Quarterly report [Sections 13 or 15(d)]

Stockholders' Equity

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Stockholders' Equity
 9 Months Ended
Sep. 30, 2024
Stockholders' Equity [Abstract]  
STOCKHOLDERS’ EQUITY
N. STOCKHOLDERS’ EQUITY:

 

Stock Repurchase Program

 

On February 21, 2022, the Board of Directors of the Company authorized a repurchase of up to $10,000 of the Company’s shares from time to pursuant to a stock repurchase program, or the Repurchase Program. Under the terms of the Repurchase Program, the Company may repurchase shares through open market or negotiated private transactions. The timing and extent of any purchases depend upon ongoing assessments of the Company’s capital needs, market conditions and the price of the Company’s common stock, and other corporate considerations, as determined by management, and are subject to the restrictions relating to volume, price and timing under applicable laws, including but not limited to, Rule 10b-18 promulgated under the Exchange Act. The Repurchase Plan was terminated in June 2024.

 

Below is a table containing information about purchases made by the company:

 

Period   Total Number
of Shares
Purchased		     Average Price
Paid per Share		     Total Number of
Shares Purchased
as Part of Publicly
Announced Plans
or Programs		     Maximum
Approximate Dollar
Value of Shares
that May Yet be
Purchased Under
the Plans or
Programs		  
January 1, 2023 - September 30, 2023     19,502     $ 1.22       1,797,159     $ 6,643,289