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 currently quoted on the OTC Pink Market 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 2022 or 2021. 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.
On April 5, 2022, in accordance with the Board of Directors’ prior authorization, the Company purchased 192,750 shares
of its common stock in a privately negotiated transaction at a price of $0.25 per share for an amount of approximately $48,000. The
Company did not repurchase any common stock during the year ended December 31, 2021. At December 31, 2022 and 2021, the Company had repurchased
an aggregate of 2,234,721 and 2,041,971, respectively, shares of its common stock and a total of 2,765,279 and 2,958,029 shares remained
available for repurchase at December 31, 2022 and 2021, respectively, pursuant to the 5,000,000 shares repurchase plans.
Item 6. Selected Financial Data.
Not required.
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