NOTE 12 - SHARE REPURCHASE PROGRAMS

12 Months Ended

Dec. 31, 2018

Note 12 - Share Repurchase Programs

SHARE REPURCHASE PROGRAMS

On October 31, 2018, our Board of Directors approved a share repurchase program with provisions to buy back up to $2 million of our stock during the period from November 1, 2018 through October 31, 2019.  The program was established with a 10b5-1 plan under the Exchange Act to provide flexibility to make purchases throughout the period.  For the year ended December 31, 2017, 101,975 shares of stock were repurchased at an average price of $5.23 for a total of $533,463 plus $2,067 in commissions and charges.

The following is a summary of the stock repurchase program from November 1, 2018 through December 31, 2018:

Repurchases by Month	Total Number of Shares Purchased	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
December 2018	101,975	$5.23	101,975	$1,466,537