Item 5. Market for Registrant’s Common Equity
Item 5. Market for the Registrant’s
Common Equity and Related Stockholder Matters.
The Company’s common stock, $0.01 par value,
is quoted on the OTC Pink Sheets under the symbol “iWSH”. Such quotations reflect inter-dealer prices, without
retail mark-up, mark-down or commission and may not necessarily represent actual transactions.
The Company did not declare or pay any cash dividends
on its common stock in 2021 or 2020. The Company currently intends to retain future earnings to finance the growth and development of
its business however, the directors will also consider alternative for distributing some or all of its cash and cash equivalents to stockholders.
Issuer Purchases of Equity Securities
The Board of Directors authorized the Company
to repurchase up to 5,000,000 outstanding shares of common stock from time to time either in open market or privately negotiated transactions.
At December 31, 2021 and 2020, the Company had repurchased an aggregate of 2,041,971 shares of its common stock and a total of 2,958,029
shares remained available for repurchase at December 31, 2021 and 2020, pursuant to the 5,000,000 shares repurchase plans. The Company
did not repurchase any common stock during the years ended December 31, 2021 and 2020.
Item 6. Selected
Financial Data.
Not required.
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.