14. SUBSEQUENT EVENTS

On July 4, 2025, the One Big Beautiful Bill Act (“OBBBA”) was enacted, which includes a number of federal tax law changes. Key provisions that may impact Crawford United Corporation include modifications to bonus depreciation rules and Section 174 research and development expenditure treatment. The Company is still evaluating the impact of these tax law changes on its financial statements and future tax positions, but do not believe there will be any impact related to valuations allowances. As of the date of this filing, the Company has not completed its analysis of the full impact of these provisions. Any changes resulting from the OBBBA will be reflected in the Company’s financial statements in the period in which the legislation is enacted and its effects are reasonably estimable. The Company will continue to monitor developments and assess the impact on its effective tax rate, deferred tax assets and liabilities, and overall tax planning strategy.