Item 2. Unregistered Sales of Equity Securities
Item
2. Unregistered
Sales of Equity Securities and Use of Proceeds.
On
May 26, 2021, our Board of Directors (the “Board”) approved a stock repurchase authorization. Under the authorization,
we were originally able to repurchase up to $3.0 million of outstanding shares of our common stock through May 26, 2022. On May
26, 2022, the Board removed the date limitation. The shares of our common stock may be repurchased on the open market or in privately
negotiated transactions subject to applicable securities laws and regulations. The following table sets forth information concerning
purchases of shares of our common stock for three months ended September 30, 2022:
Period
Total Number of Shares Purchased
Average
Price Paid
per Share
Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs
Approximate Dollar Value of Shares that May Yet be Purchased Under the Plans or Programs
July 1 to July
31, 2022
-
$ -
-
$ 427,000
August 1 to August 31, 2022
1,700
$ 9.72
1,700
$ 411,000
September 1 to September 30, 2022
12,868
$ 9.93
12,868
$ 283,000
Total
14,568
$ 9.91
14,568
Item
3. Defaults
Upon Senior Securities.
None.
Item
4. Mine
Safety Disclosures.
None.
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.