12. CAPITAL STOCK

3 Months Ended

Mar. 31, 2017

Notes to Financial Statements

12. CAPITAL STOCK

12.         Capital Stock.

On March 10, 2017, the Company issued 3,000 shares upon the exercise of employee stock options.

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.