Stockholder's Equity

9 Months Ended

Sep. 30, 2022

Stockholder's Equity.

Stockholder's Equity

Note 11 – Stockholder’s Equity

Preferred Stock

The Company is authorized to issue 10,000,000 shares of preferred stock with a par value of $0.0001. There were no shares of preferred stock that were issued or outstanding at September 30, 2022 or December 31, 2021.

Common Stock

Stock Purchase Program

In September 2022, the Company’s Board of Directors authorized a repurchase program of up to $10.0 million of outstanding common stock. As of September 30, 2022, we had repurchased 500,000 shares for $3.5 million under the program.