On August 22, 2011, the Company announced that its Board of Directors approved a share repurchase program to repurchase up to $2,000,000 of shares of its common stock over the next 12 months ("Share Repurchase Program").  On June 17, 2015, the Board of Directors authorized its fifth increase to the Share Repurchase Program authorizing the repurchase of up to an additional $2.0 million of shares of common stock over the subsequent 12 month period (for a total of up to $14 million since inception of the program in August 2011).  The common stock may be repurchased from time to time in open market transactions or privately negotiated transactions in the Company’s discretion.  The timing and amount of the shares repurchased is determined by management based on its evaluation of market conditions and other factors. The Share Repurchase Program may be increased, suspended or discontinued at any time.  Since inception of the Share Repurchase Program through June 30, 2015, the Company has repurchased an aggregate of 6,782,268 shares of its common stock at an average price per share of $1.64 or an aggregate cost of $11,131,253 (exclusive of commissions).  During the three month period ended June 30, 2015, the Company repurchased 254,600 shares of its common stock at an average price per share of $2.00 or an aggregate cost of $508,796 (exclusive of commissions).  During the six month period ended June 30, 2015, the Company repurchased 1,083,200 shares of its common stock at an average price per share of $2.19 or an aggregate cost of $2,374,146 (exclusive of commissions). All such repurchased shares have been cancelled.