Item 2. Unregistered Sales of Equity Securities
Item
2. Unregistered Sales of Equity Securities and Use of Proceeds
Share repurchase activity during the three months
ended June 30, 2025 was as follows:
Period
Total
Number of
Shares
Purchased
Average
Price Paid
Per Share
Total
Number of
Shares
Purchased
as Part of
Publicly
Announced
Plans or
Programs
Approximate
Dollar
Value of
Shares that
May Yet Be
Purchased
Under the
Plans or
Programs (1)
April 1, 2025 to April 30, 2025
-
$ -
-
May 1, 2025 to May 30, 2025
33,000
$ 0.464
33,000
June 1, 2025 to June 30, 2025
24,000
$ 0.481
24,000
Total:
57,000
57,000
$ 965,132
(1) On April 23, 2024, following approval by the Company’s
Board of Directors, stockholders holding all of the Company’s outstanding preferred stock approved a stock repurchase program (the
“Repurchase Program”), pursuant to which the Company is authorized to purchase up to $1 million of its common stock over
an unlimited time period. Repurchases under the Repurchase Program (i) shall be effectuated from time to time in the open market at prevailing
market prices, in privately negotiated transactions, pursuant to one or more Rule 10b5-1 plans, or otherwise, (ii) shall be in accordance
with the terms of Rule 10b-18 promulgated under the Exchange Act, and (iii) shall be made in accordance with applicable laws and regulations
in effect from time to time.
Item
3. Defaults Upon Senior Securities
None.
Item
4. Mine Safety Disclosures
Not
applicable.
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.