Note 8 - Stock Repurchase

3 Months Ended

Mar. 31, 2017

Notes

Note 8 - Stock Repurchase

NOTE 8 – Stock Repurchase

On January 13, 2016, the Company’s Board of Directors approved a resolution authorizing the repurchase of up to $100,000 of the Company’s common stock at the price of $0.38 per share. As of March 31, 2017, $59,266 remains of $100,000 approved by the board. 97,764 shares were repurchased in 2016, bringing the total number of shares repurchased up to 106,489. The Company’s share repurchase program does not obligate it to acquire any specific number of shares. The following table shows the Company’s activity and related information for the three month period ending March 31, 2017:

	Purchase Period End Date	Number of Shares	Average Repurchase Price Per Share	Amount
January 2017	January 31, 2017	1,000	$0.38	$     380
March 2017	March 31, 2017	7,725	$0.38	$  2,936
Total		8,725	$0.38	$  3,316

The trading price of the Company’s shares as of March 31^st was $0.39.