shares Purchased (1)
Average Price Paid
per Share
Total Number of
Shares Purchased
as Part of Publicly
Announced
Program (1)
Approximate Dollar
Value of Shares that
May Yet Be
Purchased Under the
Program (1)
October 1 - 31, 2025
62,800
$
4.71
62,800
$
1,813,000
November 1 - 30, 2025
41,900
4.59
41,900
1,619,000
December 1 - 31, 2025
48,300
4.56
48,300
1,397,000
153,000
4.63
153,000
(1)
On June 27, 2025, the Company announced that the Board of Directors had authorized a $2,000,000 expansion of the Company’s existing share repurchase program. All of the shares included in this table were purchased pursuant to this program. Since the inception of the share repurchase program in 1999, the Company has authorized the repurchase of $59,402,000 of common stock, of which $1,397,000 was available for repurchase as of December 31, 2025. The stock repurchase plan expires on December 15, 2026.
UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
We did not sell any unregistered equity securities during the periods covered by this Annual Report on Form 10-K.
Item 6. (Reserved)
N/A