Cash Dividends

3 Months Ended

Mar. 31, 2021

Cash Dividends [Abstract]

CASH DIVIDENDS

11. CASH DIVIDENDS

On February 25, 2021, the Company’s Board of Directors declared a regular quarterly dividend of $0.03 per common share payable on March 25, 2021 to all shareholders of record on March 11, 2021. There were 9,481,799 shares of common stock outstanding on March 11, 2021; therefore, dividends aggregating $284,454 were paid on March 25, 2021.

No dividends were declared during the three months ended March 31, 2020.