14. CAPITAL STOCK

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements

14. CAPITAL STOCK

14. Capital Stock.

On January 6, 2016, the Company repurchased 1,750,000 shares of its common stock at $0.90 per share for a total purchase price of $1,575,000. The shares were returned to treasury and cancelled.

The Company issued 30,000 shares upon the exercise of employee stock options during the year ended December 31, 2016.

During the year ended December 31, 2015, the Company issued 8,000 shares upon the exercise of employee stock options.