Item 2. Unregistered Sales of Equity Securities
Item
2. Unregistered Sales of Equity Securities and Use of Proceeds
The
repurchases provided in the table below were made through the quarter ended March 31, 2022:
Issuer Purchases of Equity Securities (1)
Month
Total Number of Shares Purchased
Average Price Paid Per Share
Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs
Maximum Number of Shares that may be Purchased Under the Plans or Programs
Aug-2021
22,510
$ 4.45
691,528
Total
691,528
691,528
849,256
(1)
The
Board of Directors approved a repurchase of shares up to $2,000,000 on July 30, 2020. All shares permitted to be purchased under
this July 2020 plan were purchased during the plan’s original date and prior to the conclusion of the extension of the plan.
On May 21, 2021, the Board of Directors authorized an additional repurchase plan of up to $2,000,000 worth of shares of common stock.
The plan was authorized commencing May 21, 2021 through November 20, 2021 subject to an additional nine months extension at the discretion
of management. As of March 31, 2022, the total number of shares that could be purchased under both plans was 849,256. The actual
maximum number of shares will vary depending on the actual price paid per share purchased.
Item
3. Defaults Upon Senior Securities
None.
Item
4. Mine Safety Disclosures
Not
applicable.
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.