Stockholders' Equity Transactions

6 Months Ended

Dec. 31, 2019

Stockholders' Equity Transactions

Stockholders' Equity Transactions

NOTE 9 – Stockholders’ Equity Transactions

On September 16, 2014, the Company’s board of directors authorized the repurchase of up to 1 million of the approximately 19.4 million shares of the Company’s common stock outstanding. On December 21, 2018, the Company’s board of directors authorized the repurchase of up to an additional 500,000 shares. As of December 31, 2019, there was an aggregate 434,725 shares that may yet be purchased under the two repurchase plans. The repurchase will be made from time to time in the open market or in privately negotiated transactions subject to market conditions and the market price of the common stock. The Company did not repurchase any of its outstanding common stock during the six months ended December 31, 2019. Shares repurchased under the two plans from inception through June 30, 2019 are included in the Company’s Treasury Stock as of December 31, 2019.