Item 5. Market for Registrant’s Common Equity
ITEM
5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Market
Information
Our
Class B common stock trades on the Nasdaq Stock Market under the symbol “RR.”
Holders
of Record
As
of January 10, 2025, we had approximately 3 holders of record of our Class A common stock and 14 holders of record of our Class B common
stock.
Dividend
Policy
We
have never paid or declared any cash dividends on our Class B common stock. We may pay dividends in the future if the Company realizes
good profits and the board of directors determines that dividends are advisable, taking into account the Company’s financial and
development needs. However, we may instead retain any future earnings to finance the operation, development and expansion of our business,
and we may not declare or pay any dividends in the foreseeable future. Any future determination to pay dividends will be at the discretion
of our board of directors and will depend upon a number of factors, including our results of operations, financial condition, business
prospects, contractual restrictions, restrictions imposed by applicable law and other factors our board of directors deems relevant.
Under
NRS 78.288, the directors of a corporation may authorize, and the corporation may make, distributions (including cash dividends) to stockholders,
but no such distribution may be made if, after giving it effect:
●
the corporation would not
be able to pay its debts as they become due in the usual course of business; or
●
the corporation’s
total assets would be less than the sum of (x) its total liabilities plus (y) the amount that would be needed, if the corporation
were to be dissolved at the time of distribution, to satisfy the preferential rights upon dissolution of stockholders whose preferential
rights are superior to those receiving the distribution.
The
NRS prescribes the timing of the determinations above depending on the nature and timing of payment of the distribution. For cash dividends
paid within 120 days after the date of authorization, the determinations above must be made as of the date the dividend is authorized.
When making their determination that a distribution is not prohibited by NRS 78.288, directors may consider:
●
financial statements prepared
on the basis of accounting practices that are reasonable in the circumstances;
●
a fair valuation, including,
but not limited to, unrealized appreciation and depreciation; and/or
●
any other method that is
reasonable in the circumstances.
42
Securities
Authorized for Issuance under Equity Compensation Plan
The
following table sets forth information concerning securities authorized under equity compensation plans as of September 30, 2024.
Plan
Category
Number
of
securities to
be issued upon
exercise of
outstanding
options
Weighted-average
exercise
price of
outstanding
options
Number
of
granted restricted
stock unit awards
outstanding
Number
of
securities
remaining
available for
future
issuance
under equity
compensation
plans
Equity compensation plans approved
by security holders
-
$ -
-
525,274
Equity compensation
plans not approved by security holders
-
-
-
-
-
$ -
-
525,274
Recent
Sales of Unregistered Securities
None
that have not already been disclosed in a prior Quarterly Report on Form 10-Q or Current Report on Form 8-K.
Purchases
of Equity Securities by the Issuer and Affiliated Purchasers
None.
ITEM
6. Reserved
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.