Item 2. Unregistered Sales of Equity Securities
ITEM 2.
UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.
On August 3, 2022, the Company’s Board of Directors authorized the 2022 Repurchase Program to repurchase up to $15.0 million of the Company's outstanding common stock. On May 4, 2023, the Company's Board of Directors authorized the 2023 Repurchase Program to repurchase up to $15.0 million of the Company’s outstanding common stock on substantially the same terms as the 2022 Repurchase Program. The Board's authorizations do not have an expiration date. The following table presents information related to our purchases of our common stock pursuant to the 2022 Repurchase Program during the three months ended June 30, 2023. There were no repurchases pursuant to the 2023 Repurchase Program during the three months ended June 30, 2023.
Period (1)
Total Number of Shares Purchased Weighted Average Price Paid per Share (2)
Total Number of Shares Purchased as Part of Publicly Announced Program Maximum Approximate Dollar Value that May Yet Be Purchased Under the Program (2)
April 1, 2023 to April 30, 2023 144,772 $ 5.85 144,772 $ 1,723,659
May 1, 2023 to May 31, 2023 — — — 1,723,659
June 1, 2023 to June 30, 2023 42,248 6.20 42,248 1,461,810
Total 187,020 $ 5.93 187,020 $ 1,461,810
(1) Based on trade date.
(2) Includes brokerage commissions and clearing fees.
ITEM 3. DEFAULTS UPON SENIOR SECURITIES.
None.
ITEM 4. MINE SAFETY DISCLOSURES
None.
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