Note 7 - Stockholders' Equity

3 Months Ended

Mar. 31, 2020

Notes to Financial Statements

Stockholders' Equity Note Disclosure [Text Block]

NOTE

7

– STOCKHOLDERS’ EQUITY

Stock and Warrant Repurchase Plan

The Company’s Board of Directors approved a stock and warrant repurchase plan (“Repurchase Plan”) in

November 2015

and increased the repurchase plan to

$35.0

million in

November 2016.

The Repurchase Plan authorizes the Company to purchase, from time to time, the Company’s outstanding common stock. Any shares purchased will be retired. The Repurchase Plan has

no

time deadline and will continue until otherwise modified or terminated at the sole discretion of the Company’s Board of Directors. These repurchases exclude shares repurchased to settle statutory employee tax withholding related to the exercise of stock options and vesting of stock awards. All repurchases were made using cash resources. During the

three

months ended

March 31, 2020,

the Company repurchased

8,517

 shares of common stock for approximately

$127,000.

The Company has cumulatively repurchased

875,218

 shares of common stock for

$8.3

 million and

6,011,926

warrants for

$14.7

million, since plan inception. The remaining balance for the Repurchase Plan was

$12.0

 million as of

March 31, 2020.

During

March 2020,

the Repurchase Plan was suspended due to the uncertain impact of the COVID-

19

virus.