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Treasury Stock
6 Months Ended
Jun. 30, 2024
Treasury Stock [Abstract]  
TREASURY STOCK

NOTE – 16 TREASURY STOCK

 

On January 25, 2023, the Board of Directors (“Board”) authorized a $2,000,000 share repurchase program. The following table presents information with respect to repurchases of common stock during the six months ended and June 30, 2024 and 2023:

 

   Six months ended
June 30,
 
   2024   2023 
         
Aggregate common stock repurchased   
    611,605 
Weighted average price paid per share  $
   $1.0473 
Total amount paid  $
   $640,525 

 

As of June 30, 2024 and December 31, 2023, we had up to $1,813,218 and $1,214,475 of the share repurchase program available, respectively. Under the share repurchase program, repurchases can be made from time to time using a variety of methods, which may include open market purchases, privately negotiated transactions or otherwise, all in accordance with the rules of the SEC and other applicable legal requirements. The timing and amount of any shares of our common stock that are repurchased under the share repurchase program will be determined by our management based on market conditions and other factors.  The share repurchase program does not obligate us to acquire any particular amount of common stock, and may be modified, suspended or discontinued at any time or from time to time at our discretion.