Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity

v3.24.1.u1
Stockholders' Equity
3 Months Ended
Mar. 31, 2024
Stockholder's Equity  
Stockholder's Equity

Note 10 – Stockholder’s Equity

Preferred Stock

The Company is authorized to issue 10,000,000 shares of preferred stock with a par value of $0.0001. There were no shares of preferred stock that were issued or outstanding at March 31, 2024 or December 31, 2023.

Common Stock

Stock Purchase Program

The Company’s Board of Directors authorized a repurchase program of up to $15.0 million of outstanding common stock that was completed in December 2023. In March 2024, the Company’s Board of Directors authorized an additional $5.0 million of repurchases under this program. There were no stock repurchases in the first quarter of 2024.