Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events (Details Narrative)

v3.21.1
Subsequent Events (Details Narrative) - Subsequent Event [Member]
$ / shares in Units, $ in Thousands
May 12, 2021
USD ($)
$ / shares
Exercise price of stock option $ 1.20
Stock Holders [Member]  
Cash dividend per share $ 0.30
Cash dividend | $ $ 4,500
Cash dividend payment description Our board of directors declared a special cash dividend of $0.30 per share for shareholders on record as of May 25, 2021 which will approximate $4.5 million. On the same date, the Compensation Committee of the board of directors approved an adjustment to the stock option granted to Mr. Karkus on February 23, 2018 (the “CEO Option”), as required under the Company’s 2018 Stock Plan, as a consequence of the special cash dividend. The board of directors has adjusted the terms of the CEO Stock Option, such that the exercise price of the CEO Option will be reduced from $1.50 per share to $1.20 per share, effective as of June 3, 2021, the date the special cash dividend is to be paid.