Item 2. Unregistered Sales of Equity Securities
ITEM
2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
Recent
Sales of Unregistered Securities
There
are no transactions that have not been previously reported in a Current Report on Form 8-K or in our prior filings.
Purchases
of Equity Securities by the Issuer and Affiliated Purchasers
On
May 25, 2025, our Board approved the adoption of a stock repurchase program (the “2025 Repurchase Program”), which ended
on May 28, 2026. Under the 2025 Repurchase Program, the Company could purchase up to $2 million worth of shares of its Common Stock,
with no shares exceeding a price of $2.00 per share, from time to time in the open market, in privately negotiated transactions, pursuant
to a Rule 10b5-1 trading plan or otherwise in accordance with applicable securities laws and other requirements. The 2025 Repurchase
Program did not obligate the Company to repurchase any dollar amount or number of shares of Common Stock. We purchased a total of 439,208
shares of our Common Stock under the 2025 Repurchase Program for $346,503.
During
the quarter ended March 31, 2026. We did not purchase any shares under the 2025 Repurchase Program during the quarter ended June 30,
2026.
ITEM
3. DEFAULTS UPON SENIOR SECURITIES
None.
ITEM
4. MINE SAFETY DISCLOSURES
Not
applicable.
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