Note 14 - Stockholders' Equity

3 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Stockholders' Equity Note Disclosure [Text Block]

 

Note

1

4

-Stockholders’ Equity

 

 The Company has

5,000,000

authorized preferred shares with a par value of

$0.01

per share. The Company’s board of directors (the “Board of Directors”) is authorized to divide the authorized shares of Preferred Stock into

one

or more series, each of which shall be so designated as to distinguish the shares thereof from the shares of all other series and classes.

There were

no

shares of preferred stock issued and outstanding as of

December 31, 2019

and

2018.

Dividends are declared at the discretion of the Board of Directors and depend upon the Company’s financial condition, operating results, capital requirements and other factors that the Board of Directors deems relevant. In addition, agreements with the Company’s lenders

may,

from time to time, restrict the ability to pay dividends. As of

December 31, 2019,

there were

no

such restrictions, as there were

no

lending agreements in place.

No

dividends were declared during fiscal year

2020.