Common Stock	12 Months Ended
Dec. 31, 2019
Equity [Abstract]
Common Stock	6. COMMON STOCK Effective January 1, 2006, the Company adopted ASC Topic 718-10, "Share-Based Payment". ASC Topic 718-10 requires compensation costs related to share-based payments to be recognized in the income statement over the requisite service period. The amount of the compensation cost is to be measured based on the grant date fair value of the instrument issued. ASC Topic 718-10 is effective for awards granted or modified after the date of adoption and for awards granted prior to that date that have not vested. ASC Topic 718-10 does not materially change the Company's existing accounting practices or the amount of share-based compensation recognized in earnings. During the three year period ending December 31, 2019, the Company did not issue any compensation related to share-based payments. The Company has not approved nor authorized any standing repurchase program for its common stock. During the fourth quarter of the fiscal year ended December 31, 2018, the Company made the following repurchase of its common stock: Effective December 6, 2018, the Company repurchased 126,667 shares of its common stock as a one-time transaction for a purchase price of $269,801 or $2.13 per share. The repurchased shares are held as Treasury Stock.

Common Stock

12 Months Ended

Dec. 31, 2019

6. COMMON STOCK

Effective January 1, 2006, the Company adopted ASC Topic 718-10, "Share-Based Payment". ASC Topic 718-10 requires compensation costs related to share-based payments to be recognized in the income statement over the requisite service period. The amount of the compensation cost is to be measured based on the grant date fair value of the instrument issued. ASC Topic 718-10 is effective for awards granted or modified after the date of adoption and for awards granted prior to that date that have not vested. ASC Topic 718-10 does not materially change the Company's existing accounting practices or the amount of share-based compensation recognized in earnings.

During the three year period ending December 31, 2019, the Company did not issue any compensation related to share-based payments.

The Company has not approved nor authorized any standing repurchase program for its common stock.

During the fourth quarter of the fiscal year ended December 31, 2018, the Company made the following repurchase of its common stock:

Effective December 6, 2018, the Company repurchased 126,667 shares of its common stock as a one-time transaction for a purchase price of $269,801 or $2.13 per share.

The repurchased shares are held as Treasury Stock.