Note 11 - Common Stock Repurchases

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Treasury Stock [Text Block]

Note

11

–

Common Stock Repurchases

During the years ended

December 31, 2019

and

2018,

we repurchased

185,112

and

7,989

treasury shares, respectively, with an aggregate value of approximately

$158,000

and

$6,000

respectively, associated with the vesting of restricted stock held by employees or upon the exercise of stock options held by employees. Per terms of the restricted stock agreements, for certain employees we paid the employee’s related taxes associated with the employee’s vested stock and decreased the freely tradable shares issued to the employee by a corresponding value, resulting in a share issuance net of taxes to the employee. The value of the shares netted for employee taxes represents treasury stock repurchased. Per terms of the stock option agreements, for certain employees we paid the exercise price of the stock option and decreased the freely tradable shares issued to the employee by a corresponding value, resulting in a share issuance, net of exercise price to the employee.