Quarterly report [Sections 13 or 15(d)]

Note 15 - Stockholders' Equity

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Note 15 - Stockholders' Equity
 6 Months Ended
May 31, 2025
Notes to Financial Statements  
Equity [Text Block]

15.

STOCKHOLDERS' EQUITY

 

Stock Buyback Program

On July 31, 2024, the Company's Board of Directors approved a plan to buy back up to $10 million worth of shares of Common Stock (the “Stock Buyback Program”).  The Company's Stock Buyback Plan is intended to return capital to shareholders and to minimize the dilutive impact of stock options and other share-based awards.  The Stock Buyback Program will expire on the sooner of the two-year anniversary of its initiation or until the Company reaches the aggregate limit of $10 million for the repurchases under the program.  The repurchased shares are recorded as part of treasury stock and are accounted for under the cost method. In the three and six months ended May 31, 2025, the Company repurchased 3,927 shares of common stock for $0.05 million. As of May 31, 2025, 353,157 shares of common stock have been repurchased for $3.8 million.

 

   

Number of Shares

    

Cost of Shares

    

Average Cost per Share

  

Shares purchased - March 2024

     21,905     $ 253,003     $ 11.6  

Shares purchased - August 2024

     291,141       2,994,296       10.3  

Shares purchased - September 2024

     506       5,695       11.3  

Shares purchased - October 2024

     35,678       499,997       14.0  

Shares purchased - April 2025

     3,927       54,940       14.0  

Total

     353,157     $ 3,807,931     $ 10.8