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 the repurchase of up to $3.0 million of outstanding shares of our common stock.
The shares of our common stock may be repurchased under the authorization on the open market or in privately negotiated transactions
subject to applicable securities laws and regulations. The current repurchase authorization does not expire and the approximate
dollar value of shares that may yet be purchased under the plan as of March 31, 2024, was approximately $275,000. There were no
share repurchases for the period covered by this Quarterly Report on Form 10-Q.
Item 3. Defaults Upon Senior Securities.
None.
17
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.