Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered
Sales of Equity Securities and Use of Proceeds
(a) Sales
of Unregistered Securities – None
(b) Use
of Proceeds – Not Applicable
(c) Issuer
Purchases of Securities
Stock
Repurchase Program
The
Company has an approved one-year stock repurchase program that authorizes the repurchase of up to 500,000 of the Company’s common
shares through March 31, 2023. Repurchases may be made through open market purchases or in privately negotiated transactions. Shares
repurchased will be returned to the status of authorized and unissued shares of common stock. The actual means and timing of any purchases,
number of shares and prices or range of prices will be determined by the Company.
Shares
of the Company’s common stock were repurchased during the three months ended September 30, 2022, as detailed below. Under the terms
of the stock repurchase program, the Company has the remaining authority to repurchase up to 455,515 shares of common stock.
Period
Beginning on First Day of Month Ended
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 Yet Be Purchased Under Plans or Programs
July
31, 2022
5,720
$
2.31
5,720
477,770
August
31, 2022
11,127
$
2.35
11,127
466,643
September
30, 2022
11,128
$
2.29
11,128
455,515
Total
27,975
$
2.32
27,975
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.