Note 7. Equity

12 Months Ended

Dec. 31, 2020

Equity [Abstract]

Equity

Dividends

We did not pay any dividends during the years ended December 31, 2020 and 2019.

Preferred stock and common stock

There were no issuances of preferred stock or common stock during the years ended December 31, 2020 and 2019 other than stock awarded to employees and the Board of Directors.

Stock repurchase and retirement

On August 7, 2019, the Company publicly announced a share repurchase program under which the Company is authorized to repurchase up to $1,000,000 of its common shares. On March 16, 2020, the Company publicly announced that the Company increased the share repurchase program to repurchase up to $2,000,000 of its common shares. As of December 31, 2020, the Company repurchased a total of 160,068 shares at an aggregate cost of $1,552,000 (not including commissions of $6,000) as shown in the table below ($ in 000’s, except share or per share amounts):

		Shares Repurchased
Period		Total Number of Shares Repurchased		Average Price Paid Per Share		Total Number of Shares Purchased as Part of Publicly Announced Program		Maximum Dollar Value of Shares that May Yet Be Purchased Under the Program
	August 7 -31, 2019		22,150	$	9.34		22,150	$	793
	September 1-30, 2019		2,830	$	10.00		2,830	$	765
	October 1-31, 2019		39,363	$	10.44		39,363	$	354
	November 1-30, 2019		11,827	$	10.43		11,827	$	231
	December 1-31, 2019		—		—		—	$	231
	January 1-31, 2020		—		—		—	$	231
	February 1-29, 2020		—		—		—	$	231
	March 1-31, 2020		21,700	$	9.33		21,700	$	1,028
	April 1-30, 2020		22,698	$	9.02		22,698	$	823
	May 1-31, 2020		39,500	$	9.51		39,500	$	448
	Total		160,068	$	9.70		160,068	$	448

There were no shares repurchased during the period of June 1, 2020 through December 31, 2020.