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Shareholders' Equity
9 Months Ended
Sep. 30, 2018
Equity [Abstract]  
Shareholders' Equity

8. Shareholders’ Equity:

On December 8, 2017, the Board of Directors approved the repurchase of up to 110,000 of the outstanding shares of the Company’s common stock. As of August 1, 2018, the Company had repurchased and retired 110,000 shares for approximately $1,477,000.

On September 26, 2018, the Board of Directors approved the repurchase of up to 70,000 of the outstanding shares of the Company’s common stock. As of October 31, 2018, the Company had repurchased and retired 14,128 shares for approximately $187,761.

On September 26, 2018, the Board of Directors approved a semi-annual dividend of $ .01 per share, payable on October 15, 2018, to shareholders of record as of October 9, 2018.