Item 2. Unregistered Sales of Equity Securities
ITEM
2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
The
following table provides information with respect to repurchases of our Common Stock during each month of the quarter ended September
30, 2024. 8
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
July 1, 2024 – July 31, 2024
98,180
$ 1.40
419,974
$ 508,482
August 1, 2024 – August 31, 2024
0
$ 0
419,974
$ 508,482
September 1, 2024 – September 30, 2024
11,749
$ 1.14
431,723
$ 495,096
Total
109,929
(i)
All shares of Common Stock
repurchased during the quarter ended September 30, 2024 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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