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SUBSEQUENT EVENTS
9 Months Ended
Dec. 31, 2021
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 16 – SUBSEQUENT EVENTS

 

Common Stock Issuances

 

Subsequent to December 31, 2021, we issued 90,000 shares of Common Stock to employees as compensation for a total value of $315,000 or $3.50 per share.

 

Board of Directors Share Repurchase Plan

 

On February 7, 2021, our Board of Directors authorized a share repurchase program for up to $30.0 million dollars of our outstanding Common Stock. Purchases made pursuant to the program will be made from time to time, at the Company’s discretion, in the open market, through privately negotiated transactions or through other manners as permitted by federal securities laws. The timing, manner, price and amount of any repurchases will be determined by the Company and will be subject to economic and market conditions, stock price, applicable legal requirements and other factors. The program is expected to commence following the public disclosure of our 2022 fiscal third quarter financial results and filing of this report on Form 10-Q and may be suspended or discontinued at any time.