Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity

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Stockholders' Equity
3 Months Ended
Mar. 31, 2018
Stockholders' Equity

9. Stockholders’ Equity

Common Stock

The changes in issued and outstanding common stock during the three months ended March 31, 2018 were as follows:

 

     Shares  

Balance at January 1, 2018

     21,352,383  

Shares issued for stock-based compensation

     11,350  

Shares issued to RVL and affiliates

     1,000,000  
  

 

 

 

Balance at March 31, 2018

     22,363,733  
  

 

 

 

During the first quarter of 2018, our Chief Executive Officer purchased an additional 850,000 shares of common stock and our Chief Financial Officer purchased an additional 150,000 shares of common stock for a total of $3.6 million. At March 31, 2018, 9,670,386, or 43% of our outstanding shares were owned by RVL and its affiliates.

Preferred Stock

We are authorized to issue up to 5,000,000 shares of preferred stock. There were no shares of preferred stock outstanding at March 31, 2018.