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COMMON AND PREFERRED STOCK TRANSACTIONS
3 Months Ended
Jun. 30, 2026
Equity [Abstract]  
COMMON AND PREFERRED STOCK TRANSACTIONS

NOTE 5 - COMMON AND PREFERRED STOCK TRANSACTIONS

 

  a. Common Stock

 

The Company has 12,000,000 authorized shares of common stock, no par value. As of June 30, 2026, the total common shares issued were 9,784,898, and the total common shares outstanding were 9,678,474, which includes the deduction of 106,424 shares of Company owned as Treasury stock.

 

During the three (3) months ended June 30, 2026, the Company had no option expense.

 

During the three (3) months ended June 30, 2026, the Company issued 1,667 shares of Rule 144 “restricted” common stock to Sean P. Iddings as compensation for his services as a Board Director the quarter ended March 31, 2026.

 

During the three months ended June 30, 2026, the Company repurchased 32,556 shares of its common stock on the open market for total consideration of $48,818 including commissions and held those shares as Treasury Stock as of June 30, 2026. The Company intends to cancel theses shares.

 

  b. Preferred Stock

 

The Company has 20,000,000 authorized shares of preferred stock. As of June 30, 2026, and March 31, 2026, there were no preferred shares issued or outstanding.