Item 5. Market for Registrant’s Common Equity
Item
5
Market
For Registrant’s Common Equity, Related Stockholder Matters And Issuer Purchases Of Equity Securities.
Market
Information
Shares
of our common stock trade in the pink sheets market and quotations for the common stock are listed in the “Pink Sheets” produced
by the OTC Markets under the symbol “HGYN”.
The
following table sets forth for the respective periods indicated the prices of our common stock in this market as reported and summarized
by the National Quotation Bureau. Such prices are based on inter-dealer bid and asked prices, without markup, markdown, commissions,
or adjustments and may not represent actual transactions.
Year ended December 31, 2022
High
Low
First Quarter
$ 0.20
$ 0.08
Second Quarter
0.14
0.05
Third Quarter
0.09
0.03
Fourth Quarter
0.08
0.03
Year ended December 31, 2023
High
Low
First Quarter
$ 0.13
$ 0.03
Second Quarter
0.15
0.03
Third Quarter
0.08
0.01
Fourth Quarter
0.04
0.01
Holders
There
were 206 holders of record as of December 31, 2023; however, we believe the number of beneficial holders of our shares of common stock
to be approximately 290. In many instances, a registered stockholder is a broker or other entity holding shares in street name for one
or more customers who beneficially own the shares.
Dividends
We
have never paid cash dividends and have no plans to do so in the foreseeable future. Our future dividend policy will be determined by
our board of directors and will depend upon a number of factors, including our financial condition and performance, our cash needs and
expansion plans, income tax consequences, and the restrictions that applicable laws, any future preferred stock instruments, and any
future credit arrangements may then impose.
9
Issuer
Purchases of Equity Securities
None.
Securities
Authorized for Issuance under Equity Compensation Plans
The
Company does not have any equity compensation plans or any individual compensation arrangements with respect to its Common Stock or Preferred
Stock. The issuance of any of our Common Stock or Preferred Stock is within the discretion of our Board of Directors, which has the power
to issue any or all of our authorized but unissued shares without stockholder approval.
Recent
Sales of Unregistered Equity Securities
None.
Item
6
Selected
Financial Data.
This
item is inapplicable because we are a “smaller reporting company” as defined in Exchange Act Rule 12b-2.
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.