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
On
March 11, 2022, the closing sale price of our common stock, as reported by The NASDAQ Stock Market, was $0.22
per share. On March 11, 2022, there were 233 holders of record of our common
stock. Because many of our shares of common stock are held by brokers and other institutions on behalf of stockholders, we are
unable to estimate the total number of stockholders represented by these record holders.
Dividend
Policy
We
have never paid any cash dividends on our capital stock and do not anticipate paying any cash dividends on our common stock in
the foreseeable future. We intend to retain future earnings to fund ongoing operations and future capital requirements of
our business. Any future determination to pay cash dividends will be at the discretion of the Board and will be dependent upon
our financial condition, results of operations, capital requirements and such other factors as the Board deems relevant.
Recent
Sales of Unregistered Securities
None.
Repurchases
of Equity Securities by the Issuer and Affiliated Purchasers
We
did not purchase any of our registered securities during the period covered by this Annual Report.
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.