6. TREASURY STOCK

3 Months Ended

Mar. 31, 2020

Equity [Abstract]

TREASURY STOCK

NOTE 6: TREASURY STOCK

On December 23, 2019, the Board authorized the repurchase of up to 500 shares of the Company’s outstanding common stock (the “Repurchase Program”). The Repurchase Program was funded from cash on hand and cash provided by operating activities. The Board separately authorized the repurchase of additional shares during the quarter ended March 31, 2020, in a privately negotiated transaction. During the three months ended March 31, 2020, 744 shares of common stock were purchased for an aggregate amount of $524. As of March 31, 2020, the repurchase program has been exhausted.

Treasury shares are accounted for using the cost method.