Equity

12 Months Ended

Dec. 31, 2021

Equity

Note Equity

Note 6: Equity

Dividends

The Company did not pay any dividends during the years ended December 31, 2021 and 2020.

Preferred stock and common stock

There were no issuances of preferred stock or common stock during the years ended December 31, 2021 and 2020 other than stock awarded to employees and the Board of Directors.

Stock repurchase and retirement

On August 7, 2019, the Company publicly announced a stock 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 stock repurchase program to repurchase up to $2,000,000 of its common shares. As of March 31, 2021, the Company completed the repurchase program by purchasing a total of 179,845 shares as shown in the table below ($ 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
No shares repurchased between June 2020 and February 2021
March 1-31, 2021		19,777	$	22.89		19,777	$	-
Total		179,845	$	11.15		179,845	$	-