MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
−Removed: Our common stock trades on the Pink Market operated by OTC Markets Group under the symbol “TLFA.”
+Added: Our common stock trades on the Nasdaq Capital Market under the symbol “TLF.”
There were approximately 283 stockholders of record on February 28, 2023.
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profitability, cash flow, capital requirements, current and forecasted liquidity, as well as financial and other business conditions existing at the time.
−Removed: This policy is subject to change based on future industry and market conditions, as well as
−Removed: other factors.
−Removed: The following table summarizes repurchases of our common stock occurring in fourth quarter 2021:
−Removed: (a) Total number of shares purchased
−Removed: (b) Average price paid per share
−Removed: (c) Total number of
−Removed: shares purchased as
−Removed: part of publicly
−Removed: announced plans or
−Removed: (d) Dollar value of
−Removed: shares that may yet be
−Removed: purchased under the
−Removed: plans or programs (1)
−Removed: October 1 – October 31, 2021
−Removed: November 1 – November 30, 2021
−Removed: December 1 – December 31, 2021
−Removed: (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
−Removed: prior to July 31, 2022.
−Removed: (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 repurchase program (as conditions allow) following completion of our financial restatement and making all outstanding periodic filings with the SEC.
−Removed: (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
−Removed: share repurchase program.
−Removed: The purchase price was $5.00 per share for a total of $1.1 million.
−Removed: The closing of the repurchase took place on December 17, 2021, and these shares were subsequently cancelled.
−Removed: Prior to the repurchase, the shares
−Removed: represented approximately 2.4% of our outstanding common stock.
+Added: This policy is subject to change based on future industry and market conditions, as well
+Added: as other factors.
+Added: We did not repurchase any shares of our common stocks during the fourth quarter of fiscal year 2022.
SELECTED FINANCIAL DATA
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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.