STOCKHOLDERS' EQUITY

6 Months Ended

Jun. 30, 2020

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY

(5)   STOCKHOLDERS’ EQUITY

Treasury Stock

On May 14, 2018, our Board of Directors approved a new program to buy back an additional $2.0 million of our common stock at prevailing market prices either in the open market or through privately negotiated transactions through May 13, 2019. For the six months ending June 30, 2019, the Company purchased 52,000 shares of our common stock for $0.2 million for an average price of $3.29 per share, related to the new program. From May 14, 2018 through May 13, 2019, the Company purchased 576,129 shares of our common stock for $1.8 million or an average price $3.20 per share.

Warrants

A summary of stock warrant activity for the six months ended June 30, 2020 is presented below:

				Weighted
				Average
		Weighted		Remaining	Aggregate
	Number of	Average		Contractual	Intrinsic
	Warrants	Exercise		Life	Value
	(in thousands)	Price		(Years)	(in thousands)
Outstanding at December 31, 2019	100	$	2.63	4.77	$	525
Granted	—	$	—	—		—
Exercised	—	$	—	—		—
Forfeited	—	$	—	—		—
Outstanding and Exercisable at June 30, 2020	100	$	2.63	4.27	$	845