Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Repurchases of Equity Securities
Our Board approved a stock repurchase program that permits the Company to repurchase our common stock. Management has discretion in determining the conditions under which shares may be purchased from time to time. The following table summarizes the stock repurchase plans approved by the Board:
May 2018 to May 2019 May 2019 to May 2020 May 2020 to May 2021
Approval Date May 2018 April 2019 May 2020
Authorized Repurchase Amount of Common Stock $7 million $7 million $5 million
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During the quarter ended June 30, 2020, purchases of the Company's common stock pursuant to the Stock Repurchase Plan were as follows:
Period (a) Total Number of Shares Purchased [1]
(b) Average Price Paid per Share [2]
(c) Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (d) Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs
April 1 through April 30, 2020 831,806 $ 2.47 831,806 $ 1,274,856
May 1 through May 31, 2020 364,323 $ 2.73 364,323 $ 4,849,900
June 1 through June 30, 2020 146,625 $ 2.61 146,625 $ 4,467,736
Total
[1] No shares of our common stock were purchased other than through a publicly announced plan or program.
[2] Average price paid per share includes costs associated with the repurchases.
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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.