v3.25.3
SUPPLIER FINANCING PROGRAM
9 Months Ended
Sep. 30, 2025
SUPPLIER FINANCING PROGRAM  
SUPPLIER FINANCING PROGRAM

NOTE 14 SUPPLIER FINANCING PROGRAM

The Company’s suppliers, at the supplier’s sole discretion, are able to factor receivables due from the Company to a financial institution on terms directly negotiated with the financial institution without affecting the Company’s balance sheet classification of the corresponding payable. The Company pays the financial institution the stated amount of the confirmed invoices from its designated suppliers on the original maturity dates of the invoices. At September 30, 2025 and December 31, 2024, Trade accounts payable included $36,599 and $29,164, respectively, payable to suppliers that have elected to participate in the supplier financing program.