Item 2. Unregistered Sales of Equity Securities
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
(a) Recent Sales of Unregistered Securities
None.
(b) Use of Proceeds
Not applicable.
(c) Purchases of Equity Securities by the Issuer and
Affiliated Purchasers
The following table provides
information with respect to repurchases of our Common Stock during each month of the quarter ended March 31, 2025.
Issuer
Purchases of Common Stock (i)
Period
Total
Number
of Shares
Purchased
Average Price
Paid Per Share
Total Number
of Shares
Purchased
as Part of
Publicly Announced
Plans or
Programs
Maximum
Dollar
Value of
Shares That
May Yet Be
Purchased
Under the
Plans or
Programs
January 1, 2025 - January 31, 2025
0
$
$ 431,083
February 1, 2025 - February 28, 2024
0
$
$ 431,083
March 1, 2025 - March 31, 2025
28,302
$ 1.041
515,281
$ 410,621
Total
28,302
(i)
All shares of Common Stock repurchased during the quarter ended March 31, 2025 were made in open-market transactions pursuant to the authorization of the Company’s board of directors to repurchase up to $1,000,000 of the Company’s common stock as publicly announced in the Company’s press release issued on January 30, 2024 and included as Exhibit 99.1 to the Company’s Current Report on Form 8-K filed on the same date. The authorization does not have an expiration date. While the Company anticipates as of the date hereof that it will continue to repurchase shares of Common Stock pursuant to the authorization, the Company is not obligated to repurchase any particular amount of Common Stock pursuant to the authorization and the timing, method and amount of any repurchases made pursuant to the authorization in the future may depend on market conditions and other factors.
ITEM 3. DEFAULTS UPON SENIOR SECURITIES
None.
ITEM 4. MINE SAFETY DISCLOSURES
Not applicable.
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