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SHARE REPURCHASE PROGRAM AND SHARE REPURCHASES
6 Months Ended
Jun. 30, 2025
SHARE REPURCHASE PROGRAM AND SHARE REPURCHASES [Abstract]  
SHARE REPURCHASE PROGRAM AND SHARE REPURCHASES
7. SHARE REPURCHASE PROGRAM AND SHARE REPURCHASES

On August 8, 2022, the Board of Directors approved a new program to repurchase up to $5.0 million of the Company’s common stock between that date and August 31, 2024. As of August 31, 2024, the Company had purchased less than $10,000 of shares under this plan.

On September 17, 2024, the Board of Directors approved the renewal of the stock repurchase plan and the Company was authorized to repurchase up to $5 million (at then-current market value) of the Company’s common stock in open-market transactions at prevailing market prices upon periodic instructions from the Board or an authorized sub-committee of the Board until September 30, 2026. As of June 30, 2025, $5.0 million remained available for repurchase under this new program.