Note 14 - Equity

12 Months Ended

Dec. 31, 2024

Notes to Financial Statements

Equity [Text Block]

(14)  EQUITY

On November 20, 2023, our Board of Directors authorized a share repurchase plan (the “Repurchase Plan”) whereby we could repurchase shares of our common stock on the open market with a total aggregate repurchase amount of up to $10 million until November 17, 2024. We repurchased 141,117 shares with a fair value of $1.0 million through the expiration date of the Repurchase Plan. Those repurchased shares were retired as of December 31, 2024, and no new authorization has been issued. 

On May 11, 2023, we entered into an At-the-Market Issuance Sales Agreement (the “Sales Agreement”) pursuant to which we issued and sold 921,797 shares of our common stock having an aggregate offering price of $20 million between May 11, 2023, and May 31, 2023. We received net proceeds from the sale of these shares of $19.2 million after payment of commissions of 3.0% of the gross proceeds and other fees related to the sale of these shares.