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NOTE 10 - SHARE REPURCHASE PROGRAM
3 Months Ended
Mar. 31, 2019
Equity [Abstract]  
NOTE 10 - SHARE REPURCHASE PROGRAM

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 quarter ended March 31, 2019, 57,612 shares of stock were repurchased at an average price of $5.39 for a total of $310,489 plus $1,187 in commissions and charges.

 

The following is a summary of the stock repurchase program from November 1, 2018 through March 31, 2019:

 

 

  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  
    101,975     $ 5.23       101,975     $ 1,466,537  
    43,701     $ 5.36       43,701     $ 1,232,083  
    13,911     $ 5.47       13,911     $ 1,156,048  
    159,587     $ 5.29       159,587