Cash Dividends

3 Months Ended

Mar. 31, 2020

Cash Dividends [Abstract]

Cash Dividends

12. CASH DIVIDENDS

On March 22, 2019, the Company's Board of Directors declared a special cash dividend of $0.05 per common share payable on April 19, 2019 to all shareholders of record on April 5, 2019. There were 9,366,119 shares of common stock outstanding on April 5, 2019; therefore, dividends aggregating $468,306 were paid on April 19, 2019.

No dividends were declared during the three months ending March 31, 2020.