Note 12 - Commitments and Contingencies |
12 Months Ended |
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Dec. 31, 2025 | |
| Notes to Financial Statements | |
| Commitments and Contingencies Disclosure [Text Block] |
12. COMMITMENTS AND CONTINGENCIES
Environmental Matters
The Company is subject to federal, state and local environmental laws and regulations. The Company does not anticipate any expenditures to comply with such laws and regulations that would have a material impact on the Company’s consolidated financial position, results of operations or liquidity. The Company believes that its operations comply, in all material respects, with applicable federal, state and local environmental laws and regulations.
Litigation, Claims and Contingencies
The Company may become party to various legal actions that arise in the ordinary course of its business. The Company is also subject to audit by tax and other authorities for varying periods in various federal, state and local jurisdictions, and disputes may arise during the course of these audits. It is impossible to determine the ultimate liabilities that the Company may incur resulting from any of these lawsuits, claims, proceedings, audits, commitments, contingencies and related matters or the timing of these liabilities, if any. If these matters were to ultimately be resolved unfavorably, it is possible that such an outcome could have a material adverse effect upon the Company’s consolidated financial position, results of operations, or liquidity. The Company does not, however, anticipate such an outcome and it believes the ultimate resolution of these matters will not have a material adverse effect on the Company’s consolidated financial position, results of operations, or liquidity. Additionally, the Company currently expenses all legal costs as they are incurred.
Other
Future capital expenditures will be dependent upon investment needs as well as the availability of additional capital at favorable terms. At December 31, 2025, we had open purchase orders of approximately $1.6 million related to future commitments for capital expenditures.
Time Charter Agreement
On December 12, 2025, the Company entered into a time charter agreement with Seaspan Energy Ltd. for the time charter of the Garibaldi, a LNG bunkering vessel, commencing in 2026. Pursuant to the time charter agreement, Stabilis GDS will pay the owners a daily rate of $32,400 for 730 days ( years) beginning on the delivery date of the Garibaldi to the Company which is anticipated in early 2026.
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