Annual report pursuant to Section 13 and 15(d)

RELATED PARTY TRANSACTIONS

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RELATED PARTY TRANSACTIONS
12 Months Ended
Dec. 31, 2015
Notes to Financial Statements  
NOTE M - RELATED PARTY TRANSACTIONS

On April 14, 2014, the Company repurchased 10,456 shares of its common stock from its Executive Vice President and 31,784 shares of its common stock from a daughter of the Company's Chief Financial Officer, each at a purchase price of $1.64 per share or an aggregate consideration of $69,274.