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 common stock began trading on the OTC Markets – OTCQB Tier on August 8, 2017 and subsequently uplisted to the Nasdaq Capital Market on June 26, 2018 under the symbol “ARPO.” The following table sets forth, for the periods indicated, the high and low intraday sales prices of our common stock as reported by the Nasdaq Capital Market and OTC Markets – OTCQB Tier.
Common Stock
High
Low
2020
First Quarter
$
0.71
$
0.42
Second Quarter
$
1.53
$
0.49
Third Quarter
$
1.90
$
1.04
Fourth Quarter
$
2.31
$
0.96
High
Low
2019
First Quarter
$
4.25
$
0.88
Second Quarter
$
1.16
$
0.85
Third Quarter
$
0.90
$
0.61
Fourth Quarter
$
0.70
$
0.45
Stockholders
As of March 8, 2021, there were 113 stockholders of record of our common stock.
Dividends
We have never declared nor paid any cash dividends to stockholders. We do not intend to pay cash dividends on our common stock for the foreseeable future, and currently intend to retain any future earnings to fund our operations and the development and growth of our business. The declaration of any future cash dividends, if any, would be at the discretion of our Board of Directors (subject to limitations imposed under applicable Delaware law) and would depend on our earnings, if any, our capital requirements and financial position, our general economic conditions and other pertinent conditions.
Issuer Purchases of Equity Securities
There were no repurchases of shares of common stock made during the year ended December 31, 2020.
Item 6. Selected Financial Data.
Not applicable.
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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.