NOTE 11 - SHARE REPURCHASE PROGRAMS

3 Months Ended

Mar. 31, 2016

Note 11 - Share Repurchase Programs

NOTE 11 - SHARE REPURCHASE PROGRAMS

On February 24, 2016, our Board of Directors approved a share repurchase program with provisions to buy back up to $1 million of our stock during the period from March 2, 2016 through March 31, 2017.  The program was established with a 10b5-1 plan under the Exchange Act to provide flexibility to make purchases throughout the period.  For the quarter ended March 31, 2016, 42,515 shares of stock have been repurchased at an average price of $2.26 for a total of $95,984 plus $855 in commissions.

The following is a summary of share repurchase activity under the plan through March 31, 2016:

Repurchases by Month		Average Price Paid per Share		Total Number of Shares Purchased as Part of Publicly Announced Repurchase Program		Approximate Dollar Value of Shares that May Yet Be Purchased under the Program
	March 2016	$	2.26		42,515	$	903,161
	Total	$	2.26		42,515