MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
−Removed: Our common stock trades on the OTC Link (previously “Pink Sheets”) operated by OTC Markets Group under the symbol “TLFA.”
−Removed: There were approximately 289 stockholders of record on August 30, 2021.
+Added: Our common stock trades on the Pink Market operated by OTC Markets Group under the symbol “TLFA.”
+Added: There were approximately 286 stockholders of record on February 25, 2022.
We did not sell any shares of our equity securities during our fiscal year ended December 31, 2021 that were not registered under the Securities Act.
5 unchanged sentences
The following table summarizes repurchases of our common stock occurring in fourth quarter 2021:
−Removed: number of shares purchased
−Removed: price paid per share
−Removed: (c) Total number of shares purchased as part of publicly announced plans or programs
+Added: (a) Total number of shares purchased
+Added: (b) Average price paid per share
+Added: (c) Total number of
+Added: shares purchased as
+Added: part of publicly
+Added: announced plans or
(d) Dollar value of
3 unchanged sentences
October 1 – October 31, 2021
+Added: November 1 – November 30, 2021
December 1 – December 31, 2021
−Removed: (1) Represents shares which may be purchased through our stock repurchase program, announced on August 9, 2020, permitting us to repurchase up to $5 million value of shares of our common stock on or prior to July 31, 2022.
+Added: (1) On August 9, 2020, the Company’s Board of Directors approved a new stock repurchase program allowing the Company to repurchase up to $5 million value of shares of our common stock on or
+Added: prior to July 31, 2022.
(2) The Company suspended repurchasing any shares under its program beginning in July 2019, because of the lack of publicly-available financial information of the Company during this period.
−Removed: Management expects to resume the Company’s
−Removed: repurchase program (as conditions allow) following completion of our financial restatement and making all outstanding periodic filings with the SEC.
+Added: Management expects to resume the Company’s repurchase program (as conditions allow) following completion of our financial restatement and making all outstanding periodic filings with the SEC.
+Added: (3) On Decmber 8, 2021, we entered into an agreement with an institutional shareholder of the Company to repurchase 212,690 shares of our common stock in a private transaction separate from our
+Added: share repurchase program.
+Added: The purchase price was $5.00 per share for a total of $1.1 million.
+Added: The closing of the repurchase took place on December 17, 2021, and these shares were subsequently cancelled.
+Added: Prior to the repurchase, the shares
+Added: represented approximately 2.4% of our outstanding common stock.
SELECTED FINANCIAL DATA
We are a smaller reporting company as defined in Item 10(f)(1) of SEC Regulation S-K and are not required to provide information under this item.
−Removed: However, see Note 12, Quarterly
−Removed: Financial Data (Unaudited) of the Notes to the Consolidated Financial Statements included in Item 8, Financial Statements and Supplementary Data of this Form 10-K, which provides unaudited quarterly condensed results of operations for the
−Removed: two years ended December 31, 2020.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.