On December 7, 2016, the Board of Directors of the Company approved the initiation of a dividend policy which provided for the payment (in March and September of each year) of a semi-annual cash dividend of $0.05 per common share ($0.10 per common share annually) commencing in 2017. In 2018 and 2019 the Company paid semi-annual cash dividends aggregating $0.10 per common share consistent with its dividend policy. It was anticipated that the semi-annual cash dividend would continue to be paid through March 7, 2020 (the expiration of the Company s Remote Power Patent) provided that the Company continued to receive royalties from licensees of its Remote Power Patent. The Board of Directors is reviewing the Company s dividend policy. The Company s dividend policy undergoes a periodic review by its Board of Directors and is subject to change at any time depending on the Company s earnings, financial requirements and other factors existing at the time.