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Stockholders' Equity (Details) - USD ($)
1 Months Ended 3 Months Ended
Mar. 31, 2020
Feb. 29, 2020
Jan. 31, 2020
Mar. 31, 2020
[1]
Stockholders' Equity        
Total Number of Shares Purchased 72,214 0 1,500 73,714 [2]
Average Price Paid per Share $ 1.71 $ 0.00 $ 3.27 $ 1.74
Total Number of Shares Purchased As Part of Publicly Announced Plans or Programs 66,214 0 0 66,214
Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs $ 4,736,220 [1],[3] $ 4,851,330 $ 4,851,330 $ 4,736,220 [3]
[1] In December 2019, our Board of Directors approved a share repurchase program under which we can purchase up to $5.0 million of shares of our common stock. Repurchases under the share repurchase program may be made through open market or privately negotiated transactions at times and on such terms and in such amounts as management deems appropriate, subject to market conditions, regulatory requirements and other factors. The share repurchase program is subject to the terms of our Corporate Credit Facility and does not obligate the Company to repurchase any particular amount of common stock, and may be suspended or discontinued at any time without notice.
[2] Includes an aggregate of (i) 7,500 shares purchased by affiliated purchasers of the Company and (ii) 66,214 shares purchased by the Company in the open market under its share repurchase program, 11,279 of which were purchased by the Company in March 2020 and settled in April 2020, which shares are included in net shares outstanding at March 31, 2020.
[3] Since inception of the share repurchase program through March 31, 2020, the Company has repurchased 115,608 shares of common stock for approximately $264,000, or an average price per share of $2.28. As of March 31, 2020, approximately $4.7 million of shares remained available for purchase under the share repurchase program, subject to the terms of our Corporate Credit Facility.