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Note 1 – Summary of Significant Accounting Policies Organization Utah Medical Products, Inc. with headquarters in Midvale, Utah and its wholly-owned operating subsidiaries, Femcare Limited located in Romsey, Hampshire, England, Femcare Australia Pty Ltd located in Castle Hill, NSW, Australia, Utah Medical Products Canada, Inc. (dba Femcare Canada) located in Mississauga, Ontario, Canada and Utah Medical Products Ltd., which operates a manufacturing facility in Athlone, Ireland, (in the aggregate, the Company) are in the primary business of developing, manufacturing and globally distributing specialized medical devices for the healthcare industry. The Company’s broad range of products includes those used in critical care areas and the labor and delivery departments of hospitals, as well as outpatient clinics and physicians’ offices. Products are sold directly to end-user facilities in the U.S., Ireland, UK, Canada, France and Australia, and through third party distributors in other outside the U.S. (OUS) markets. Domestically, until February 1, 2019, Femcare Ltd had an exclusive U.S. distribution relationship with CooperSurgical, Inc. (CSI) for the Filshie Clip System. UTMD also sells subcontract manufactured components and finished products to over 130 companies in the U.S. for their medical and non-medical products. Use of Estimates in the Preparation of Financial Statements The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Although actual results could differ from those estimates, management believes it has considered and disclosed all relevant information in making its estimates that materially affect reported performance and current values. Principles of Consolidation The consolidated financial statements include those of the Company and its subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. Cash and Cash Equivalents For purposes of the consolidated statement of cash flows, the Company considers cash on deposit and short-term investments with original maturities of three months or less to be cash and cash equivalents. Concentration of Credit Risk The primary concentration of credit risk consists of trade receivables. In the normal course of business, the Company provides credit terms to its customers. Accordingly, the Company performs ongoing credit evaluations of its customers and maintains allowances for possible losses which, when realized, have been within the range of management's expectations as reflected by its reserves. The Company's customer base consists of hospitals, medical device distributors, physician practices and others directly related to healthcare providers, as well as other manufacturing companies. Although the Company is affected by the well-being of the global healthcare industry, management does not believe significant trade receivable credit risk exists at December 31, 2025 except under an extreme global financial crisis. The Company maintains its cash in bank deposit accounts in addition to Fidelity Investment money market accounts. The Company has not experienced any losses in such accounts and believes it is not exposed to a significant credit risk on cash and cash equivalent balances. Accounts Receivable Accounts receivable are amounts due on product sales and are unsecured. Accounts receivable are carried at their estimated collectible amounts. Credit is generally extended on a short-term basis; thus, accounts receivable do not bear interest although a late charge may be applied to such receivables that are past the due date. Accounts receivable are periodically evaluated for collectability based on past credit history of customers and current market conditions. Provisions for losses on accounts receivable are determined on the basis of loss experience, known and inherent risk in the account balance and current economic conditions (see note 2). Inventories Finished products, work-in-process, raw materials and supplies inventories are stated at the lower of cost and net realizable value (NRV) computed on a first-in, first-out method. Net realizable value is the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation (see note 2). Property and Equipment Property and equipment are stated at cost. Depreciation and amortization are computed using the straight-line method over estimated useful lives as follows: <table style="border-collapse:collapse;width:100%"><tr><td style="background-color:#CCEEFF;width:75.82%" valign="top">Building and improvements </td><td style="background-color:#CCEEFF;width:24.18%" valign="top">15-40 years </td></tr> <tr><td style="width:75.82%" valign="top">Furniture, equipment and tooling </td><td style="width:24.18%" valign="top">3-10 years </td></tr> </table> Long-Lived Assets The Company evaluates its long-lived assets in accordance with Accounting Standards Codification (ASC) 360, “Accounting for the Impairment of Long-Lived Assets.” Long-lived assets held and used by the Company are reviewed for impairment whenever events or changes in circumstances indicate that their net book value may not be recoverable. When such factors and circumstances exist, the Company compares the projected undiscounted future cash flows associated with the related asset or group of assets over their estimated useful lives against their respective carrying amounts. Impairment, if any, is based on the excess of the carrying amount over the fair value of those assets and is recorded in the period in which the determination was made. Intangible Assets Costs associated with the acquisition of patents, trademarks, trade names, customer relationships, regulatory approvals & product certifications, license rights and non-compete agreements are capitalized, and are being amortized using the straight-line method over periods ranging from 5 to 20 years. UTMD’s goodwill is tested for impairment annually, in the fourth quarter of each year, in accordance with ASC 350. UTMD also performs impairment tests contemporaneously, if circumstances change that would more than likely reduce the fair value of goodwill below its net book value. If UTMD determines that its goodwill is impaired, a second step is completed to measure the amount of the impairment loss. UTMD does not expect its goodwill to become impaired in the foreseeable future. Estimated future amortization expenses on intangible assets held as of December 31, 2025, using the 2025 year-end 1.3445 USD/GBP and .6668 USD/AUD currency exchange rates, is about $433 in 2026, $12 in 2027, $10 in 2028, $9 in 2029, and $9 in 2030 (see note 2). Stock-Based Compensation At December 31, 2025, the Company has stock-based employee compensation plans, which are described more fully in note 8. The Company accounts for stock compensation under ASC 718, Share-Based Payment. This statement requires the Company to recognize compensation cost based on the grant date fair value of options granted to employees and directors. In 2025, the Company recognized $373 in stock-based compensation cost compared to $255 in 2024 and $225 in 2023. Revenue Recognition The Company recognizes revenue at the time of product shipment as UTMD meets its contractual performance obligations to the customer at the time of shipment. Revenue recognized by UTMD is based upon the consideration to which UTMD is entitled from its customers as a result of shipping a physical product, in accordance with the documented arrangements and fixed contracts in which the selling price was fixed prior to the Company’s acceptance of an order. Revenue from service sales, which are immaterial to UTMD, is generally recognized when the service is completed and invoiced. As demonstrated by decades of experience in successful and consistent collections, there is very minor and insignificant uncertainty regarding the collectability of invoiced amounts reasonably within the terms of the Company’s contracts. There are circumstances under which insignificant revenue may be recognized when product is not shipped, which meet the criteria of ASC 606: the Company provides engineering services, for example, design and production of manufacturing tooling that may be used in subsequent UTMD manufacturing of custom components for other companies. This revenue is recognized when UTMD’s performance obligations have been completed according to a fixed contractual agreement. UTMD includes handling fees charged to customers in revenues. Income Taxes The Company accounts for income taxes under ASC 740, “Accounting for Income Taxes,” whereby deferred taxes are computed under the asset and liability method. The Company accounts for deferred taxes under ASC 740, “Accounting for Income Taxes”, which requires that all deferred income taxes are classified as noncurrent in a classified statement of financial position. The TCJA contains a deemed repatriation transition tax (REPAT tax) on accumulated earnings and profits of the Company’s non-U.S. subsidiaries that have not been subject to U.S. tax. The Company has elected to pay its net REPAT tax over eight years. The Company or one of its subsidiaries files income tax returns in the U.S. federal jurisdiction, in Utah, in the United Kingdom, in Australia, in Ireland and in Canada. The Company recognizes interest accrued related to unrecognized tax benefits in interest expense and any related penalties in income taxes. The Company did not have any tax penalties in 2025, 2024 or 2023. Legal Costs The Company has been involved in lawsuits which are an expected consequence of its operations and in the ordinary course of business. The Company maintains a reserve for legal costs which are probable and estimated based on previous experience and known risk. The reserve for legal costs at December 31, 2025 and 2024 was $68 and $111, respectively (see note 2). Earnings per Share The computation of basic earnings per common share is based on the weighted average number of shares outstanding during each year. The computation of earnings per common share assuming dilution is based on the weighted average number of shares outstanding during the year plus the weighted average common stock equivalents which would arise from the exercise of stock options outstanding using the treasury stock method and the average market price per share during the year. The shares (in thousands) used in the computation of the Company’s basic and diluted earnings per share are reconciled as follows: <table style="border-collapse:collapse"><tr><td style="width:283pt" valign="top"></td><td style="width:72.25pt" valign="top">2025 </td><td style="width:62.8pt" valign="top">2024 </td><td style="width:64.35pt" valign="top">2023 </td></tr> <tr><td style="background-color:#CCEEFF;width:283pt" valign="top">Weighted average number of shares outstanding – basic </td><td style="background-color:#CCEEFF;width:72.25pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">3,240</kbd> </td><td style="background-color:#CCEEFF;width:62.8pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:56pt">3,503</kbd> </td><td style="background-color:#CCEEFF;width:64.35pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:57pt">3,629</kbd> </td></tr> <tr><td style="width:283pt" valign="top">Dilutive effect of stock options </td><td style="width:72.25pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">-</kbd> </td><td style="width:62.8pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:56pt">-</kbd> </td><td style="width:64.35pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:57pt">8</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:283pt" valign="top">Weighted average number of shares outstanding, assuming dilution </td><td style="background-color:#CCEEFF;width:72.25pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">3,240</kbd> </td><td style="background-color:#CCEEFF;width:62.8pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:56pt">3,503</kbd> </td><td style="background-color:#CCEEFF;width:64.35pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:57pt">3,637</kbd> </td></tr> </table> Presentation of Sales and Similar Taxes Sales tax on revenue-producing transactions is recorded as a liability when the sale occurs. UTMD is not required to withhold sales tax on OUS sales, and at least 90% of domestic 2025 sales were to customers who are tax exempt or who are in jurisdictions where UTMD is not required to withhold sales tax. Translation of Foreign Currencies Assets and liabilities of the Company’s foreign subsidiaries are translated into U.S. dollars at the applicable exchange rates at year-end. Net gains or losses resulting from the translation of the Company’s assets and liabilities are reflected as a separate component of stockholders’ equity. A negative translation impact on stockholders’ equity reflects a current relative U.S. Dollar value higher than at the point in time that assets were actually acquired in a foreign currency. A positive translation impact would result from a U.S. dollar weaker in value than at the point in time foreign assets were acquired. Year-end translation gains or losses of non-functional currency bank account balances, e.g. EUR and AUD balances held by the UK subsidiary, are recognized as non-operating income or expense, as applicable. Income and expense items are translated at the weighted average rate of exchange (based on when transactions actually occurred) during the year.

Use of Estimates in the Preparation of Financial Statements The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Although actual results could differ from those estimates, management believes it has considered and disclosed all relevant information in making its estimates that materially affect reported performance and current values.

Principles of Consolidation The consolidated financial statements include those of the Company and its subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation.

Cash and Cash Equivalents For purposes of the consolidated statement of cash flows, the Company considers cash on deposit and short-term investments with original maturities of three months or less to be cash and cash equivalents.

Concentration of Credit Risk The primary concentration of credit risk consists of trade receivables. In the normal course of business, the Company provides credit terms to its customers. Accordingly, the Company performs ongoing credit evaluations of its customers and maintains allowances for possible losses which, when realized, have been within the range of management's expectations as reflected by its reserves. The Company's customer base consists of hospitals, medical device distributors, physician practices and others directly related to healthcare providers, as well as other manufacturing companies. Although the Company is affected by the well-being of the global healthcare industry, management does not believe significant trade receivable credit risk exists at December 31, 2025 except under an extreme global financial crisis. The Company maintains its cash in bank deposit accounts in addition to Fidelity Investment money market accounts. The Company has not experienced any losses in such accounts and believes it is not exposed to a significant credit risk on cash and cash equivalent balances.

Accounts Receivable Accounts receivable are amounts due on product sales and are unsecured. Accounts receivable are carried at their estimated collectible amounts. Credit is generally extended on a short-term basis; thus, accounts receivable do not bear interest although a late charge may be applied to such receivables that are past the due date. Accounts receivable are periodically evaluated for collectability based on past credit history of customers and current market conditions. Provisions for losses on accounts receivable are determined on the basis of loss experience, known and inherent risk in the account balance and current economic conditions (see note 2).

Inventories Finished products, work-in-process, raw materials and supplies inventories are stated at the lower of cost and net realizable value (NRV) computed on a first-in, first-out method. Net realizable value is the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation (see note 2).

Property and Equipment Property and equipment are stated at cost. Depreciation and amortization are computed using the straight-line method over estimated useful lives as follows: <table style="border-collapse:collapse;width:100%"><tr><td style="background-color:#CCEEFF;width:75.82%" valign="top">Building and improvements </td><td style="background-color:#CCEEFF;width:24.18%" valign="top">15-40 years </td></tr> <tr><td style="width:75.82%" valign="top">Furniture, equipment and tooling </td><td style="width:24.18%" valign="top">3-10 years </td></tr> </table>

P15Y

P40Y

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Long-Lived Assets The Company evaluates its long-lived assets in accordance with Accounting Standards Codification (ASC) 360, “Accounting for the Impairment of Long-Lived Assets.” Long-lived assets held and used by the Company are reviewed for impairment whenever events or changes in circumstances indicate that their net book value may not be recoverable. When such factors and circumstances exist, the Company compares the projected undiscounted future cash flows associated with the related asset or group of assets over their estimated useful lives against their respective carrying amounts. Impairment, if any, is based on the excess of the carrying amount over the fair value of those assets and is recorded in the period in which the determination was made.

Intangible Assets Costs associated with the acquisition of patents, trademarks, trade names, customer relationships, regulatory approvals & product certifications, license rights and non-compete agreements are capitalized, and are being amortized using the straight-line method over periods ranging from 5 to 20 years. UTMD’s goodwill is tested for impairment annually, in the fourth quarter of each year, in accordance with ASC 350. UTMD also performs impairment tests contemporaneously, if circumstances change that would more than likely reduce the fair value of goodwill below its net book value. If UTMD determines that its goodwill is impaired, a second step is completed to measure the amount of the impairment loss. UTMD does not expect its goodwill to become impaired in the foreseeable future. Estimated future amortization expenses on intangible assets held as of December 31, 2025, using the 2025 year-end 1.3445 USD/GBP and .6668 USD/AUD currency exchange rates, is about $433 in 2026, $12 in 2027, $10 in 2028, $9 in 2029, and $9 in 2030 (see note 2).

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10000

9000

Stock-Based Compensation At December 31, 2025, the Company has stock-based employee compensation plans, which are described more fully in note 8. The Company accounts for stock compensation under ASC 718, Share-Based Payment. This statement requires the Company to recognize compensation cost based on the grant date fair value of options granted to employees and directors. In 2025, the Company recognized $373 in stock-based compensation cost compared to $255 in 2024 and $225 in 2023.

373000

255000

225000

Revenue Recognition The Company recognizes revenue at the time of product shipment as UTMD meets its contractual performance obligations to the customer at the time of shipment. Revenue recognized by UTMD is based upon the consideration to which UTMD is entitled from its customers as a result of shipping a physical product, in accordance with the documented arrangements and fixed contracts in which the selling price was fixed prior to the Company’s acceptance of an order. Revenue from service sales, which are immaterial to UTMD, is generally recognized when the service is completed and invoiced. As demonstrated by decades of experience in successful and consistent collections, there is very minor and insignificant uncertainty regarding the collectability of invoiced amounts reasonably within the terms of the Company’s contracts. There are circumstances under which insignificant revenue may be recognized when product is not shipped, which meet the criteria of ASC 606: the Company provides engineering services, for example, design and production of manufacturing tooling that may be used in subsequent UTMD manufacturing of custom components for other companies. This revenue is recognized when UTMD’s performance obligations have been completed according to a fixed contractual agreement. UTMD includes handling fees charged to customers in revenues.

Income Taxes The Company accounts for income taxes under ASC 740, “Accounting for Income Taxes,” whereby deferred taxes are computed under the asset and liability method. The Company accounts for deferred taxes under ASC 740, “Accounting for Income Taxes”, which requires that all deferred income taxes are classified as noncurrent in a classified statement of financial position. The TCJA contains a deemed repatriation transition tax (REPAT tax) on accumulated earnings and profits of the Company’s non-U.S. subsidiaries that have not been subject to U.S. tax. The Company has elected to pay its net REPAT tax over eight years. The Company or one of its subsidiaries files income tax returns in the U.S. federal jurisdiction, in Utah, in the United Kingdom, in Australia, in Ireland and in Canada. The Company recognizes interest accrued related to unrecognized tax benefits in interest expense and any related penalties in income taxes. The Company did not have any tax penalties in 2025, 2024 or 2023.

Legal Costs The Company has been involved in lawsuits which are an expected consequence of its operations and in the ordinary course of business. The Company maintains a reserve for legal costs which are probable and estimated based on previous experience and known risk. The reserve for legal costs at December 31, 2025 and 2024 was $68 and $111, respectively (see note 2).

68000

111000

Earnings per Share The computation of basic earnings per common share is based on the weighted average number of shares outstanding during each year. The computation of earnings per common share assuming dilution is based on the weighted average number of shares outstanding during the year plus the weighted average common stock equivalents which would arise from the exercise of stock options outstanding using the treasury stock method and the average market price per share during the year. The shares (in thousands) used in the computation of the Company’s basic and diluted earnings per share are reconciled as follows: <table style="border-collapse:collapse"><tr><td style="width:283pt" valign="top"></td><td style="width:72.25pt" valign="top">2025 </td><td style="width:62.8pt" valign="top">2024 </td><td style="width:64.35pt" valign="top">2023 </td></tr> <tr><td style="background-color:#CCEEFF;width:283pt" valign="top">Weighted average number of shares outstanding – basic </td><td style="background-color:#CCEEFF;width:72.25pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">3,240</kbd> </td><td style="background-color:#CCEEFF;width:62.8pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:56pt">3,503</kbd> </td><td style="background-color:#CCEEFF;width:64.35pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:57pt">3,629</kbd> </td></tr> <tr><td style="width:283pt" valign="top">Dilutive effect of stock options </td><td style="width:72.25pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">-</kbd> </td><td style="width:62.8pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:56pt">-</kbd> </td><td style="width:64.35pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:57pt">8</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:283pt" valign="top">Weighted average number of shares outstanding, assuming dilution </td><td style="background-color:#CCEEFF;width:72.25pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">3,240</kbd> </td><td style="background-color:#CCEEFF;width:62.8pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:56pt">3,503</kbd> </td><td style="background-color:#CCEEFF;width:64.35pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:57pt">3,637</kbd> </td></tr> </table>

<table style="border-collapse:collapse"><tr><td style="width:283pt" valign="top"></td><td style="width:72.25pt" valign="top">2025 </td><td style="width:62.8pt" valign="top">2024 </td><td style="width:64.35pt" valign="top">2023 </td></tr> <tr><td style="background-color:#CCEEFF;width:283pt" valign="top">Weighted average number of shares outstanding – basic </td><td style="background-color:#CCEEFF;width:72.25pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">3,240</kbd> </td><td style="background-color:#CCEEFF;width:62.8pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:56pt">3,503</kbd> </td><td style="background-color:#CCEEFF;width:64.35pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:57pt">3,629</kbd> </td></tr> <tr><td style="width:283pt" valign="top">Dilutive effect of stock options </td><td style="width:72.25pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">-</kbd> </td><td style="width:62.8pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:56pt">-</kbd> </td><td style="width:64.35pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:57pt">8</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:283pt" valign="top">Weighted average number of shares outstanding, assuming dilution </td><td style="background-color:#CCEEFF;width:72.25pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">3,240</kbd> </td><td style="background-color:#CCEEFF;width:62.8pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:56pt">3,503</kbd> </td><td style="background-color:#CCEEFF;width:64.35pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:57pt">3,637</kbd> </td></tr> </table>

3240000

3503000

3629000

8000

3240000

3503000

3637000

Presentation of Sales and Similar Taxes Sales tax on revenue-producing transactions is recorded as a liability when the sale occurs. UTMD is not required to withhold sales tax on OUS sales, and at least 90% of domestic 2025 sales were to customers who are tax exempt or who are in jurisdictions where UTMD is not required to withhold sales tax.

Translation of Foreign Currencies Assets and liabilities of the Company’s foreign subsidiaries are translated into U.S. dollars at the applicable exchange rates at year-end. Net gains or losses resulting from the translation of the Company’s assets and liabilities are reflected as a separate component of stockholders’ equity. A negative translation impact on stockholders’ equity reflects a current relative U.S. Dollar value higher than at the point in time that assets were actually acquired in a foreign currency. A positive translation impact would result from a U.S. dollar weaker in value than at the point in time foreign assets were acquired. Year-end translation gains or losses of non-functional currency bank account balances, e.g. EUR and AUD balances held by the UK subsidiary, are recognized as non-operating income or expense, as applicable. Income and expense items are translated at the weighted average rate of exchange (based on when transactions actually occurred) during the year.

Note 2 – Detail of Certain Balance Sheet Accounts <table style="border-collapse:collapse"><tr><td style="width:31.55pt" valign="top"> </td><td style="width:31.45pt" valign="top"> </td><td style="width:236pt" valign="top"> </td><td style="width:15.15pt" valign="top"> </td><td colspan="3" style="width:152.6pt" valign="top">December 31, </td><td style="width:15.65pt" valign="top"> </td></tr> <tr><td colspan="3" style="width:299pt" valign="top"></td><td style="width:15.15pt" valign="top"> </td><td style="width:65.5pt" valign="top">2025 </td><td style="width:13.8pt" valign="top"> </td><td style="width:73.3pt" valign="top">2024 </td><td style="width:15.65pt" valign="top"> </td></tr> <tr><td colspan="3" style="background-color:#CCEEFF;width:299pt" valign="top">Accounts and other receivables: </td><td style="background-color:#CCEEFF;width:15.15pt" valign="top"> </td><td style="background-color:#CCEEFF;width:65.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:13.8pt" valign="top"> </td><td style="background-color:#CCEEFF;width:73.3pt" valign="top"> </td><td style="background-color:#CCEEFF;width:15.65pt" valign="top"> </td></tr> <tr><td style="width:31.55pt" valign="top"> </td><td colspan="2" style="width:267.45pt" valign="top">Accounts receivable </td><td style="width:15.15pt" valign="top"> </td><td style="width:65.5pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:59pt">4,035 </kbd> </td><td style="width:13.8pt" valign="top"> </td><td style="width:73.3pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">4,239 </kbd> </td><td style="width:15.65pt" valign="top"> </td></tr> <tr><td style="background-color:#CCEEFF;width:31.55pt" valign="top"> </td><td colspan="2" style="background-color:#CCEEFF;width:267.45pt" valign="top">Accrued interest and other </td><td style="background-color:#CCEEFF;width:15.15pt" valign="top"> </td><td style="background-color:#CCEEFF;width:65.5pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:59pt">2 </kbd> </td><td style="background-color:#CCEEFF;width:13.8pt" valign="top"> </td><td style="background-color:#CCEEFF;width:73.3pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">(2)</kbd> </td><td style="background-color:#CCEEFF;width:15.65pt" valign="top"> </td></tr> <tr><td style="width:31.55pt" valign="top"> </td><td colspan="2" style="width:267.45pt" valign="top">Less allowance for doubtful accounts </td><td style="width:15.15pt" valign="top"> </td><td style="width:65.5pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:59pt">(515)</kbd> </td><td style="width:13.8pt" valign="top"> </td><td style="width:73.3pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">(143)</kbd> </td><td style="width:15.65pt" valign="top"> </td></tr> <tr><td style="background-color:#CCEEFF;width:31.55pt" valign="top"> </td><td style="background-color:#CCEEFF;width:31.45pt" valign="top"> </td><td style="background-color:#CCEEFF;width:236pt" valign="top">Total accounts and other receivables </td><td style="background-color:#CCEEFF;width:15.15pt" valign="top"> </td><td style="background-color:#CCEEFF;width:65.5pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:59pt">3,522 </kbd> </td><td style="background-color:#CCEEFF;width:13.8pt" valign="top"> </td><td style="background-color:#CCEEFF;width:73.3pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">4,094 </kbd> </td><td style="background-color:#CCEEFF;width:15.65pt" valign="top"> </td></tr> <tr><td style="width:31.55pt" valign="top"> </td><td style="width:31.45pt" valign="top"> </td><td style="width:236pt" valign="top"> </td><td style="width:15.15pt" valign="top"> </td><td style="width:65.5pt;border-top:0.5pt solid #000000" valign="top"> </td><td style="width:13.8pt" valign="top"> </td><td style="width:73.3pt;border-top:0.5pt solid #000000" valign="top"> </td><td style="width:15.65pt" valign="top"> </td></tr> <tr><td colspan="3" style="background-color:#CCEEFF;width:299pt" valign="top">Inventories: </td><td style="background-color:#CCEEFF;width:15.15pt" valign="top"> </td><td style="background-color:#CCEEFF;width:65.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:13.8pt" valign="top"> </td><td style="background-color:#CCEEFF;width:73.3pt" valign="top"> </td><td style="background-color:#CCEEFF;width:15.65pt" valign="top"> </td></tr> <tr><td style="width:31.55pt" valign="top"> </td><td colspan="2" style="width:267.45pt" valign="top">Finished products </td><td style="width:15.15pt" valign="top"> </td><td style="width:65.5pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:59pt">1,223 </kbd> </td><td style="width:13.8pt" valign="top"> </td><td style="width:73.3pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">1,913 </kbd> </td><td style="width:15.65pt" valign="top"> </td></tr> <tr><td style="background-color:#CCEEFF;width:31.55pt" valign="top"> </td><td colspan="2" style="background-color:#CCEEFF;width:267.45pt" valign="top">Work-in-process </td><td style="background-color:#CCEEFF;width:15.15pt" valign="top"> </td><td style="background-color:#CCEEFF;width:65.5pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:59pt">1,627 </kbd> </td><td style="background-color:#CCEEFF;width:13.8pt" valign="top"> </td><td style="background-color:#CCEEFF;width:73.3pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">1,414 </kbd> </td><td style="background-color:#CCEEFF;width:15.65pt" valign="top"> </td></tr> <tr><td style="width:31.55pt" valign="top"> </td><td colspan="2" style="width:267.45pt" valign="top">Raw materials </td><td style="width:15.15pt" valign="top"> </td><td style="width:65.5pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:59pt">5,085 </kbd> </td><td style="width:13.8pt" valign="top"> </td><td style="width:73.3pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">5,485 </kbd> </td><td style="width:15.65pt" valign="top"> </td></tr> <tr><td style="background-color:#CCEEFF;width:31.55pt" valign="top"> </td><td style="background-color:#CCEEFF;width:31.45pt" valign="top"> </td><td style="background-color:#CCEEFF;width:236pt" valign="top">Total inventories </td><td style="background-color:#CCEEFF;width:15.15pt" valign="top"> </td><td style="background-color:#CCEEFF;width:65.5pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:59pt">7,935 </kbd> </td><td style="background-color:#CCEEFF;width:13.8pt" valign="top"> </td><td style="background-color:#CCEEFF;width:73.3pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">8,812 </kbd> </td><td style="background-color:#CCEEFF;width:15.65pt" valign="top"> </td></tr> <tr><td style="width:31.55pt" valign="top"> </td><td style="width:31.45pt" valign="top"> </td><td style="width:236pt" valign="top"> </td><td style="width:15.15pt" valign="top"> </td><td style="width:65.5pt;border-top:0.5pt solid #000000" valign="top"> </td><td style="width:13.8pt" valign="top"> </td><td style="width:73.3pt;border-top:0.5pt solid #000000" valign="top"> </td><td style="width:15.65pt" valign="top"> </td></tr> <tr><td colspan="3" style="background-color:#CCEEFF;width:299pt" valign="top">Goodwill: </td><td style="background-color:#CCEEFF;width:15.15pt" valign="top"> </td><td style="background-color:#CCEEFF;width:65.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:13.8pt" valign="top"> </td><td style="background-color:#CCEEFF;width:73.3pt" valign="top"> </td><td style="background-color:#CCEEFF;width:15.65pt" valign="top"> </td></tr> <tr><td style="width:31.55pt" valign="top"> </td><td colspan="2" style="width:267.45pt" valign="top">Balance as of January 1 </td><td style="width:15.15pt" valign="top"> </td><td style="width:65.5pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:59pt">13,580 </kbd> </td><td style="width:13.8pt" valign="top"> </td><td style="width:73.3pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">13,692 </kbd> </td><td style="width:15.65pt" valign="top"> </td></tr> <tr><td style="background-color:#CCEEFF;width:31.55pt" valign="top"> </td><td colspan="2" style="background-color:#CCEEFF;width:267.45pt" valign="top">Effect of foreign exchange </td><td style="background-color:#CCEEFF;width:15.15pt" valign="top"> </td><td style="background-color:#CCEEFF;width:65.5pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:59pt">472 </kbd> </td><td style="background-color:#CCEEFF;width:13.8pt" valign="top"> </td><td style="background-color:#CCEEFF;width:73.3pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">(112)</kbd> </td><td style="background-color:#CCEEFF;width:15.65pt" valign="top"> </td></tr> <tr><td style="width:31.55pt" valign="top"> </td><td colspan="2" style="width:267.45pt" valign="top">Subtractions as a result of impairment </td><td style="width:15.15pt" valign="top"> </td><td style="width:65.5pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:59pt">- </kbd> </td><td style="width:13.8pt" valign="top"> </td><td style="width:73.3pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">- </kbd> </td><td style="width:15.65pt" valign="top"> </td></tr> <tr><td style="background-color:#CCEEFF;width:31.55pt" valign="top"> </td><td style="background-color:#CCEEFF;width:31.45pt" valign="top"> </td><td style="background-color:#CCEEFF;width:236pt" valign="top">Total Goodwill as of December 31 </td><td style="background-color:#CCEEFF;width:15.15pt" valign="top"> </td><td style="background-color:#CCEEFF;width:65.5pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:59pt">14,052 </kbd> </td><td style="background-color:#CCEEFF;width:13.8pt" valign="top"> </td><td style="background-color:#CCEEFF;width:73.3pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">13,580 </kbd> </td><td style="background-color:#CCEEFF;width:15.65pt" valign="top"> </td></tr> <tr><td style="width:31.55pt" valign="top"> </td><td style="width:31.45pt" valign="top"> </td><td style="width:236pt" valign="top"> </td><td style="width:15.15pt" valign="top"> </td><td style="width:65.5pt;border-top:3px double #000000" valign="top"> </td><td style="width:13.8pt" valign="top"> </td><td style="width:73.3pt;border-top:3px double #000000" valign="top"> </td><td style="width:15.65pt" valign="top"> </td></tr> <tr><td colspan="3" style="background-color:#CCEEFF;width:299pt" valign="top">Other Identifiable Intangible Assets: </td><td style="background-color:#CCEEFF;width:15.15pt" valign="top"> </td><td style="background-color:#CCEEFF;width:65.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:13.8pt" valign="top"> </td><td style="background-color:#CCEEFF;width:73.3pt" valign="top"> </td><td style="background-color:#CCEEFF;width:15.65pt" valign="top"> </td></tr> <tr><td style="width:31.55pt" valign="top"> </td><td colspan="2" style="width:267.45pt" valign="top">Patents </td><td style="width:15.15pt" valign="top"> </td><td style="width:65.5pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:59pt">2,220 </kbd> </td><td style="width:13.8pt" valign="top"> </td><td style="width:73.3pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">2,210 </kbd> </td><td style="width:15.65pt" valign="top"> </td></tr> <tr><td style="background-color:#CCEEFF;width:31.55pt" valign="top"> </td><td colspan="2" style="background-color:#CCEEFF;width:267.45pt" valign="top">Non-compete agreements </td><td style="background-color:#CCEEFF;width:15.15pt" valign="top"> </td><td style="background-color:#CCEEFF;width:65.5pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:59pt">134 </kbd> </td><td style="background-color:#CCEEFF;width:13.8pt" valign="top"> </td><td style="background-color:#CCEEFF;width:73.3pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">125 </kbd> </td><td style="background-color:#CCEEFF;width:15.65pt" valign="top"> </td></tr> <tr><td style="width:31.55pt" valign="top"> </td><td colspan="2" style="width:267.45pt" valign="top">Trademarks & trade names </td><td style="width:15.15pt" valign="top"> </td><td style="width:65.5pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:59pt">9,865 </kbd> </td><td style="width:13.8pt" valign="top"> </td><td style="width:73.3pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">9,205 </kbd> </td><td style="width:15.65pt" valign="top"> </td></tr> <tr><td style="background-color:#CCEEFF;width:31.55pt" valign="top"> </td><td colspan="2" style="background-color:#CCEEFF;width:267.45pt" valign="top">Customer relationships </td><td style="background-color:#CCEEFF;width:15.15pt" valign="top"> </td><td style="background-color:#CCEEFF;width:65.5pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:59pt">9,613 </kbd> </td><td style="background-color:#CCEEFF;width:13.8pt" valign="top"> </td><td style="background-color:#CCEEFF;width:73.3pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">8,952 </kbd> </td><td style="background-color:#CCEEFF;width:15.65pt" valign="top"> </td></tr> <tr><td style="width:31.55pt" valign="top"> </td><td colspan="2" style="width:267.45pt" valign="top">Distribution agreements </td><td style="width:15.15pt" valign="top"> </td><td style="width:65.5pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:59pt">21,000 </kbd> </td><td style="width:13.8pt" valign="top"> </td><td style="width:73.3pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">21,000 </kbd> </td><td style="width:15.65pt" valign="top"> </td></tr> <tr><td style="background-color:#CCEEFF;width:31.55pt" valign="top"> </td><td colspan="2" style="background-color:#CCEEFF;width:267.45pt" valign="top">Right-of-Use Asset </td><td style="background-color:#CCEEFF;width:15.15pt" valign="top"> </td><td style="background-color:#CCEEFF;width:65.5pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:59pt">286 </kbd> </td><td style="background-color:#CCEEFF;width:13.8pt" valign="top"> </td><td style="background-color:#CCEEFF;width:73.3pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">338 </kbd> </td><td style="background-color:#CCEEFF;width:15.65pt" valign="top"> </td></tr> <tr><td style="width:31.55pt" valign="top"> </td><td colspan="2" style="width:267.45pt" valign="top">Regulatory approvals & product certifications </td><td style="width:15.15pt" valign="top"> </td><td style="width:65.5pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:59pt">12,823 </kbd> </td><td style="width:13.8pt" valign="top"> </td><td style="width:73.3pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">11,942 </kbd> </td><td style="width:15.65pt" valign="top"> </td></tr> <tr><td style="background-color:#CCEEFF;width:31.55pt" valign="top"> </td><td style="background-color:#CCEEFF;width:31.45pt" valign="top"> </td><td style="background-color:#CCEEFF;width:236pt" valign="top">Total Other Identifiable Intangible Assets </td><td style="background-color:#CCEEFF;width:15.15pt" valign="top"> </td><td style="background-color:#CCEEFF;width:65.5pt;border-top:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:59pt">55,941 </kbd> </td><td style="background-color:#CCEEFF;width:13.8pt" valign="top"> </td><td style="background-color:#CCEEFF;width:73.3pt;border-top:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">53,772 </kbd> </td><td style="background-color:#CCEEFF;width:15.65pt" valign="top"> </td></tr> <tr><td style="width:31.55pt" valign="top"> </td><td colspan="2" style="width:267.45pt" valign="top">Accumulated amortization </td><td style="width:15.15pt" valign="top"> </td><td style="width:65.5pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:59pt">(55,101)</kbd> </td><td style="width:13.8pt" valign="top"> </td><td style="width:73.3pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">(50,907)</kbd> </td><td style="width:15.65pt" valign="top"> </td></tr> <tr><td style="background-color:#CCEEFF;width:31.55pt" valign="top"> </td><td style="background-color:#CCEEFF;width:31.45pt" valign="top"> </td><td style="background-color:#CCEEFF;width:236pt" valign="top">Other Identifiable Intangible Assets, Net </td><td style="background-color:#CCEEFF;width:15.15pt" valign="top"> </td><td style="background-color:#CCEEFF;width:65.5pt;border-bottom:3px double #000000" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:59pt">840 </kbd> </td><td style="background-color:#CCEEFF;width:13.8pt" valign="top"> </td><td style="background-color:#CCEEFF;width:73.3pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">2,865 </kbd> </td><td style="background-color:#CCEEFF;width:15.65pt" valign="top"> </td></tr> <tr><td style="width:31.55pt" valign="top"> </td><td style="width:31.45pt" valign="top"> </td><td style="width:236pt" valign="top"> </td><td style="width:15.15pt" valign="top"> </td><td style="width:65.5pt" valign="top"> </td><td style="width:13.8pt" valign="top"> </td><td style="width:73.3pt;border-top:0.5pt solid #000000" valign="top"> </td><td style="width:15.65pt" valign="top"> </td></tr> <tr><td colspan="3" style="background-color:#CCEEFF;width:299pt" valign="top">Accrued expenses: </td><td style="background-color:#CCEEFF;width:15.15pt" valign="top"> </td><td style="background-color:#CCEEFF;width:65.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:13.8pt" valign="top"> </td><td style="background-color:#CCEEFF;width:73.3pt" valign="top"> </td><td style="background-color:#CCEEFF;width:15.65pt" valign="top"> </td></tr> <tr><td style="width:31.55pt" valign="top"> </td><td colspan="2" style="width:267.45pt" valign="top">Income taxes payable (receivable) </td><td style="width:15.15pt" valign="top"> </td><td style="width:65.5pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:59pt">(909)</kbd> </td><td style="width:13.8pt" valign="top"> </td><td style="width:73.3pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">(153)</kbd> </td><td style="width:15.65pt" valign="top"> </td></tr> <tr><td style="background-color:#CCEEFF;width:31.55pt" valign="top"> </td><td colspan="2" style="background-color:#CCEEFF;width:267.45pt" valign="top">Payroll and payroll taxes </td><td style="background-color:#CCEEFF;width:15.15pt" valign="top"> </td><td style="background-color:#CCEEFF;width:65.5pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:59pt">853 </kbd> </td><td style="background-color:#CCEEFF;width:13.8pt" valign="top"> </td><td style="background-color:#CCEEFF;width:73.3pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">1,148 </kbd> </td><td style="background-color:#CCEEFF;width:15.65pt" valign="top"> </td></tr> <tr><td style="width:31.55pt" valign="top"> </td><td colspan="2" style="width:267.45pt" valign="top">Reserve for litigation costs </td><td style="width:15.15pt" valign="top"> </td><td style="width:65.5pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:59pt">68 </kbd> </td><td style="width:13.8pt" valign="top"> </td><td style="width:73.3pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">111 </kbd> </td><td style="width:15.65pt" valign="top"> </td></tr> <tr><td style="background-color:#CCEEFF;width:31.55pt" valign="top"> </td><td colspan="2" style="background-color:#CCEEFF;width:267.45pt" valign="top">Other </td><td style="background-color:#CCEEFF;width:15.15pt" valign="top"> </td><td style="background-color:#CCEEFF;width:65.5pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:59pt">1,675 </kbd> </td><td style="background-color:#CCEEFF;width:13.8pt" valign="top"> </td><td style="background-color:#CCEEFF;width:73.3pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">1,955 </kbd> </td><td style="background-color:#CCEEFF;width:15.65pt" valign="top"> </td></tr> <tr><td style="width:31.55pt" valign="top"> </td><td style="width:31.45pt" valign="top"> </td><td style="width:236pt" valign="top">Total accrued expenses </td><td style="width:15.15pt" valign="top"> </td><td style="width:65.5pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:59pt">1,687 </kbd> </td><td style="width:13.8pt" valign="top"> </td><td style="width:73.3pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">3,061 </kbd> </td><td style="width:15.65pt" valign="top"> </td></tr> </table>

<table style="border-collapse:collapse"><tr><td style="width:31.55pt" valign="top"> </td><td style="width:31.45pt" valign="top"> </td><td style="width:236pt" valign="top"> </td><td style="width:15.15pt" valign="top"> </td><td colspan="3" style="width:152.6pt" valign="top">December 31, </td><td style="width:15.65pt" valign="top"> </td></tr> <tr><td colspan="3" style="width:299pt" valign="top"></td><td style="width:15.15pt" valign="top"> </td><td style="width:65.5pt" valign="top">2025 </td><td style="width:13.8pt" valign="top"> </td><td style="width:73.3pt" valign="top">2024 </td><td style="width:15.65pt" valign="top"> </td></tr> <tr><td colspan="3" style="background-color:#CCEEFF;width:299pt" valign="top">Accounts and other receivables: </td><td style="background-color:#CCEEFF;width:15.15pt" valign="top"> </td><td style="background-color:#CCEEFF;width:65.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:13.8pt" valign="top"> </td><td style="background-color:#CCEEFF;width:73.3pt" valign="top"> </td><td style="background-color:#CCEEFF;width:15.65pt" valign="top"> </td></tr> <tr><td style="width:31.55pt" valign="top"> </td><td colspan="2" style="width:267.45pt" valign="top">Accounts receivable </td><td style="width:15.15pt" valign="top"> </td><td style="width:65.5pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:59pt">4,035 </kbd> </td><td style="width:13.8pt" valign="top"> </td><td style="width:73.3pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">4,239 </kbd> </td><td style="width:15.65pt" valign="top"> </td></tr> <tr><td style="background-color:#CCEEFF;width:31.55pt" valign="top"> </td><td colspan="2" style="background-color:#CCEEFF;width:267.45pt" valign="top">Accrued interest and other </td><td style="background-color:#CCEEFF;width:15.15pt" valign="top"> </td><td style="background-color:#CCEEFF;width:65.5pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:59pt">2 </kbd> </td><td style="background-color:#CCEEFF;width:13.8pt" valign="top"> </td><td style="background-color:#CCEEFF;width:73.3pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">(2)</kbd> </td><td style="background-color:#CCEEFF;width:15.65pt" valign="top"> </td></tr> <tr><td style="width:31.55pt" valign="top"> </td><td colspan="2" style="width:267.45pt" valign="top">Less allowance for doubtful accounts </td><td style="width:15.15pt" valign="top"> </td><td style="width:65.5pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:59pt">(515)</kbd> </td><td style="width:13.8pt" valign="top"> </td><td style="width:73.3pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">(143)</kbd> </td><td style="width:15.65pt" valign="top"> </td></tr> <tr><td style="background-color:#CCEEFF;width:31.55pt" valign="top"> </td><td style="background-color:#CCEEFF;width:31.45pt" valign="top"> </td><td style="background-color:#CCEEFF;width:236pt" valign="top">Total accounts and other receivables </td><td style="background-color:#CCEEFF;width:15.15pt" valign="top"> </td><td style="background-color:#CCEEFF;width:65.5pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:59pt">3,522 </kbd> </td><td style="background-color:#CCEEFF;width:13.8pt" valign="top"> </td><td style="background-color:#CCEEFF;width:73.3pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">4,094 </kbd> </td><td style="background-color:#CCEEFF;width:15.65pt" valign="top"> </td></tr> <tr><td style="width:31.55pt" valign="top"> </td><td style="width:31.45pt" valign="top"> </td><td style="width:236pt" valign="top"> </td><td style="width:15.15pt" valign="top"> </td><td style="width:65.5pt;border-top:0.5pt solid #000000" valign="top"> </td><td style="width:13.8pt" valign="top"> </td><td style="width:73.3pt;border-top:0.5pt solid #000000" valign="top"> </td><td style="width:15.65pt" valign="top"> </td></tr> <tr><td colspan="3" style="background-color:#CCEEFF;width:299pt" valign="top">Inventories: </td><td style="background-color:#CCEEFF;width:15.15pt" valign="top"> </td><td style="background-color:#CCEEFF;width:65.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:13.8pt" valign="top"> </td><td style="background-color:#CCEEFF;width:73.3pt" valign="top"> </td><td style="background-color:#CCEEFF;width:15.65pt" valign="top"> </td></tr> <tr><td style="width:31.55pt" valign="top"> </td><td colspan="2" style="width:267.45pt" valign="top">Finished products </td><td style="width:15.15pt" valign="top"> </td><td style="width:65.5pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:59pt">1,223 </kbd> </td><td style="width:13.8pt" valign="top"> </td><td style="width:73.3pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">1,913 </kbd> </td><td style="width:15.65pt" valign="top"> </td></tr> <tr><td style="background-color:#CCEEFF;width:31.55pt" valign="top"> </td><td colspan="2" style="background-color:#CCEEFF;width:267.45pt" valign="top">Work-in-process </td><td style="background-color:#CCEEFF;width:15.15pt" valign="top"> </td><td style="background-color:#CCEEFF;width:65.5pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:59pt">1,627 </kbd> </td><td style="background-color:#CCEEFF;width:13.8pt" valign="top"> </td><td style="background-color:#CCEEFF;width:73.3pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">1,414 </kbd> </td><td style="background-color:#CCEEFF;width:15.65pt" valign="top"> </td></tr> <tr><td style="width:31.55pt" valign="top"> </td><td colspan="2" style="width:267.45pt" valign="top">Raw materials </td><td style="width:15.15pt" valign="top"> </td><td style="width:65.5pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:59pt">5,085 </kbd> </td><td style="width:13.8pt" valign="top"> </td><td style="width:73.3pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">5,485 </kbd> </td><td style="width:15.65pt" valign="top"> </td></tr> <tr><td style="background-color:#CCEEFF;width:31.55pt" valign="top"> </td><td style="background-color:#CCEEFF;width:31.45pt" valign="top"> </td><td style="background-color:#CCEEFF;width:236pt" valign="top">Total inventories </td><td style="background-color:#CCEEFF;width:15.15pt" valign="top"> </td><td style="background-color:#CCEEFF;width:65.5pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:59pt">7,935 </kbd> </td><td style="background-color:#CCEEFF;width:13.8pt" valign="top"> </td><td style="background-color:#CCEEFF;width:73.3pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">8,812 </kbd> </td><td style="background-color:#CCEEFF;width:15.65pt" valign="top"> </td></tr> <tr><td style="width:31.55pt" valign="top"> </td><td style="width:31.45pt" valign="top"> </td><td style="width:236pt" valign="top"> </td><td style="width:15.15pt" valign="top"> </td><td style="width:65.5pt;border-top:0.5pt solid #000000" valign="top"> </td><td style="width:13.8pt" valign="top"> </td><td style="width:73.3pt;border-top:0.5pt solid #000000" valign="top"> </td><td style="width:15.65pt" valign="top"> </td></tr> <tr><td colspan="3" style="background-color:#CCEEFF;width:299pt" valign="top">Goodwill: </td><td style="background-color:#CCEEFF;width:15.15pt" valign="top"> </td><td style="background-color:#CCEEFF;width:65.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:13.8pt" valign="top"> </td><td style="background-color:#CCEEFF;width:73.3pt" valign="top"> </td><td style="background-color:#CCEEFF;width:15.65pt" valign="top"> </td></tr> <tr><td style="width:31.55pt" valign="top"> </td><td colspan="2" style="width:267.45pt" valign="top">Balance as of January 1 </td><td style="width:15.15pt" valign="top"> </td><td style="width:65.5pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:59pt">13,580 </kbd> </td><td style="width:13.8pt" valign="top"> </td><td style="width:73.3pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">13,692 </kbd> </td><td style="width:15.65pt" valign="top"> </td></tr> <tr><td style="background-color:#CCEEFF;width:31.55pt" valign="top"> </td><td colspan="2" style="background-color:#CCEEFF;width:267.45pt" valign="top">Effect of foreign exchange </td><td style="background-color:#CCEEFF;width:15.15pt" valign="top"> </td><td style="background-color:#CCEEFF;width:65.5pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:59pt">472 </kbd> </td><td style="background-color:#CCEEFF;width:13.8pt" valign="top"> </td><td style="background-color:#CCEEFF;width:73.3pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">(112)</kbd> </td><td style="background-color:#CCEEFF;width:15.65pt" valign="top"> </td></tr> <tr><td style="width:31.55pt" valign="top"> </td><td colspan="2" style="width:267.45pt" valign="top">Subtractions as a result of impairment </td><td style="width:15.15pt" valign="top"> </td><td style="width:65.5pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:59pt">- </kbd> </td><td style="width:13.8pt" valign="top"> </td><td style="width:73.3pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">- </kbd> </td><td style="width:15.65pt" valign="top"> </td></tr> <tr><td style="background-color:#CCEEFF;width:31.55pt" valign="top"> </td><td style="background-color:#CCEEFF;width:31.45pt" valign="top"> </td><td style="background-color:#CCEEFF;width:236pt" valign="top">Total Goodwill as of December 31 </td><td style="background-color:#CCEEFF;width:15.15pt" valign="top"> </td><td style="background-color:#CCEEFF;width:65.5pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:59pt">14,052 </kbd> </td><td style="background-color:#CCEEFF;width:13.8pt" valign="top"> </td><td style="background-color:#CCEEFF;width:73.3pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">13,580 </kbd> </td><td style="background-color:#CCEEFF;width:15.65pt" valign="top"> </td></tr> <tr><td style="width:31.55pt" valign="top"> </td><td style="width:31.45pt" valign="top"> </td><td style="width:236pt" valign="top"> </td><td style="width:15.15pt" valign="top"> </td><td style="width:65.5pt;border-top:3px double #000000" valign="top"> </td><td style="width:13.8pt" valign="top"> </td><td style="width:73.3pt;border-top:3px double #000000" valign="top"> </td><td style="width:15.65pt" valign="top"> </td></tr> <tr><td colspan="3" style="background-color:#CCEEFF;width:299pt" valign="top">Other Identifiable Intangible Assets: </td><td style="background-color:#CCEEFF;width:15.15pt" valign="top"> </td><td style="background-color:#CCEEFF;width:65.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:13.8pt" valign="top"> </td><td style="background-color:#CCEEFF;width:73.3pt" valign="top"> </td><td style="background-color:#CCEEFF;width:15.65pt" valign="top"> </td></tr> <tr><td style="width:31.55pt" valign="top"> </td><td colspan="2" style="width:267.45pt" valign="top">Patents </td><td style="width:15.15pt" valign="top"> </td><td style="width:65.5pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:59pt">2,220 </kbd> </td><td style="width:13.8pt" valign="top"> </td><td style="width:73.3pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">2,210 </kbd> </td><td style="width:15.65pt" valign="top"> </td></tr> <tr><td style="background-color:#CCEEFF;width:31.55pt" valign="top"> </td><td colspan="2" style="background-color:#CCEEFF;width:267.45pt" valign="top">Non-compete agreements </td><td style="background-color:#CCEEFF;width:15.15pt" valign="top"> </td><td style="background-color:#CCEEFF;width:65.5pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:59pt">134 </kbd> </td><td style="background-color:#CCEEFF;width:13.8pt" valign="top"> </td><td style="background-color:#CCEEFF;width:73.3pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">125 </kbd> </td><td style="background-color:#CCEEFF;width:15.65pt" valign="top"> </td></tr> <tr><td style="width:31.55pt" valign="top"> </td><td colspan="2" style="width:267.45pt" valign="top">Trademarks & trade names </td><td style="width:15.15pt" valign="top"> </td><td style="width:65.5pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:59pt">9,865 </kbd> </td><td style="width:13.8pt" valign="top"> </td><td style="width:73.3pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">9,205 </kbd> </td><td style="width:15.65pt" valign="top"> </td></tr> <tr><td style="background-color:#CCEEFF;width:31.55pt" valign="top"> </td><td colspan="2" style="background-color:#CCEEFF;width:267.45pt" valign="top">Customer relationships </td><td style="background-color:#CCEEFF;width:15.15pt" valign="top"> </td><td style="background-color:#CCEEFF;width:65.5pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:59pt">9,613 </kbd> </td><td style="background-color:#CCEEFF;width:13.8pt" valign="top"> </td><td style="background-color:#CCEEFF;width:73.3pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">8,952 </kbd> </td><td style="background-color:#CCEEFF;width:15.65pt" valign="top"> </td></tr> <tr><td style="width:31.55pt" valign="top"> </td><td colspan="2" style="width:267.45pt" valign="top">Distribution agreements </td><td style="width:15.15pt" valign="top"> </td><td style="width:65.5pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:59pt">21,000 </kbd> </td><td style="width:13.8pt" valign="top"> </td><td style="width:73.3pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">21,000 </kbd> </td><td style="width:15.65pt" valign="top"> </td></tr> <tr><td style="background-color:#CCEEFF;width:31.55pt" valign="top"> </td><td colspan="2" style="background-color:#CCEEFF;width:267.45pt" valign="top">Right-of-Use Asset </td><td style="background-color:#CCEEFF;width:15.15pt" valign="top"> </td><td style="background-color:#CCEEFF;width:65.5pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:59pt">286 </kbd> </td><td style="background-color:#CCEEFF;width:13.8pt" valign="top"> </td><td style="background-color:#CCEEFF;width:73.3pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">338 </kbd> </td><td style="background-color:#CCEEFF;width:15.65pt" valign="top"> </td></tr> <tr><td style="width:31.55pt" valign="top"> </td><td colspan="2" style="width:267.45pt" valign="top">Regulatory approvals & product certifications </td><td style="width:15.15pt" valign="top"> </td><td style="width:65.5pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:59pt">12,823 </kbd> </td><td style="width:13.8pt" valign="top"> </td><td style="width:73.3pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">11,942 </kbd> </td><td style="width:15.65pt" valign="top"> </td></tr> <tr><td style="background-color:#CCEEFF;width:31.55pt" valign="top"> </td><td style="background-color:#CCEEFF;width:31.45pt" valign="top"> </td><td style="background-color:#CCEEFF;width:236pt" valign="top">Total Other Identifiable Intangible Assets </td><td style="background-color:#CCEEFF;width:15.15pt" valign="top"> </td><td style="background-color:#CCEEFF;width:65.5pt;border-top:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:59pt">55,941 </kbd> </td><td style="background-color:#CCEEFF;width:13.8pt" valign="top"> </td><td style="background-color:#CCEEFF;width:73.3pt;border-top:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">53,772 </kbd> </td><td style="background-color:#CCEEFF;width:15.65pt" valign="top"> </td></tr> <tr><td style="width:31.55pt" valign="top"> </td><td colspan="2" style="width:267.45pt" valign="top">Accumulated amortization </td><td style="width:15.15pt" valign="top"> </td><td style="width:65.5pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:59pt">(55,101)</kbd> </td><td style="width:13.8pt" valign="top"> </td><td style="width:73.3pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">(50,907)</kbd> </td><td style="width:15.65pt" valign="top"> </td></tr> <tr><td style="background-color:#CCEEFF;width:31.55pt" valign="top"> </td><td style="background-color:#CCEEFF;width:31.45pt" valign="top"> </td><td style="background-color:#CCEEFF;width:236pt" valign="top">Other Identifiable Intangible Assets, Net </td><td style="background-color:#CCEEFF;width:15.15pt" valign="top"> </td><td style="background-color:#CCEEFF;width:65.5pt;border-bottom:3px double #000000" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:59pt">840 </kbd> </td><td style="background-color:#CCEEFF;width:13.8pt" valign="top"> </td><td style="background-color:#CCEEFF;width:73.3pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">2,865 </kbd> </td><td style="background-color:#CCEEFF;width:15.65pt" valign="top"> </td></tr> <tr><td style="width:31.55pt" valign="top"> </td><td style="width:31.45pt" valign="top"> </td><td style="width:236pt" valign="top"> </td><td style="width:15.15pt" valign="top"> </td><td style="width:65.5pt" valign="top"> </td><td style="width:13.8pt" valign="top"> </td><td style="width:73.3pt;border-top:0.5pt solid #000000" valign="top"> </td><td style="width:15.65pt" valign="top"> </td></tr> <tr><td colspan="3" style="background-color:#CCEEFF;width:299pt" valign="top">Accrued expenses: </td><td style="background-color:#CCEEFF;width:15.15pt" valign="top"> </td><td style="background-color:#CCEEFF;width:65.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:13.8pt" valign="top"> </td><td style="background-color:#CCEEFF;width:73.3pt" valign="top"> </td><td style="background-color:#CCEEFF;width:15.65pt" valign="top"> </td></tr> <tr><td style="width:31.55pt" valign="top"> </td><td colspan="2" style="width:267.45pt" valign="top">Income taxes payable (receivable) </td><td style="width:15.15pt" valign="top"> </td><td style="width:65.5pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:59pt">(909)</kbd> </td><td style="width:13.8pt" valign="top"> </td><td style="width:73.3pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">(153)</kbd> </td><td style="width:15.65pt" valign="top"> </td></tr> <tr><td style="background-color:#CCEEFF;width:31.55pt" valign="top"> </td><td colspan="2" style="background-color:#CCEEFF;width:267.45pt" valign="top">Payroll and payroll taxes </td><td style="background-color:#CCEEFF;width:15.15pt" valign="top"> </td><td style="background-color:#CCEEFF;width:65.5pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:59pt">853 </kbd> </td><td style="background-color:#CCEEFF;width:13.8pt" valign="top"> </td><td style="background-color:#CCEEFF;width:73.3pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">1,148 </kbd> </td><td style="background-color:#CCEEFF;width:15.65pt" valign="top"> </td></tr> <tr><td style="width:31.55pt" valign="top"> </td><td colspan="2" style="width:267.45pt" valign="top">Reserve for litigation costs </td><td style="width:15.15pt" valign="top"> </td><td style="width:65.5pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:59pt">68 </kbd> </td><td style="width:13.8pt" valign="top"> </td><td style="width:73.3pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">111 </kbd> </td><td style="width:15.65pt" valign="top"> </td></tr> <tr><td style="background-color:#CCEEFF;width:31.55pt" valign="top"> </td><td colspan="2" style="background-color:#CCEEFF;width:267.45pt" valign="top">Other </td><td style="background-color:#CCEEFF;width:15.15pt" valign="top"> </td><td style="background-color:#CCEEFF;width:65.5pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:59pt">1,675 </kbd> </td><td style="background-color:#CCEEFF;width:13.8pt" valign="top"> </td><td style="background-color:#CCEEFF;width:73.3pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">1,955 </kbd> </td><td style="background-color:#CCEEFF;width:15.65pt" valign="top"> </td></tr> <tr><td style="width:31.55pt" valign="top"> </td><td style="width:31.45pt" valign="top"> </td><td style="width:236pt" valign="top">Total accrued expenses </td><td style="width:15.15pt" valign="top"> </td><td style="width:65.5pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:59pt">1,687 </kbd> </td><td style="width:13.8pt" valign="top"> </td><td style="width:73.3pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">3,061 </kbd> </td><td style="width:15.65pt" valign="top"> </td></tr> </table>

4035000

4239000

2000 -2000

515000

143000

3522000

4094000

1223000

1913000

1627000

1414000

5085000

5485000

7935000

8812000

472000

-112000

14052000

13580000

2220000

2210000

134000

125000

9865000

9205000

9613000

8952000

21000000

286000

338000

12823000 11942000

55941000

53772000

55101000

50907000

840000

2865000

-909000 -153000

853000

1148000

68000

111000

1675000

1955000

1687000

3061000

Note 3 – Quarterly Results of Operations (Unaudited) <table style="border-collapse:collapse"><tr><td style="width:180.05pt" valign="top"> </td><td colspan="4" style="width:302.35pt" valign="top">Unaudited Quarterly Data for 2025 </td></tr> <tr><td style="width:180.05pt" valign="top"></td><td style="width:71.95pt" valign="top">First Quarter </td><td style="width:78.8pt" valign="top">Second Quarter </td><td style="width:75.75pt" valign="top">Third Quarter </td><td style="width:75.85pt" valign="top">Fourth Quarter </td></tr> <tr><td style="background-color:#CCEEFF;width:180.05pt" valign="top">Net Sales </td><td style="background-color:#CCEEFF;width:71.95pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">9,710</kbd> </td><td style="background-color:#CCEEFF;width:78.8pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:72pt">9,953</kbd> </td><td style="background-color:#CCEEFF;width:75.75pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:69pt">9,812</kbd> </td><td style="background-color:#CCEEFF;width:75.85pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:69pt">9,044</kbd> </td></tr> <tr><td style="width:180.05pt" valign="top">Gross Profit </td><td style="width:71.95pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">5,538</kbd> </td><td style="width:78.8pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:72pt">5,595</kbd> </td><td style="width:75.75pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:69pt">5,604</kbd> </td><td style="width:75.85pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:69pt">5,264</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:180.05pt" valign="top">Net Income </td><td style="background-color:#CCEEFF;width:71.95pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">3,041</kbd> </td><td style="background-color:#CCEEFF;width:78.8pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:72pt">3,048</kbd> </td><td style="background-color:#CCEEFF;width:75.75pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:69pt">2,631</kbd> </td><td style="background-color:#CCEEFF;width:75.85pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:69pt">2,565</kbd> </td></tr> <tr><td style="width:180.05pt" valign="top">Earnings Per Common Share (Diluted) </td><td style="width:71.95pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">0.92</kbd> </td><td style="width:78.8pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:72pt">0.94</kbd> </td><td style="width:75.75pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:69pt">0.82</kbd> </td><td style="width:75.85pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:69pt">0.80</kbd> </td></tr> </table> <table style="border-collapse:collapse"><tr><td style="width:180.05pt" valign="top"> </td><td colspan="4" style="width:302.35pt" valign="top">Unaudited Quarterly Data for 2024 </td></tr> <tr><td style="width:180.05pt" valign="top"></td><td style="width:71.95pt" valign="top">First Quarter </td><td style="width:78.8pt" valign="top">Second Quarter </td><td style="width:75.75pt" valign="top">Third Quarter </td><td style="width:75.85pt" valign="top">Fourth Quarter </td></tr> <tr><td style="background-color:#CCEEFF;width:180.05pt" valign="top">Net Sales </td><td style="background-color:#CCEEFF;width:71.95pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">11,340</kbd> </td><td style="background-color:#CCEEFF;width:78.8pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:72pt">10,400</kbd> </td><td style="background-color:#CCEEFF;width:75.75pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:69pt">10,005</kbd> </td><td style="background-color:#CCEEFF;width:75.85pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:69pt">9,157</kbd> </td></tr> <tr><td style="width:180.05pt" valign="top">Gross Profit </td><td style="width:71.95pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">6,766</kbd> </td><td style="width:78.8pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:72pt">6,253</kbd> </td><td style="width:75.75pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:69pt">5,802</kbd> </td><td style="width:75.85pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:69pt">5,323</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:180.05pt" valign="top">Net Income </td><td style="background-color:#CCEEFF;width:71.95pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">3,956</kbd> </td><td style="background-color:#CCEEFF;width:78.8pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:72pt">3,453</kbd> </td><td style="background-color:#CCEEFF;width:75.75pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:69pt">3,563</kbd> </td><td style="background-color:#CCEEFF;width:75.85pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:69pt">2,902</kbd> </td></tr> <tr><td style="width:180.05pt" valign="top">Earnings Per Common Share (Diluted) </td><td style="width:71.95pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">1.09</kbd> </td><td style="width:78.8pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:72pt">0.98</kbd> </td><td style="width:75.75pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:69pt">1.03</kbd> </td><td style="width:75.85pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:69pt">0.86</kbd> </td></tr> </table> <table style="border-collapse:collapse"><tr><td style="width:180.05pt" valign="top"> </td><td colspan="4" style="width:302.35pt" valign="top">Unaudited Quarterly Data for 2023 </td></tr> <tr><td style="width:180.05pt" valign="top"></td><td style="width:71.95pt" valign="top">First Quarter </td><td style="width:78.8pt" valign="top">Second Quarter </td><td style="width:75.75pt" valign="top">Third Quarter </td><td style="width:75.85pt" valign="top">Fourth Quarter </td></tr> <tr><td style="background-color:#CCEEFF;width:180.05pt" valign="top">Net Sales </td><td style="background-color:#CCEEFF;width:71.95pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">12,520</kbd> </td><td style="background-color:#CCEEFF;width:78.8pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:72pt">12,866</kbd> </td><td style="background-color:#CCEEFF;width:75.75pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:69pt">12,505</kbd> </td><td style="background-color:#CCEEFF;width:75.85pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:69pt">12,333</kbd> </td></tr> <tr><td style="width:180.05pt" valign="top">Gross Profit </td><td style="width:71.95pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">7,843</kbd> </td><td style="width:78.8pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:72pt">7,739</kbd> </td><td style="width:75.75pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:69pt">7,359</kbd> </td><td style="width:75.85pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:69pt">7,098</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:180.05pt" valign="top">Net Income </td><td style="background-color:#CCEEFF;width:71.95pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">4,214</kbd> </td><td style="background-color:#CCEEFF;width:78.8pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:72pt">4,200</kbd> </td><td style="background-color:#CCEEFF;width:75.75pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:69pt">3,935</kbd> </td><td style="background-color:#CCEEFF;width:75.85pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:69pt">4,287</kbd> </td></tr> <tr><td style="width:180.05pt" valign="top">Earnings Per Common Share (Diluted) </td><td style="width:71.95pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">1.16</kbd> </td><td style="width:78.8pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:72pt">1.15</kbd> </td><td style="width:75.75pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:69pt">1.08</kbd> </td><td style="width:75.85pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:69pt">1.18</kbd> </td></tr> </table>

<table style="border-collapse:collapse"><tr><td style="width:180.05pt" valign="top"> </td><td colspan="4" style="width:302.35pt" valign="top">Unaudited Quarterly Data for 2025 </td></tr> <tr><td style="width:180.05pt" valign="top"></td><td style="width:71.95pt" valign="top">First Quarter </td><td style="width:78.8pt" valign="top">Second Quarter </td><td style="width:75.75pt" valign="top">Third Quarter </td><td style="width:75.85pt" valign="top">Fourth Quarter </td></tr> <tr><td style="background-color:#CCEEFF;width:180.05pt" valign="top">Net Sales </td><td style="background-color:#CCEEFF;width:71.95pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">9,710</kbd> </td><td style="background-color:#CCEEFF;width:78.8pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:72pt">9,953</kbd> </td><td style="background-color:#CCEEFF;width:75.75pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:69pt">9,812</kbd> </td><td style="background-color:#CCEEFF;width:75.85pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:69pt">9,044</kbd> </td></tr> <tr><td style="width:180.05pt" valign="top">Gross Profit </td><td style="width:71.95pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">5,538</kbd> </td><td style="width:78.8pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:72pt">5,595</kbd> </td><td style="width:75.75pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:69pt">5,604</kbd> </td><td style="width:75.85pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:69pt">5,264</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:180.05pt" valign="top">Net Income </td><td style="background-color:#CCEEFF;width:71.95pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">3,041</kbd> </td><td style="background-color:#CCEEFF;width:78.8pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:72pt">3,048</kbd> </td><td style="background-color:#CCEEFF;width:75.75pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:69pt">2,631</kbd> </td><td style="background-color:#CCEEFF;width:75.85pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:69pt">2,565</kbd> </td></tr> <tr><td style="width:180.05pt" valign="top">Earnings Per Common Share (Diluted) </td><td style="width:71.95pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">0.92</kbd> </td><td style="width:78.8pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:72pt">0.94</kbd> </td><td style="width:75.75pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:69pt">0.82</kbd> </td><td style="width:75.85pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:69pt">0.80</kbd> </td></tr> </table> <table style="border-collapse:collapse"><tr><td style="width:180.05pt" valign="top"> </td><td colspan="4" style="width:302.35pt" valign="top">Unaudited Quarterly Data for 2024 </td></tr> <tr><td style="width:180.05pt" valign="top"></td><td style="width:71.95pt" valign="top">First Quarter </td><td style="width:78.8pt" valign="top">Second Quarter </td><td style="width:75.75pt" valign="top">Third Quarter </td><td style="width:75.85pt" valign="top">Fourth Quarter </td></tr> <tr><td style="background-color:#CCEEFF;width:180.05pt" valign="top">Net Sales </td><td style="background-color:#CCEEFF;width:71.95pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">11,340</kbd> </td><td style="background-color:#CCEEFF;width:78.8pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:72pt">10,400</kbd> </td><td style="background-color:#CCEEFF;width:75.75pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:69pt">10,005</kbd> </td><td style="background-color:#CCEEFF;width:75.85pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:69pt">9,157</kbd> </td></tr> <tr><td style="width:180.05pt" valign="top">Gross Profit </td><td style="width:71.95pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">6,766</kbd> </td><td style="width:78.8pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:72pt">6,253</kbd> </td><td style="width:75.75pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:69pt">5,802</kbd> </td><td style="width:75.85pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:69pt">5,323</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:180.05pt" valign="top">Net Income </td><td style="background-color:#CCEEFF;width:71.95pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">3,956</kbd> </td><td style="background-color:#CCEEFF;width:78.8pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:72pt">3,453</kbd> </td><td style="background-color:#CCEEFF;width:75.75pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:69pt">3,563</kbd> </td><td style="background-color:#CCEEFF;width:75.85pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:69pt">2,902</kbd> </td></tr> <tr><td style="width:180.05pt" valign="top">Earnings Per Common Share (Diluted) </td><td style="width:71.95pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">1.09</kbd> </td><td style="width:78.8pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:72pt">0.98</kbd> </td><td style="width:75.75pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:69pt">1.03</kbd> </td><td style="width:75.85pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:69pt">0.86</kbd> </td></tr> </table> <table style="border-collapse:collapse"><tr><td style="width:180.05pt" valign="top"> </td><td colspan="4" style="width:302.35pt" valign="top">Unaudited Quarterly Data for 2023 </td></tr> <tr><td style="width:180.05pt" valign="top"></td><td style="width:71.95pt" valign="top">First Quarter </td><td style="width:78.8pt" valign="top">Second Quarter </td><td style="width:75.75pt" valign="top">Third Quarter </td><td style="width:75.85pt" valign="top">Fourth Quarter </td></tr> <tr><td style="background-color:#CCEEFF;width:180.05pt" valign="top">Net Sales </td><td style="background-color:#CCEEFF;width:71.95pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">12,520</kbd> </td><td style="background-color:#CCEEFF;width:78.8pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:72pt">12,866</kbd> </td><td style="background-color:#CCEEFF;width:75.75pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:69pt">12,505</kbd> </td><td style="background-color:#CCEEFF;width:75.85pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:69pt">12,333</kbd> </td></tr> <tr><td style="width:180.05pt" valign="top">Gross Profit </td><td style="width:71.95pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">7,843</kbd> </td><td style="width:78.8pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:72pt">7,739</kbd> </td><td style="width:75.75pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:69pt">7,359</kbd> </td><td style="width:75.85pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:69pt">7,098</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:180.05pt" valign="top">Net Income </td><td style="background-color:#CCEEFF;width:71.95pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">4,214</kbd> </td><td style="background-color:#CCEEFF;width:78.8pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:72pt">4,200</kbd> </td><td style="background-color:#CCEEFF;width:75.75pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:69pt">3,935</kbd> </td><td style="background-color:#CCEEFF;width:75.85pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:69pt">4,287</kbd> </td></tr> <tr><td style="width:180.05pt" valign="top">Earnings Per Common Share (Diluted) </td><td style="width:71.95pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">1.16</kbd> </td><td style="width:78.8pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:72pt">1.15</kbd> </td><td style="width:75.75pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:69pt">1.08</kbd> </td><td style="width:75.85pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:69pt">1.18</kbd> </td></tr> </table>

9710000

9953000

9812000

9044000

5538000

5595000

5604000

5264000

3041000

3048000

2631000

2565000

0.92

0.94

0.82

0.8

11340000

10400000

10005000

9157000

6766000

6253000

5802000

5323000

3956000

3453000

3563000

2902000

1.09

0.98

1.03

0.86

12520000

12866000

12505000

12333000

7843000

7739000

7359000

7098000

4214000

4200000

3935000

4287000

1.16

1.15

1.08

1.18

Note 4 – Property and Equipment Property and equipment consists of the following: <table style="border-collapse:collapse"><tr><td style="width:31.45pt" valign="top"> </td><td style="width:266.95pt" valign="top"> </td><td colspan="3" style="width:184pt" valign="top">December 31, </td></tr> <tr><td colspan="2" style="width:298.4pt" valign="top"></td><td style="width:88.4pt" valign="top">2025 </td><td style="width:14.65pt" valign="top"> </td><td style="width:80.95pt" valign="top">2024 </td></tr> <tr><td colspan="2" style="background-color:#CCEEFF;width:298.4pt" valign="top">Land </td><td style="background-color:#CCEEFF;width:88.4pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:81pt">1,697 </kbd> </td><td style="background-color:#CCEEFF;width:14.65pt" valign="top"> </td><td style="background-color:#CCEEFF;width:80.95pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:74pt">1,604 </kbd> </td></tr> <tr><td colspan="2" style="width:298.4pt" valign="top">Buildings and improvements </td><td style="width:88.4pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:81pt">14,385 </kbd> </td><td style="width:14.65pt" valign="top"> </td><td style="width:80.95pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:74pt">13,539 </kbd> </td></tr> <tr><td colspan="2" style="background-color:#CCEEFF;width:298.4pt" valign="top">Furniture, equipment and tooling </td><td style="background-color:#CCEEFF;width:88.4pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:81pt">19,055 </kbd> </td><td style="background-color:#CCEEFF;width:14.65pt" valign="top"> </td><td style="background-color:#CCEEFF;width:80.95pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:74pt">18,527 </kbd> </td></tr> <tr><td colspan="2" style="width:298.4pt" valign="top">Construction-in-progress </td><td style="width:88.4pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:81pt">110 </kbd> </td><td style="width:14.65pt" valign="top"> </td><td style="width:80.95pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:74pt">19 </kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:31.45pt" valign="top"> </td><td style="background-color:#CCEEFF;width:266.95pt" valign="top">Total </td><td style="background-color:#CCEEFF;width:88.4pt;border-top:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:81pt">35,247 </kbd> </td><td style="background-color:#CCEEFF;width:14.65pt" valign="top"> </td><td style="background-color:#CCEEFF;width:80.95pt;border-top:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:74pt">33,689 </kbd> </td></tr> <tr><td colspan="2" style="width:298.4pt" valign="top">Accumulated depreciation </td><td style="width:88.4pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:81pt">(25,339)</kbd> </td><td style="width:14.65pt" valign="top"> </td><td style="width:80.95pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:74pt">(23,926)</kbd> </td></tr> <tr><td colspan="2" style="background-color:#CCEEFF;width:298.4pt" valign="top">Property and equipment, net </td><td style="background-color:#CCEEFF;width:88.4pt;border-bottom:3px double #000000" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:81pt">9,908 </kbd> </td><td style="background-color:#CCEEFF;width:14.65pt" valign="top"> </td><td style="background-color:#CCEEFF;width:80.95pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:74pt">9,763 </kbd> </td></tr> </table> Included in the Company’s consolidated balance sheet are the assets of its manufacturing and administrative facilities in Utah, Canada, England, Australia and Ireland. Property and equipment, by geographic area, are as follows: <table style="border-collapse:collapse"><tr><td style="width:178.6pt" valign="top"> </td><td style="width:11.75pt" valign="top"> </td><td colspan="4" style="width:292.05pt" valign="top">December 31, 2025 </td></tr> <tr><td style="width:178.6pt" valign="top"></td><td style="width:11.75pt" valign="top"> </td><td style="width:82.2pt" valign="bottom">U.S. & Canada </td><td style="width:75.15pt" valign="bottom">England & Australia </td><td style="width:63.4pt" valign="bottom">Ireland </td><td style="width:71.3pt" valign="bottom">Total </td></tr> <tr><td style="background-color:#CCEEFF;width:178.6pt" valign="top">Land </td><td style="background-color:#CCEEFF;width:11.75pt" valign="top"> </td><td style="background-color:#CCEEFF;width:82.2pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:75pt">621 </kbd> </td><td style="background-color:#CCEEFF;width:75.15pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:68pt">673 </kbd> </td><td style="background-color:#CCEEFF;width:63.4pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:56pt">403 </kbd> </td><td style="background-color:#CCEEFF;width:71.3pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:64pt">1,697 </kbd> </td></tr> <tr><td style="width:178.6pt" valign="top">Buildings and improvements </td><td style="width:11.75pt" valign="top"> </td><td style="width:82.2pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:75pt">6,675 </kbd> </td><td style="width:75.15pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:68pt">3,332 </kbd> </td><td style="width:63.4pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:56pt">4,378 </kbd> </td><td style="width:71.3pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:64pt">14,385 </kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:178.6pt" valign="top">Furniture, equipment and tooling </td><td style="background-color:#CCEEFF;width:11.75pt" valign="top"> </td><td style="background-color:#CCEEFF;width:82.2pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:75pt">16,033 </kbd> </td><td style="background-color:#CCEEFF;width:75.15pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:68pt">763 </kbd> </td><td style="background-color:#CCEEFF;width:63.4pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:56pt">2,259 </kbd> </td><td style="background-color:#CCEEFF;width:71.3pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:64pt">19,055 </kbd> </td></tr> <tr><td style="width:178.6pt" valign="top">Construction-in-progress </td><td style="width:11.75pt" valign="top"> </td><td style="width:82.2pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:75pt">109 </kbd> </td><td style="width:75.15pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:68pt">- </kbd> </td><td style="width:63.4pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:56pt">1 </kbd> </td><td style="width:71.3pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:64pt">110 </kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:178.6pt" valign="top">Total </td><td style="background-color:#CCEEFF;width:11.75pt" valign="top"> </td><td style="background-color:#CCEEFF;width:82.2pt;border-top:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:75pt">23,438 </kbd> </td><td style="background-color:#CCEEFF;width:75.15pt;border-top:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:68pt">4,768 </kbd> </td><td style="background-color:#CCEEFF;width:63.4pt;border-top:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:56pt">7,041 </kbd> </td><td style="background-color:#CCEEFF;width:71.3pt;border-top:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:64pt">35,247 </kbd> </td></tr> <tr><td style="width:178.6pt" valign="top">Accumulated depreciation </td><td style="width:11.75pt" valign="top"> </td><td style="width:82.2pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:75pt">(19,401)</kbd> </td><td style="width:75.15pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:68pt">(1,888)</kbd> </td><td style="width:63.4pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:56pt">(4,050)</kbd> </td><td style="width:71.3pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:64pt">(25,339)</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:178.6pt" valign="top">Property and equipment, net </td><td style="background-color:#CCEEFF;width:11.75pt" valign="top"> </td><td style="background-color:#CCEEFF;width:82.2pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:75pt">4,037 </kbd> </td><td style="background-color:#CCEEFF;width:75.15pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:68pt">2,880 </kbd> </td><td style="background-color:#CCEEFF;width:63.4pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:56pt">2,991 </kbd> </td><td style="background-color:#CCEEFF;width:71.3pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:64pt">9,908 </kbd> </td></tr> </table> <table style="border-collapse:collapse"><tr><td style="width:179.9pt" valign="top"> </td><td style="width:14.55pt" valign="top"> </td><td colspan="4" style="width:287.95pt" valign="bottom">December 31, 2024 </td></tr> <tr><td style="width:179.9pt" valign="top"></td><td style="width:14.55pt" valign="top"> </td><td style="width:72.95pt" valign="bottom">U.S. & Canada </td><td style="width:77pt" valign="bottom">England & Australia </td><td style="width:64.85pt" valign="bottom">Ireland </td><td style="width:73.15pt" valign="bottom">Total </td></tr> <tr><td style="background-color:#CCEEFF;width:179.9pt" valign="top">Land </td><td style="background-color:#CCEEFF;width:14.55pt" valign="top"> </td><td style="background-color:#CCEEFF;width:72.95pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">621 </kbd> </td><td style="background-color:#CCEEFF;width:77pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:70pt">627 </kbd> </td><td style="background-color:#CCEEFF;width:64.85pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:58pt">356 </kbd> </td><td style="background-color:#CCEEFF;width:73.15pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">1,604 </kbd> </td></tr> <tr><td style="width:179.9pt" valign="top">Buildings and improvements </td><td style="width:14.55pt" valign="top"> </td><td style="width:72.95pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">6,576 </kbd> </td><td style="width:77pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:70pt">3,101 </kbd> </td><td style="width:64.85pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:58pt">3,862 </kbd> </td><td style="width:73.15pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">13,539 </kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:179.9pt" valign="top">Furniture, equipment and tooling </td><td style="background-color:#CCEEFF;width:14.55pt" valign="top"> </td><td style="background-color:#CCEEFF;width:72.95pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">15,842 </kbd> </td><td style="background-color:#CCEEFF;width:77pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:70pt">710 </kbd> </td><td style="background-color:#CCEEFF;width:64.85pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:58pt">1,975 </kbd> </td><td style="background-color:#CCEEFF;width:73.15pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">18,527 </kbd> </td></tr> <tr><td style="width:179.9pt" valign="top">Construction-in-progress </td><td style="width:14.55pt" valign="top"> </td><td style="width:72.95pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">19 </kbd> </td><td style="width:77pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:70pt">- </kbd> </td><td style="width:64.85pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:58pt">- </kbd> </td><td style="width:73.15pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">19 </kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:179.9pt" valign="top">Total </td><td style="background-color:#CCEEFF;width:14.55pt" valign="top"> </td><td style="background-color:#CCEEFF;width:72.95pt;border-top:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">23,058 </kbd> </td><td style="background-color:#CCEEFF;width:77pt;border-top:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:70pt">4,438 </kbd> </td><td style="background-color:#CCEEFF;width:64.85pt;border-top:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:58pt">6,193 </kbd> </td><td style="background-color:#CCEEFF;width:73.15pt;border-top:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">33,689 </kbd> </td></tr> <tr><td style="width:179.9pt" valign="top">Accumulated depreciation </td><td style="width:14.55pt" valign="top"> </td><td style="width:72.95pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">(18,930)</kbd> </td><td style="width:77pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:70pt">(1,587)</kbd> </td><td style="width:64.85pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:58pt">(3,409)</kbd> </td><td style="width:73.15pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">(23,926)</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:179.9pt" valign="top">Property and equipment, net </td><td style="background-color:#CCEEFF;width:14.55pt" valign="top"> </td><td style="background-color:#CCEEFF;width:72.95pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">4,128 </kbd> </td><td style="background-color:#CCEEFF;width:77pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:70pt">2,851 </kbd> </td><td style="background-color:#CCEEFF;width:64.85pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:58pt">2,784 </kbd> </td><td style="background-color:#CCEEFF;width:73.15pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">9,763 </kbd> </td></tr> </table>

<table style="border-collapse:collapse"><tr><td style="width:31.45pt" valign="top"> </td><td style="width:266.95pt" valign="top"> </td><td colspan="3" style="width:184pt" valign="top">December 31, </td></tr> <tr><td colspan="2" style="width:298.4pt" valign="top"></td><td style="width:88.4pt" valign="top">2025 </td><td style="width:14.65pt" valign="top"> </td><td style="width:80.95pt" valign="top">2024 </td></tr> <tr><td colspan="2" style="background-color:#CCEEFF;width:298.4pt" valign="top">Land </td><td style="background-color:#CCEEFF;width:88.4pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:81pt">1,697 </kbd> </td><td style="background-color:#CCEEFF;width:14.65pt" valign="top"> </td><td style="background-color:#CCEEFF;width:80.95pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:74pt">1,604 </kbd> </td></tr> <tr><td colspan="2" style="width:298.4pt" valign="top">Buildings and improvements </td><td style="width:88.4pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:81pt">14,385 </kbd> </td><td style="width:14.65pt" valign="top"> </td><td style="width:80.95pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:74pt">13,539 </kbd> </td></tr> <tr><td colspan="2" style="background-color:#CCEEFF;width:298.4pt" valign="top">Furniture, equipment and tooling </td><td style="background-color:#CCEEFF;width:88.4pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:81pt">19,055 </kbd> </td><td style="background-color:#CCEEFF;width:14.65pt" valign="top"> </td><td style="background-color:#CCEEFF;width:80.95pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:74pt">18,527 </kbd> </td></tr> <tr><td colspan="2" style="width:298.4pt" valign="top">Construction-in-progress </td><td style="width:88.4pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:81pt">110 </kbd> </td><td style="width:14.65pt" valign="top"> </td><td style="width:80.95pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:74pt">19 </kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:31.45pt" valign="top"> </td><td style="background-color:#CCEEFF;width:266.95pt" valign="top">Total </td><td style="background-color:#CCEEFF;width:88.4pt;border-top:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:81pt">35,247 </kbd> </td><td style="background-color:#CCEEFF;width:14.65pt" valign="top"> </td><td style="background-color:#CCEEFF;width:80.95pt;border-top:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:74pt">33,689 </kbd> </td></tr> <tr><td colspan="2" style="width:298.4pt" valign="top">Accumulated depreciation </td><td style="width:88.4pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:81pt">(25,339)</kbd> </td><td style="width:14.65pt" valign="top"> </td><td style="width:80.95pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:74pt">(23,926)</kbd> </td></tr> <tr><td colspan="2" style="background-color:#CCEEFF;width:298.4pt" valign="top">Property and equipment, net </td><td style="background-color:#CCEEFF;width:88.4pt;border-bottom:3px double #000000" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:81pt">9,908 </kbd> </td><td style="background-color:#CCEEFF;width:14.65pt" valign="top"> </td><td style="background-color:#CCEEFF;width:80.95pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:74pt">9,763 </kbd> </td></tr> </table>

1697000

1604000

14385000

13539000

19055000

18527000

110000

19000

35247000

33689000

25339000

23926000

9908000

9763000

<table style="border-collapse:collapse"><tr><td style="width:178.6pt" valign="top"> </td><td style="width:11.75pt" valign="top"> </td><td colspan="4" style="width:292.05pt" valign="top">December 31, 2025 </td></tr> <tr><td style="width:178.6pt" valign="top"></td><td style="width:11.75pt" valign="top"> </td><td style="width:82.2pt" valign="bottom">U.S. & Canada </td><td style="width:75.15pt" valign="bottom">England & Australia </td><td style="width:63.4pt" valign="bottom">Ireland </td><td style="width:71.3pt" valign="bottom">Total </td></tr> <tr><td style="background-color:#CCEEFF;width:178.6pt" valign="top">Land </td><td style="background-color:#CCEEFF;width:11.75pt" valign="top"> </td><td style="background-color:#CCEEFF;width:82.2pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:75pt">621 </kbd> </td><td style="background-color:#CCEEFF;width:75.15pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:68pt">673 </kbd> </td><td style="background-color:#CCEEFF;width:63.4pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:56pt">403 </kbd> </td><td style="background-color:#CCEEFF;width:71.3pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:64pt">1,697 </kbd> </td></tr> <tr><td style="width:178.6pt" valign="top">Buildings and improvements </td><td style="width:11.75pt" valign="top"> </td><td style="width:82.2pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:75pt">6,675 </kbd> </td><td style="width:75.15pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:68pt">3,332 </kbd> </td><td style="width:63.4pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:56pt">4,378 </kbd> </td><td style="width:71.3pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:64pt">14,385 </kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:178.6pt" valign="top">Furniture, equipment and tooling </td><td style="background-color:#CCEEFF;width:11.75pt" valign="top"> </td><td style="background-color:#CCEEFF;width:82.2pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:75pt">16,033 </kbd> </td><td style="background-color:#CCEEFF;width:75.15pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:68pt">763 </kbd> </td><td style="background-color:#CCEEFF;width:63.4pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:56pt">2,259 </kbd> </td><td style="background-color:#CCEEFF;width:71.3pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:64pt">19,055 </kbd> </td></tr> <tr><td style="width:178.6pt" valign="top">Construction-in-progress </td><td style="width:11.75pt" valign="top"> </td><td style="width:82.2pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:75pt">109 </kbd> </td><td style="width:75.15pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:68pt">- </kbd> </td><td style="width:63.4pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:56pt">1 </kbd> </td><td style="width:71.3pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:64pt">110 </kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:178.6pt" valign="top">Total </td><td style="background-color:#CCEEFF;width:11.75pt" valign="top"> </td><td style="background-color:#CCEEFF;width:82.2pt;border-top:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:75pt">23,438 </kbd> </td><td style="background-color:#CCEEFF;width:75.15pt;border-top:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:68pt">4,768 </kbd> </td><td style="background-color:#CCEEFF;width:63.4pt;border-top:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:56pt">7,041 </kbd> </td><td style="background-color:#CCEEFF;width:71.3pt;border-top:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:64pt">35,247 </kbd> </td></tr> <tr><td style="width:178.6pt" valign="top">Accumulated depreciation </td><td style="width:11.75pt" valign="top"> </td><td style="width:82.2pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:75pt">(19,401)</kbd> </td><td style="width:75.15pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:68pt">(1,888)</kbd> </td><td style="width:63.4pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:56pt">(4,050)</kbd> </td><td style="width:71.3pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:64pt">(25,339)</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:178.6pt" valign="top">Property and equipment, net </td><td style="background-color:#CCEEFF;width:11.75pt" valign="top"> </td><td style="background-color:#CCEEFF;width:82.2pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:75pt">4,037 </kbd> </td><td style="background-color:#CCEEFF;width:75.15pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:68pt">2,880 </kbd> </td><td style="background-color:#CCEEFF;width:63.4pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:56pt">2,991 </kbd> </td><td style="background-color:#CCEEFF;width:71.3pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:64pt">9,908 </kbd> </td></tr> </table> <table style="border-collapse:collapse"><tr><td style="width:179.9pt" valign="top"> </td><td style="width:14.55pt" valign="top"> </td><td colspan="4" style="width:287.95pt" valign="bottom">December 31, 2024 </td></tr> <tr><td style="width:179.9pt" valign="top"></td><td style="width:14.55pt" valign="top"> </td><td style="width:72.95pt" valign="bottom">U.S. & Canada </td><td style="width:77pt" valign="bottom">England & Australia </td><td style="width:64.85pt" valign="bottom">Ireland </td><td style="width:73.15pt" valign="bottom">Total </td></tr> <tr><td style="background-color:#CCEEFF;width:179.9pt" valign="top">Land </td><td style="background-color:#CCEEFF;width:14.55pt" valign="top"> </td><td style="background-color:#CCEEFF;width:72.95pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">621 </kbd> </td><td style="background-color:#CCEEFF;width:77pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:70pt">627 </kbd> </td><td style="background-color:#CCEEFF;width:64.85pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:58pt">356 </kbd> </td><td style="background-color:#CCEEFF;width:73.15pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">1,604 </kbd> </td></tr> <tr><td style="width:179.9pt" valign="top">Buildings and improvements </td><td style="width:14.55pt" valign="top"> </td><td style="width:72.95pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">6,576 </kbd> </td><td style="width:77pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:70pt">3,101 </kbd> </td><td style="width:64.85pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:58pt">3,862 </kbd> </td><td style="width:73.15pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">13,539 </kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:179.9pt" valign="top">Furniture, equipment and tooling </td><td style="background-color:#CCEEFF;width:14.55pt" valign="top"> </td><td style="background-color:#CCEEFF;width:72.95pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">15,842 </kbd> </td><td style="background-color:#CCEEFF;width:77pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:70pt">710 </kbd> </td><td style="background-color:#CCEEFF;width:64.85pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:58pt">1,975 </kbd> </td><td style="background-color:#CCEEFF;width:73.15pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">18,527 </kbd> </td></tr> <tr><td style="width:179.9pt" valign="top">Construction-in-progress </td><td style="width:14.55pt" valign="top"> </td><td style="width:72.95pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">19 </kbd> </td><td style="width:77pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:70pt">- </kbd> </td><td style="width:64.85pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:58pt">- </kbd> </td><td style="width:73.15pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">19 </kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:179.9pt" valign="top">Total </td><td style="background-color:#CCEEFF;width:14.55pt" valign="top"> </td><td style="background-color:#CCEEFF;width:72.95pt;border-top:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">23,058 </kbd> </td><td style="background-color:#CCEEFF;width:77pt;border-top:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:70pt">4,438 </kbd> </td><td style="background-color:#CCEEFF;width:64.85pt;border-top:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:58pt">6,193 </kbd> </td><td style="background-color:#CCEEFF;width:73.15pt;border-top:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">33,689 </kbd> </td></tr> <tr><td style="width:179.9pt" valign="top">Accumulated depreciation </td><td style="width:14.55pt" valign="top"> </td><td style="width:72.95pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">(18,930)</kbd> </td><td style="width:77pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:70pt">(1,587)</kbd> </td><td style="width:64.85pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:58pt">(3,409)</kbd> </td><td style="width:73.15pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">(23,926)</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:179.9pt" valign="top">Property and equipment, net </td><td style="background-color:#CCEEFF;width:14.55pt" valign="top"> </td><td style="background-color:#CCEEFF;width:72.95pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">4,128 </kbd> </td><td style="background-color:#CCEEFF;width:77pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:70pt">2,851 </kbd> </td><td style="background-color:#CCEEFF;width:64.85pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:58pt">2,784 </kbd> </td><td style="background-color:#CCEEFF;width:73.15pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">9,763 </kbd> </td></tr> </table>

621000

673000

403000

1697000

6675000

3332000

4378000

14385000

16033000

763000

2259000

19055000

109000

1000

110000

23438000

4768000

7041000

35247000

19401000

1888000

4050000

25339000

4037000

2880000

2991000

9908000

621000

627000

356000

1604000

6576000

3101000

3862000

13539000

15842000

710000

1975000

18527000

19000

23058000

4438000

6193000

33689000

18930000

1587000

3409000

23926000

4128000

2851000

2784000

9763000

Note 5 – Long-term Debt None in 2025 and 2024.

Note 6 – Commitments and Contingencies Purchase Obligations The Company has obligations to purchase raw materials for use in its manufacturing operations. The Company has the right to make changes in, among other things, purchase quantities, delivery schedules and order acceptance. Product Liability The Company is self-insured for product liability risk. “Product liability” is an insurance industry term for the cost of legal defense and damages awarded to patients allegedly injured as a result of use of a company’s product. The Company maintains a reserve to cover product liability litigation expenses and possible damages consistent with its experience going back decades. Although product liability litigation expenses at $1,355 in 2025, $2,139 in 2024 and $1,660 in 2023 were high relative to history, they were not material to overall consolidated financial results. The Company absorbs the costs of clinical training and trouble-shooting in its on-going operating expenses. Warranty Reserve The Company’s published warranty is: “UTMD warrants its products to conform in all material respects to all published product specifications in effect on the date of shipment, and to be free from defects in material and workmanship for a period of thirty (30) days for supplies, or twenty-four (24) months for equipment, from date of shipment. During the warranty period UTMD shall, at its option, replace any products shown to UTMD's reasonable satisfaction to be defective at no expense to the Purchaser or refund the purchase price.” UTMD maintains a warranty reserve to provide for estimated costs which are likely to occur. The amount of this reserve is adjusted, as required, to reflect its actual experience. Based on its analysis of historical warranty claims and its estimate that existing warranty obligations are immaterial, no warranty reserve was made at December 31, 2025 or December 31, 2024. Litigation The Company has been involved in lawsuits which are an expected consequence of its operations and in the ordinary course of a medical device business. Presently, except for Filshie clip lawsuits, there is no litigation or threatened litigation where UTMD is a defendant. The Company expects that the outcome of the Filshie clip litigation will not be material to overall consolidated financial results. The Company applies its accounting policy to accrue legal costs that can be reasonably estimated.

1355000 2139000 1660000

Note 7 – Income Taxes Deferred tax assets (liabilities) consist of the following temporary differences: <table style="border-collapse:collapse"><tr><td style="width:256.75pt" valign="top"> </td><td style="width:13.5pt" valign="top"> </td><td colspan="4" style="width:212.15pt" valign="top">December 31, </td></tr> <tr><td style="width:256.75pt" valign="top"></td><td style="width:13.5pt" valign="top"> </td><td style="width:71.95pt" valign="top">2025 </td><td style="width:71.95pt" valign="top">2024 </td><td style="width:67.55pt" valign="top">2023 </td></tr> <tr><td style="background-color:#CCEEFF;width:256.75pt" valign="top">Inventory write-downs and differences due to UNICAP </td><td style="background-color:#CCEEFF;width:13.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:71.95pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">254 </kbd> </td><td style="background-color:#CCEEFF;width:71.95pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">270 </kbd> </td><td style="background-color:#CCEEFF;width:67.55pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">110 </kbd> </td></tr> <tr><td style="width:256.75pt" valign="top">Allowance for doubtful accounts </td><td style="width:13.5pt" valign="top"> </td><td style="width:71.95pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">76 </kbd> </td><td style="width:71.95pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">29 </kbd> </td><td style="width:67.55pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">31 </kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:256.75pt" valign="top">Accrued liabilities and reserves </td><td style="background-color:#CCEEFF;width:13.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:71.95pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">43 </kbd> </td><td style="background-color:#CCEEFF;width:71.95pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">50 </kbd> </td><td style="background-color:#CCEEFF;width:67.55pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">90 </kbd> </td></tr> <tr><td style="width:256.75pt" valign="top">Depreciation and amortization </td><td style="width:13.5pt" valign="top"> </td><td style="width:71.95pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">(861)</kbd> </td><td style="width:71.95pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">(1,451)</kbd> </td><td style="width:67.55pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">(1,673)</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:256.75pt" valign="top">Deferred income taxes, net </td><td style="background-color:#CCEEFF;width:13.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:71.95pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">(488)</kbd> </td><td style="background-color:#CCEEFF;width:71.95pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">(1,102)</kbd> </td><td style="background-color:#CCEEFF;width:67.55pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">(1,442)</kbd> </td></tr> </table> The components of income tax expense are as follows: <table style="border-collapse:collapse"><tr><td style="width:256.9pt" valign="top"> </td><td style="width:13.5pt" valign="top"> </td><td colspan="3" style="width:212pt" valign="top">Years ended December 31, </td></tr> <tr><td style="width:256.9pt" valign="top"></td><td style="width:13.5pt" valign="top"> </td><td style="width:71.95pt" valign="top">2025 </td><td style="width:71.95pt" valign="top">2024 </td><td style="width:68.1pt" valign="top">2023 </td></tr> <tr><td style="background-color:#CCEEFF;width:256.9pt" valign="top">Current </td><td style="background-color:#CCEEFF;width:13.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:71.95pt" valign="top"> </td><td style="background-color:#CCEEFF;width:71.95pt" valign="top"> </td><td style="background-color:#CCEEFF;width:68.1pt" valign="top"> </td></tr> <tr><td style="width:256.9pt" valign="top">Federal </td><td style="width:13.5pt" valign="top"> </td><td style="width:71.95pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">2,645 </kbd> </td><td style="width:71.95pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">2,250 </kbd> </td><td style="width:68.1pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">2,298 </kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:256.9pt" valign="top">State </td><td style="background-color:#CCEEFF;width:13.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:71.95pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">474 </kbd> </td><td style="background-color:#CCEEFF;width:71.95pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">504 </kbd> </td><td style="background-color:#CCEEFF;width:68.1pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">439 </kbd> </td></tr> <tr><td style="width:256.9pt" valign="top">Foreign </td><td style="width:13.5pt" valign="top"> </td><td style="width:71.95pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">319 </kbd> </td><td style="width:71.95pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">515 </kbd> </td><td style="width:68.1pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">1,338 </kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:256.9pt" valign="top">Total Current </td><td style="background-color:#CCEEFF;width:13.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:71.95pt;border-top:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">3,438 </kbd> </td><td style="background-color:#CCEEFF;width:71.95pt;border-top:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">3,268 </kbd> </td><td style="background-color:#CCEEFF;width:68.1pt;border-top:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">4,075 </kbd> </td></tr> <tr><td style="width:256.9pt" valign="top">Deferred </td><td style="width:13.5pt" valign="top"> </td><td style="width:71.95pt" valign="top"> </td><td style="width:71.95pt" valign="top"> </td><td style="width:68.1pt" valign="top"> </td></tr> <tr><td style="background-color:#CCEEFF;width:256.9pt" valign="top">Federal </td><td style="background-color:#CCEEFF;width:13.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:71.95pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">(44)</kbd> </td><td style="background-color:#CCEEFF;width:71.95pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">110 </kbd> </td><td style="background-color:#CCEEFF;width:68.1pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">(190)</kbd> </td></tr> <tr><td style="width:256.9pt" valign="top">State </td><td style="width:13.5pt" valign="top"> </td><td style="width:71.95pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">(10)</kbd> </td><td style="width:71.95pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">65 </kbd> </td><td style="width:68.1pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">(45)</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:256.9pt" valign="top">Foreign </td><td style="background-color:#CCEEFF;width:13.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:71.95pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">(559)</kbd> </td><td style="background-color:#CCEEFF;width:71.95pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">(516)</kbd> </td><td style="background-color:#CCEEFF;width:68.1pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">(387)</kbd> </td></tr> <tr><td style="width:256.9pt" valign="top">Total Deferred </td><td style="width:13.5pt" valign="top"> </td><td style="width:71.95pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">(614)</kbd> </td><td style="width:71.95pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">(340)</kbd> </td><td style="width:68.1pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">(621)</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:256.9pt" valign="top">Total Income Tax Expense </td><td style="background-color:#CCEEFF;width:13.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:71.95pt;border-top:0.5pt solid #000000" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">2,824 </kbd> </td><td style="background-color:#CCEEFF;width:71.95pt;border-top:0.5pt solid #000000" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">2,928 </kbd> </td><td style="background-color:#CCEEFF;width:68.1pt;border-top:0.5pt solid #000000" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">3,454 </kbd> </td></tr> </table> Income tax expense differed from amounts computed by applying the statutory federal rate to pretax income as follows: <table style="margin-left:auto;border-collapse:collapse;width:100%"><tr><td style="width:36.2%" valign="top"> </td><td style="width:2.24%" valign="top"> </td><td style="width:11.72%" valign="top"> </td><td style="width:9.1%" valign="top"> </td><td colspan="3" style="width:31.56%" valign="top">Years ended December 31, </td><td style="width:9.18%" valign="top"> </td></tr> <tr><td style="width:36.2%" valign="top"> </td><td style="width:2.24%" valign="top"> </td><td style="width:11.72%" valign="top">2025 </td><td style="width:9.1%" valign="top">Percent </td><td style="width:11.72%" valign="top">2024 </td><td style="width:8.66%" valign="top">Percent </td><td style="width:11.16%" valign="top">2023 </td><td style="width:9.18%" valign="top">Percent </td></tr> <tr><td style="background-color:#CCEEFF;width:36.2%" valign="top">Federal income tax expense at the statutory rate </td><td style="background-color:#CCEEFF;width:2.24%" valign="top"> </td><td style="background-color:#CCEEFF;width:11.72%" valign="middle"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:50pt">2,477 </kbd> </td><td style="background-color:#CCEEFF;width:9.1%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:40pt">21.00%</kbd> </td><td style="background-color:#CCEEFF;width:11.72%" valign="middle"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:50pt">2,794 </kbd> </td><td style="background-color:#CCEEFF;width:8.66%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:38pt">21.00%</kbd> </td><td style="background-color:#CCEEFF;width:11.16%" valign="middle"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:47pt">2,346 </kbd> </td><td style="background-color:#CCEEFF;width:9.18%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:40pt">21.00%</kbd> </td></tr> <tr><td style="width:36.2%" valign="top">State income taxes </td><td style="width:2.24%" valign="top"> </td><td style="width:11.72%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:50pt">428 </kbd> </td><td style="width:9.1%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:40pt">3.63%</kbd> </td><td style="width:11.72%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:50pt">504 </kbd> </td><td style="width:8.66%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:38pt">3.79%</kbd> </td><td style="width:11.16%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:47pt">439 </kbd> </td><td style="width:9.18%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:40pt">3.93%</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:36.2%" valign="top">Foreign income taxes (blended rate) </td><td style="background-color:#CCEEFF;width:2.24%" valign="top"> </td><td style="background-color:#CCEEFF;width:11.72%" valign="middle"> </td><td style="background-color:#CCEEFF;width:9.1%" valign="middle"> </td><td style="background-color:#CCEEFF;width:11.72%" valign="middle"> </td><td style="background-color:#CCEEFF;width:8.66%" valign="middle"> </td><td style="background-color:#CCEEFF;width:11.16%" valign="middle"> </td><td style="background-color:#CCEEFF;width:9.18%" valign="middle"> </td></tr> <tr><td style="width:36.2%" valign="top">Ireland </td><td style="width:2.24%" valign="top"> </td><td style="width:11.72%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:50pt">602 </kbd> </td><td style="width:9.1%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:40pt">5.10%</kbd> </td><td style="width:11.72%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:50pt">802 </kbd> </td><td style="width:8.66%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:38pt">6.03%</kbd> </td><td style="width:11.16%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:47pt">1,070 </kbd> </td><td style="width:9.18%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:40pt">9.58%</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:36.2%" valign="top">United Kingdom </td><td style="background-color:#CCEEFF;width:2.24%" valign="top"> </td><td style="background-color:#CCEEFF;width:11.72%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:50pt">(839) </kbd> </td><td style="background-color:#CCEEFF;width:9.1%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:40pt">(7.11)%</kbd> </td><td style="background-color:#CCEEFF;width:11.72%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:50pt">(922)</kbd> </td><td style="background-color:#CCEEFF;width:8.66%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:38pt">(6.93)%</kbd> </td><td style="background-color:#CCEEFF;width:11.16%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:47pt">(353)</kbd> </td><td style="background-color:#CCEEFF;width:9.18%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:40pt">(3.16)%</kbd> </td></tr> <tr><td style="width:36.2%" valign="top">Other Foreign Jurisdictions </td><td style="width:2.24%" valign="top"> </td><td style="width:11.72%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:50pt">(3)</kbd> </td><td style="width:9.1%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:40pt">(0.03)%</kbd> </td><td style="width:11.72%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:50pt">119 </kbd> </td><td style="width:8.66%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:38pt">0.89%</kbd> </td><td style="width:11.16%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:47pt">233 </kbd> </td><td style="width:9.18%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:40pt">2.09%</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:36.2%" valign="top">Tax Credits </td><td style="background-color:#CCEEFF;width:2.24%" valign="top"> </td><td style="background-color:#CCEEFF;width:11.72%" valign="middle"> </td><td style="background-color:#CCEEFF;width:9.1%" valign="middle"> </td><td style="background-color:#CCEEFF;width:11.72%" valign="middle"> </td><td style="background-color:#CCEEFF;width:8.66%" valign="middle"> </td><td style="background-color:#CCEEFF;width:11.16%" valign="middle"> </td><td style="background-color:#CCEEFF;width:9.18%" valign="middle"> </td></tr> <tr><td style="width:36.2%" valign="top">Research and development tax credits </td><td style="width:2.24%" valign="top"> </td><td style="width:11.72%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:50pt">(15)</kbd> </td><td style="width:9.1%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:40pt">(0.13)%</kbd> </td><td style="width:11.72%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:50pt">(18)</kbd> </td><td style="width:8.66%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:38pt">(0.13)%</kbd> </td><td style="width:11.16%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:47pt">(3)</kbd> </td><td style="width:9.18%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:40pt">(0.03)%</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:36.2%" valign="top">Non-taxable or Non-deductible items </td><td style="background-color:#CCEEFF;width:2.24%" valign="top"> </td><td style="background-color:#CCEEFF;width:11.72%" valign="middle"> </td><td style="background-color:#CCEEFF;width:9.1%" valign="middle"> </td><td style="background-color:#CCEEFF;width:11.72%" valign="middle"> </td><td style="background-color:#CCEEFF;width:8.66%" valign="middle"> </td><td style="background-color:#CCEEFF;width:11.16%" valign="middle"> </td><td style="background-color:#CCEEFF;width:9.18%" valign="middle"> </td></tr> <tr><td style="width:36.2%" valign="top">Tax-exempt income </td><td style="width:2.24%" valign="top"> </td><td style="width:11.72%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:50pt">(165)</kbd> </td><td style="width:9.1%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:40pt">(1.40)%</kbd> </td><td style="width:11.72%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:50pt">(201)</kbd> </td><td style="width:8.66%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:38pt">(1.51)%</kbd> </td><td style="width:11.16%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:47pt">(195)</kbd> </td><td style="width:9.18%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:40pt">(1.75)%</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:36.2%" valign="top">Other </td><td style="background-color:#CCEEFF;width:2.24%" valign="top"> </td><td style="background-color:#CCEEFF;width:11.72%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:50pt">30 </kbd> </td><td style="background-color:#CCEEFF;width:9.1%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:40pt">0.25%</kbd> </td><td style="background-color:#CCEEFF;width:11.72%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:50pt">31 </kbd> </td><td style="background-color:#CCEEFF;width:8.66%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:38pt">0.23%</kbd> </td><td style="background-color:#CCEEFF;width:11.16%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:47pt">33 </kbd> </td><td style="background-color:#CCEEFF;width:9.18%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:40pt">0.29%</kbd> </td></tr> <tr><td style="width:36.2%" valign="top">Other Adjustments </td><td style="width:2.24%" valign="top"> </td><td style="width:11.72%" valign="middle"> </td><td style="width:9.1%" valign="middle"> </td><td style="width:11.72%" valign="middle"> </td><td style="width:8.66%" valign="middle"> </td><td style="width:11.16%" valign="middle"> </td><td style="width:9.18%" valign="middle"> </td></tr> <tr><td style="background-color:#CCEEFF;width:36.2%" valign="top">Section 965 Tax </td><td style="background-color:#CCEEFF;width:2.24%" valign="top"> </td><td style="background-color:#CCEEFF;width:11.72%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:50pt">353 </kbd> </td><td style="background-color:#CCEEFF;width:9.1%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:40pt">2.99%</kbd> </td><td style="background-color:#CCEEFF;width:11.72%" valign="middle"> </td><td style="background-color:#CCEEFF;width:8.66%" valign="middle"> </td><td style="background-color:#CCEEFF;width:11.16%" valign="middle"> </td><td style="background-color:#CCEEFF;width:9.18%" valign="middle"> </td></tr> <tr><td style="width:36.2%" valign="top">Other Adjustments </td><td style="width:2.24%" valign="top"> </td><td style="width:11.72%;border-bottom:0.5pt solid #000000" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:50pt">(43)</kbd> </td><td style="width:9.1%;border-bottom:0.5pt solid #000000" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:40pt">(0.37)%</kbd> </td><td style="width:11.72%;border-bottom:0.5pt solid #000000" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:50pt">(182)</kbd> </td><td style="width:8.66%;border-bottom:0.5pt solid #000000" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:38pt">(1.36)%</kbd> </td><td style="width:11.16%;border-bottom:0.5pt solid #000000" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:47pt">(117)</kbd> </td><td style="width:9.18%;border-bottom:0.5pt solid #000000" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:40pt">(1.04)%</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:36.2%" valign="top">Total </td><td style="background-color:#CCEEFF;width:2.24%" valign="top"> </td><td style="background-color:#CCEEFF;width:11.72%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="middle"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:50pt">2,824 </kbd> </td><td style="background-color:#CCEEFF;width:9.1%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:40pt">23.94%</kbd> </td><td style="background-color:#CCEEFF;width:11.72%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="middle"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:50pt">2,928 </kbd> </td><td style="background-color:#CCEEFF;width:8.66%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:38pt">22.01%</kbd> </td><td style="background-color:#CCEEFF;width:11.16%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="middle"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:47pt">3,454 </kbd> </td><td style="background-color:#CCEEFF;width:9.18%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:40pt">30.92%</kbd> </td></tr> </table> The domestic and foreign components of income before income tax expense were as follows: <table style="border-collapse:collapse"><tr><td style="width:256.9pt" valign="top"> </td><td style="width:13.5pt" valign="top"> </td><td colspan="3" style="width:212pt" valign="top">Years ended December 31, </td></tr> <tr><td style="width:256.9pt" valign="top"></td><td style="width:13.5pt" valign="top"> </td><td style="width:72.05pt" valign="top">2025 </td><td style="width:72.05pt" valign="top">2024 </td><td style="width:67.9pt" valign="top">2023 </td></tr> <tr><td style="background-color:#CCEEFF;width:256.9pt" valign="top">Domestic </td><td style="background-color:#CCEEFF;width:13.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:72.05pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">11,798</kbd> </td><td style="background-color:#CCEEFF;width:72.05pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">13,306</kbd> </td><td style="background-color:#CCEEFF;width:67.9pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">11,170</kbd> </td></tr> <tr><td style="width:256.9pt" valign="top">Foreign </td><td style="width:13.5pt" valign="top"> </td><td style="width:72.05pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">2,312</kbd> </td><td style="width:72.05pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">3,496</kbd> </td><td style="width:67.9pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">8,919</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:256.9pt" valign="top">Total </td><td style="background-color:#CCEEFF;width:13.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:72.05pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">14,110</kbd> </td><td style="background-color:#CCEEFF;width:72.05pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">16,802</kbd> </td><td style="background-color:#CCEEFF;width:67.9pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">20,089</kbd> </td></tr> </table> Income Taxes Paid (Net of refunds received): <table style="border-collapse:collapse"><tr><td style="width:256.9pt" valign="top"> </td><td style="width:13.5pt" valign="top"> </td><td colspan="3" style="width:212pt" valign="top">Years ended December 31, </td></tr> <tr><td style="width:256.9pt" valign="top"></td><td style="width:13.5pt" valign="top"> </td><td style="width:72.05pt" valign="top">2025 </td><td style="width:72.05pt" valign="top">2024 </td><td style="width:67.9pt" valign="top">2023 </td></tr> <tr><td style="background-color:#CCEEFF;width:256.9pt" valign="top">Federal </td><td style="background-color:#CCEEFF;width:13.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:72.05pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">2,904</kbd> </td><td style="background-color:#CCEEFF;width:72.05pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">2,937</kbd> </td><td style="background-color:#CCEEFF;width:67.9pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">2,040</kbd> </td></tr> <tr><td style="width:256.9pt" valign="top">State </td><td style="width:13.5pt" valign="top"> </td><td style="width:72.05pt" valign="top"> </td><td style="width:72.05pt" valign="top"> </td><td style="width:67.9pt" valign="top"> </td></tr> <tr><td style="background-color:#CCEEFF;width:256.9pt" valign="top">Utah </td><td style="background-color:#CCEEFF;width:13.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:72.05pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">670</kbd> </td><td style="background-color:#CCEEFF;width:72.05pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">701</kbd> </td><td style="background-color:#CCEEFF;width:67.9pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">556</kbd> </td></tr> <tr><td style="width:256.9pt" valign="top">Other </td><td style="width:13.5pt" valign="top"> </td><td style="width:72.05pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">11</kbd> </td><td style="width:72.05pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">11</kbd> </td><td style="width:67.9pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">12</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:256.9pt" valign="top">Foreign </td><td style="background-color:#CCEEFF;width:13.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:72.05pt" valign="top"> </td><td style="background-color:#CCEEFF;width:72.05pt" valign="top"> </td><td style="background-color:#CCEEFF;width:67.9pt" valign="top"> </td></tr> <tr><td style="width:256.9pt" valign="top">Ireland </td><td style="width:13.5pt" valign="top"> </td><td style="width:72.05pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">517</kbd> </td><td style="width:72.05pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">781</kbd> </td><td style="width:67.9pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">1,110</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:256.9pt" valign="top">Other </td><td style="background-color:#CCEEFF;width:13.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:72.05pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">201</kbd> </td><td style="background-color:#CCEEFF;width:72.05pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">248</kbd> </td><td style="background-color:#CCEEFF;width:67.9pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">365</kbd> </td></tr> <tr><td style="width:256.9pt" valign="top">Total </td><td style="width:13.5pt" valign="top"> </td><td style="width:72.05pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">4,302</kbd> </td><td style="width:72.05pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">4,678</kbd> </td><td style="width:67.9pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">4,083</kbd> </td></tr> </table>

<table style="border-collapse:collapse"><tr><td style="width:256.75pt" valign="top"> </td><td style="width:13.5pt" valign="top"> </td><td colspan="4" style="width:212.15pt" valign="top">December 31, </td></tr> <tr><td style="width:256.75pt" valign="top"></td><td style="width:13.5pt" valign="top"> </td><td style="width:71.95pt" valign="top">2025 </td><td style="width:71.95pt" valign="top">2024 </td><td style="width:67.55pt" valign="top">2023 </td></tr> <tr><td style="background-color:#CCEEFF;width:256.75pt" valign="top">Inventory write-downs and differences due to UNICAP </td><td style="background-color:#CCEEFF;width:13.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:71.95pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">254 </kbd> </td><td style="background-color:#CCEEFF;width:71.95pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">270 </kbd> </td><td style="background-color:#CCEEFF;width:67.55pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">110 </kbd> </td></tr> <tr><td style="width:256.75pt" valign="top">Allowance for doubtful accounts </td><td style="width:13.5pt" valign="top"> </td><td style="width:71.95pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">76 </kbd> </td><td style="width:71.95pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">29 </kbd> </td><td style="width:67.55pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">31 </kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:256.75pt" valign="top">Accrued liabilities and reserves </td><td style="background-color:#CCEEFF;width:13.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:71.95pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">43 </kbd> </td><td style="background-color:#CCEEFF;width:71.95pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">50 </kbd> </td><td style="background-color:#CCEEFF;width:67.55pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">90 </kbd> </td></tr> <tr><td style="width:256.75pt" valign="top">Depreciation and amortization </td><td style="width:13.5pt" valign="top"> </td><td style="width:71.95pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">(861)</kbd> </td><td style="width:71.95pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">(1,451)</kbd> </td><td style="width:67.55pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">(1,673)</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:256.75pt" valign="top">Deferred income taxes, net </td><td style="background-color:#CCEEFF;width:13.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:71.95pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">(488)</kbd> </td><td style="background-color:#CCEEFF;width:71.95pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">(1,102)</kbd> </td><td style="background-color:#CCEEFF;width:67.55pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">(1,442)</kbd> </td></tr> </table>

254000

270000

110000

76000

29000

31000

43000

50000

90000

861000 1451000 1673000

488000

1102000

1442000

<table style="border-collapse:collapse"><tr><td style="width:256.9pt" valign="top"> </td><td style="width:13.5pt" valign="top"> </td><td colspan="3" style="width:212pt" valign="top">Years ended December 31, </td></tr> <tr><td style="width:256.9pt" valign="top"></td><td style="width:13.5pt" valign="top"> </td><td style="width:71.95pt" valign="top">2025 </td><td style="width:71.95pt" valign="top">2024 </td><td style="width:68.1pt" valign="top">2023 </td></tr> <tr><td style="background-color:#CCEEFF;width:256.9pt" valign="top">Current </td><td style="background-color:#CCEEFF;width:13.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:71.95pt" valign="top"> </td><td style="background-color:#CCEEFF;width:71.95pt" valign="top"> </td><td style="background-color:#CCEEFF;width:68.1pt" valign="top"> </td></tr> <tr><td style="width:256.9pt" valign="top">Federal </td><td style="width:13.5pt" valign="top"> </td><td style="width:71.95pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">2,645 </kbd> </td><td style="width:71.95pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">2,250 </kbd> </td><td style="width:68.1pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">2,298 </kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:256.9pt" valign="top">State </td><td style="background-color:#CCEEFF;width:13.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:71.95pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">474 </kbd> </td><td style="background-color:#CCEEFF;width:71.95pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">504 </kbd> </td><td style="background-color:#CCEEFF;width:68.1pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">439 </kbd> </td></tr> <tr><td style="width:256.9pt" valign="top">Foreign </td><td style="width:13.5pt" valign="top"> </td><td style="width:71.95pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">319 </kbd> </td><td style="width:71.95pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">515 </kbd> </td><td style="width:68.1pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">1,338 </kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:256.9pt" valign="top">Total Current </td><td style="background-color:#CCEEFF;width:13.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:71.95pt;border-top:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">3,438 </kbd> </td><td style="background-color:#CCEEFF;width:71.95pt;border-top:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">3,268 </kbd> </td><td style="background-color:#CCEEFF;width:68.1pt;border-top:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">4,075 </kbd> </td></tr> <tr><td style="width:256.9pt" valign="top">Deferred </td><td style="width:13.5pt" valign="top"> </td><td style="width:71.95pt" valign="top"> </td><td style="width:71.95pt" valign="top"> </td><td style="width:68.1pt" valign="top"> </td></tr> <tr><td style="background-color:#CCEEFF;width:256.9pt" valign="top">Federal </td><td style="background-color:#CCEEFF;width:13.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:71.95pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">(44)</kbd> </td><td style="background-color:#CCEEFF;width:71.95pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">110 </kbd> </td><td style="background-color:#CCEEFF;width:68.1pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">(190)</kbd> </td></tr> <tr><td style="width:256.9pt" valign="top">State </td><td style="width:13.5pt" valign="top"> </td><td style="width:71.95pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">(10)</kbd> </td><td style="width:71.95pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">65 </kbd> </td><td style="width:68.1pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">(45)</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:256.9pt" valign="top">Foreign </td><td style="background-color:#CCEEFF;width:13.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:71.95pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">(559)</kbd> </td><td style="background-color:#CCEEFF;width:71.95pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">(516)</kbd> </td><td style="background-color:#CCEEFF;width:68.1pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">(387)</kbd> </td></tr> <tr><td style="width:256.9pt" valign="top">Total Deferred </td><td style="width:13.5pt" valign="top"> </td><td style="width:71.95pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">(614)</kbd> </td><td style="width:71.95pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">(340)</kbd> </td><td style="width:68.1pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">(621)</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:256.9pt" valign="top">Total Income Tax Expense </td><td style="background-color:#CCEEFF;width:13.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:71.95pt;border-top:0.5pt solid #000000" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">2,824 </kbd> </td><td style="background-color:#CCEEFF;width:71.95pt;border-top:0.5pt solid #000000" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">2,928 </kbd> </td><td style="background-color:#CCEEFF;width:68.1pt;border-top:0.5pt solid #000000" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">3,454 </kbd> </td></tr> </table>

2645000

2250000

2298000

474000

504000

439000

319000

515000

1338000

3438000

3268000

4075000

-44000

110000

-190000

-10000

65000

-45000

-559000

-516000

-387000

-614000

-340000

-621000

2824000

2928000

3454000

<table style="margin-left:auto;border-collapse:collapse;width:100%"><tr><td style="width:36.2%" valign="top"> </td><td style="width:2.24%" valign="top"> </td><td style="width:11.72%" valign="top"> </td><td style="width:9.1%" valign="top"> </td><td colspan="3" style="width:31.56%" valign="top">Years ended December 31, </td><td style="width:9.18%" valign="top"> </td></tr> <tr><td style="width:36.2%" valign="top"> </td><td style="width:2.24%" valign="top"> </td><td style="width:11.72%" valign="top">2025 </td><td style="width:9.1%" valign="top">Percent </td><td style="width:11.72%" valign="top">2024 </td><td style="width:8.66%" valign="top">Percent </td><td style="width:11.16%" valign="top">2023 </td><td style="width:9.18%" valign="top">Percent </td></tr> <tr><td style="background-color:#CCEEFF;width:36.2%" valign="top">Federal income tax expense at the statutory rate </td><td style="background-color:#CCEEFF;width:2.24%" valign="top"> </td><td style="background-color:#CCEEFF;width:11.72%" valign="middle"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:50pt">2,477 </kbd> </td><td style="background-color:#CCEEFF;width:9.1%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:40pt">21.00%</kbd> </td><td style="background-color:#CCEEFF;width:11.72%" valign="middle"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:50pt">2,794 </kbd> </td><td style="background-color:#CCEEFF;width:8.66%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:38pt">21.00%</kbd> </td><td style="background-color:#CCEEFF;width:11.16%" valign="middle"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:47pt">2,346 </kbd> </td><td style="background-color:#CCEEFF;width:9.18%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:40pt">21.00%</kbd> </td></tr> <tr><td style="width:36.2%" valign="top">State income taxes </td><td style="width:2.24%" valign="top"> </td><td style="width:11.72%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:50pt">428 </kbd> </td><td style="width:9.1%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:40pt">3.63%</kbd> </td><td style="width:11.72%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:50pt">504 </kbd> </td><td style="width:8.66%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:38pt">3.79%</kbd> </td><td style="width:11.16%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:47pt">439 </kbd> </td><td style="width:9.18%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:40pt">3.93%</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:36.2%" valign="top">Foreign income taxes (blended rate) </td><td style="background-color:#CCEEFF;width:2.24%" valign="top"> </td><td style="background-color:#CCEEFF;width:11.72%" valign="middle"> </td><td style="background-color:#CCEEFF;width:9.1%" valign="middle"> </td><td style="background-color:#CCEEFF;width:11.72%" valign="middle"> </td><td style="background-color:#CCEEFF;width:8.66%" valign="middle"> </td><td style="background-color:#CCEEFF;width:11.16%" valign="middle"> </td><td style="background-color:#CCEEFF;width:9.18%" valign="middle"> </td></tr> <tr><td style="width:36.2%" valign="top">Ireland </td><td style="width:2.24%" valign="top"> </td><td style="width:11.72%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:50pt">602 </kbd> </td><td style="width:9.1%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:40pt">5.10%</kbd> </td><td style="width:11.72%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:50pt">802 </kbd> </td><td style="width:8.66%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:38pt">6.03%</kbd> </td><td style="width:11.16%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:47pt">1,070 </kbd> </td><td style="width:9.18%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:40pt">9.58%</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:36.2%" valign="top">United Kingdom </td><td style="background-color:#CCEEFF;width:2.24%" valign="top"> </td><td style="background-color:#CCEEFF;width:11.72%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:50pt">(839) </kbd> </td><td style="background-color:#CCEEFF;width:9.1%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:40pt">(7.11)%</kbd> </td><td style="background-color:#CCEEFF;width:11.72%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:50pt">(922)</kbd> </td><td style="background-color:#CCEEFF;width:8.66%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:38pt">(6.93)%</kbd> </td><td style="background-color:#CCEEFF;width:11.16%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:47pt">(353)</kbd> </td><td style="background-color:#CCEEFF;width:9.18%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:40pt">(3.16)%</kbd> </td></tr> <tr><td style="width:36.2%" valign="top">Other Foreign Jurisdictions </td><td style="width:2.24%" valign="top"> </td><td style="width:11.72%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:50pt">(3)</kbd> </td><td style="width:9.1%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:40pt">(0.03)%</kbd> </td><td style="width:11.72%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:50pt">119 </kbd> </td><td style="width:8.66%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:38pt">0.89%</kbd> </td><td style="width:11.16%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:47pt">233 </kbd> </td><td style="width:9.18%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:40pt">2.09%</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:36.2%" valign="top">Tax Credits </td><td style="background-color:#CCEEFF;width:2.24%" valign="top"> </td><td style="background-color:#CCEEFF;width:11.72%" valign="middle"> </td><td style="background-color:#CCEEFF;width:9.1%" valign="middle"> </td><td style="background-color:#CCEEFF;width:11.72%" valign="middle"> </td><td style="background-color:#CCEEFF;width:8.66%" valign="middle"> </td><td style="background-color:#CCEEFF;width:11.16%" valign="middle"> </td><td style="background-color:#CCEEFF;width:9.18%" valign="middle"> </td></tr> <tr><td style="width:36.2%" valign="top">Research and development tax credits </td><td style="width:2.24%" valign="top"> </td><td style="width:11.72%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:50pt">(15)</kbd> </td><td style="width:9.1%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:40pt">(0.13)%</kbd> </td><td style="width:11.72%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:50pt">(18)</kbd> </td><td style="width:8.66%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:38pt">(0.13)%</kbd> </td><td style="width:11.16%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:47pt">(3)</kbd> </td><td style="width:9.18%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:40pt">(0.03)%</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:36.2%" valign="top">Non-taxable or Non-deductible items </td><td style="background-color:#CCEEFF;width:2.24%" valign="top"> </td><td style="background-color:#CCEEFF;width:11.72%" valign="middle"> </td><td style="background-color:#CCEEFF;width:9.1%" valign="middle"> </td><td style="background-color:#CCEEFF;width:11.72%" valign="middle"> </td><td style="background-color:#CCEEFF;width:8.66%" valign="middle"> </td><td style="background-color:#CCEEFF;width:11.16%" valign="middle"> </td><td style="background-color:#CCEEFF;width:9.18%" valign="middle"> </td></tr> <tr><td style="width:36.2%" valign="top">Tax-exempt income </td><td style="width:2.24%" valign="top"> </td><td style="width:11.72%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:50pt">(165)</kbd> </td><td style="width:9.1%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:40pt">(1.40)%</kbd> </td><td style="width:11.72%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:50pt">(201)</kbd> </td><td style="width:8.66%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:38pt">(1.51)%</kbd> </td><td style="width:11.16%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:47pt">(195)</kbd> </td><td style="width:9.18%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:40pt">(1.75)%</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:36.2%" valign="top">Other </td><td style="background-color:#CCEEFF;width:2.24%" valign="top"> </td><td style="background-color:#CCEEFF;width:11.72%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:50pt">30 </kbd> </td><td style="background-color:#CCEEFF;width:9.1%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:40pt">0.25%</kbd> </td><td style="background-color:#CCEEFF;width:11.72%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:50pt">31 </kbd> </td><td style="background-color:#CCEEFF;width:8.66%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:38pt">0.23%</kbd> </td><td style="background-color:#CCEEFF;width:11.16%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:47pt">33 </kbd> </td><td style="background-color:#CCEEFF;width:9.18%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:40pt">0.29%</kbd> </td></tr> <tr><td style="width:36.2%" valign="top">Other Adjustments </td><td style="width:2.24%" valign="top"> </td><td style="width:11.72%" valign="middle"> </td><td style="width:9.1%" valign="middle"> </td><td style="width:11.72%" valign="middle"> </td><td style="width:8.66%" valign="middle"> </td><td style="width:11.16%" valign="middle"> </td><td style="width:9.18%" valign="middle"> </td></tr> <tr><td style="background-color:#CCEEFF;width:36.2%" valign="top">Section 965 Tax </td><td style="background-color:#CCEEFF;width:2.24%" valign="top"> </td><td style="background-color:#CCEEFF;width:11.72%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:50pt">353 </kbd> </td><td style="background-color:#CCEEFF;width:9.1%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:40pt">2.99%</kbd> </td><td style="background-color:#CCEEFF;width:11.72%" valign="middle"> </td><td style="background-color:#CCEEFF;width:8.66%" valign="middle"> </td><td style="background-color:#CCEEFF;width:11.16%" valign="middle"> </td><td style="background-color:#CCEEFF;width:9.18%" valign="middle"> </td></tr> <tr><td style="width:36.2%" valign="top">Other Adjustments </td><td style="width:2.24%" valign="top"> </td><td style="width:11.72%;border-bottom:0.5pt solid #000000" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:50pt">(43)</kbd> </td><td style="width:9.1%;border-bottom:0.5pt solid #000000" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:40pt">(0.37)%</kbd> </td><td style="width:11.72%;border-bottom:0.5pt solid #000000" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:50pt">(182)</kbd> </td><td style="width:8.66%;border-bottom:0.5pt solid #000000" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:38pt">(1.36)%</kbd> </td><td style="width:11.16%;border-bottom:0.5pt solid #000000" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:47pt">(117)</kbd> </td><td style="width:9.18%;border-bottom:0.5pt solid #000000" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:40pt">(1.04)%</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:36.2%" valign="top">Total </td><td style="background-color:#CCEEFF;width:2.24%" valign="top"> </td><td style="background-color:#CCEEFF;width:11.72%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="middle"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:50pt">2,824 </kbd> </td><td style="background-color:#CCEEFF;width:9.1%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:40pt">23.94%</kbd> </td><td style="background-color:#CCEEFF;width:11.72%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="middle"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:50pt">2,928 </kbd> </td><td style="background-color:#CCEEFF;width:8.66%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:38pt">22.01%</kbd> </td><td style="background-color:#CCEEFF;width:11.16%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="middle"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:47pt">3,454 </kbd> </td><td style="background-color:#CCEEFF;width:9.18%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:40pt">30.92%</kbd> </td></tr> </table>

2477000

0.21

2794000

0.21

2346000

0.21

428000

0.0363

504000

0.0379

439000

0.0393

602000 0.051 802000 0.0603 1070000 0.0958 -839000 -0.0711 -922000 -0.0693 -353000 -0.0316 -3000 -0.0003 119000 0.0089 233000 0.0209

15000

0.0013

18000

0.0013

3000

0.0003

-165000 -0.014 -201000 -0.0151 -195000 -0.0175

30000

0.0025

31000

0.0023

33000

0.0029

353000 0.0299

-43000

-0.0037

-182000

-0.0136

-117000

-0.0104

2824000

0.2394

2928000

0.2201

3454000

0.3092

11798000

13306000

11170000

2312000

3496000

8919000

14110000

16802000

20089000

<table style="border-collapse:collapse"><tr><td style="width:256.9pt" valign="top"> </td><td style="width:13.5pt" valign="top"> </td><td colspan="3" style="width:212pt" valign="top">Years ended December 31, </td></tr> <tr><td style="width:256.9pt" valign="top"></td><td style="width:13.5pt" valign="top"> </td><td style="width:72.05pt" valign="top">2025 </td><td style="width:72.05pt" valign="top">2024 </td><td style="width:67.9pt" valign="top">2023 </td></tr> <tr><td style="background-color:#CCEEFF;width:256.9pt" valign="top">Federal </td><td style="background-color:#CCEEFF;width:13.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:72.05pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">2,904</kbd> </td><td style="background-color:#CCEEFF;width:72.05pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">2,937</kbd> </td><td style="background-color:#CCEEFF;width:67.9pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">2,040</kbd> </td></tr> <tr><td style="width:256.9pt" valign="top">State </td><td style="width:13.5pt" valign="top"> </td><td style="width:72.05pt" valign="top"> </td><td style="width:72.05pt" valign="top"> </td><td style="width:67.9pt" valign="top"> </td></tr> <tr><td style="background-color:#CCEEFF;width:256.9pt" valign="top">Utah </td><td style="background-color:#CCEEFF;width:13.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:72.05pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">670</kbd> </td><td style="background-color:#CCEEFF;width:72.05pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">701</kbd> </td><td style="background-color:#CCEEFF;width:67.9pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">556</kbd> </td></tr> <tr><td style="width:256.9pt" valign="top">Other </td><td style="width:13.5pt" valign="top"> </td><td style="width:72.05pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">11</kbd> </td><td style="width:72.05pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">11</kbd> </td><td style="width:67.9pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">12</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:256.9pt" valign="top">Foreign </td><td style="background-color:#CCEEFF;width:13.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:72.05pt" valign="top"> </td><td style="background-color:#CCEEFF;width:72.05pt" valign="top"> </td><td style="background-color:#CCEEFF;width:67.9pt" valign="top"> </td></tr> <tr><td style="width:256.9pt" valign="top">Ireland </td><td style="width:13.5pt" valign="top"> </td><td style="width:72.05pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">517</kbd> </td><td style="width:72.05pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">781</kbd> </td><td style="width:67.9pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">1,110</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:256.9pt" valign="top">Other </td><td style="background-color:#CCEEFF;width:13.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:72.05pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">201</kbd> </td><td style="background-color:#CCEEFF;width:72.05pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">248</kbd> </td><td style="background-color:#CCEEFF;width:67.9pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">365</kbd> </td></tr> <tr><td style="width:256.9pt" valign="top">Total </td><td style="width:13.5pt" valign="top"> </td><td style="width:72.05pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">4,302</kbd> </td><td style="width:72.05pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:65pt">4,678</kbd> </td><td style="width:67.9pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">4,083</kbd> </td></tr> </table>

2904000

2937000

2040000

670000

701000

556000

11000

12000

517000

781000

1110000

201000

248000

365000

4302000

4678000

4083000

Note 8 – Options The Company has stock option plans which authorize the grant of stock options to eligible employees, directors and other individuals to purchase up to an aggregate of 275 thousand shares of common stock, of which 121 thousand are outstanding as of December 31, 2025. All options granted under the plans are granted at current market value at the date of grant, and may be exercised between six months and ten years following the date of grant. The plans are intended to advance the interest of the Company by attracting and ensuring retention of competent directors, employees and executive personnel, and to provide incentives to those individuals to devote their utmost efforts to the advancement of stockholder value. Changes in stock options were as follows: <table style="border-collapse:collapse"><tr><td style="width:256.75pt" valign="top"> </td><td style="width:45.05pt" valign="top">Shares </td><td style="width:13.5pt" valign="top"> </td><td colspan="3" style="width:167.1pt" valign="top">Price Range </td></tr> <tr><td style="width:256.75pt" valign="top"> </td><td style="width:45.05pt" valign="top">(000’s) </td><td style="width:13.5pt" valign="top"> </td><td colspan="3" style="width:167.1pt" valign="top">Per Share </td></tr> <tr><td style="background-color:#CCEEFF;width:256.75pt" valign="top">2025 </td><td style="background-color:#CCEEFF;width:45.05pt" valign="top"> </td><td style="background-color:#CCEEFF;width:13.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:74.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:12.15pt" valign="top"> </td><td style="background-color:#CCEEFF;width:80.45pt" valign="top"> </td></tr> <tr><td style="width:256.75pt" valign="top">Granted </td><td style="width:45.05pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:38pt">24</kbd> </td><td style="width:13.5pt" valign="top"> </td><td style="width:74.5pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:67pt">58.10</kbd> </td><td style="width:12.15pt" valign="top"> </td><td style="width:80.45pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:73pt">58.10</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:256.75pt" valign="top">Expired or canceled </td><td style="background-color:#CCEEFF;width:45.05pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:38pt">0.7</kbd> </td><td style="background-color:#CCEEFF;width:13.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:74.5pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:67pt">77.07</kbd> </td><td style="background-color:#CCEEFF;width:12.15pt" valign="top"> </td><td style="background-color:#CCEEFF;width:80.45pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:73pt">82.60</kbd> </td></tr> <tr><td style="width:256.75pt" valign="top">Exercised </td><td style="width:45.05pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:38pt">-</kbd> </td><td style="width:13.5pt" valign="top"> </td><td style="width:74.5pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:67pt">-</kbd> </td><td style="width:12.15pt" valign="top"> </td><td style="width:80.45pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:73pt">-</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:256.75pt" valign="top">Total outstanding at December 31 </td><td style="background-color:#CCEEFF;width:45.05pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:38pt">121</kbd> </td><td style="background-color:#CCEEFF;width:13.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:74.5pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:67pt">58.10</kbd> </td><td style="background-color:#CCEEFF;width:12.15pt" valign="top"> </td><td style="background-color:#CCEEFF;width:80.45pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:73pt">82.60</kbd> </td></tr> <tr><td style="width:256.75pt" valign="top">Total exercisable at December 31 </td><td style="width:45.05pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:38pt">65</kbd> </td><td style="width:13.5pt" valign="top"> </td><td style="width:74.5pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:67pt">58.10</kbd> </td><td style="width:12.15pt" valign="top"> </td><td style="width:80.45pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:73pt">82.60</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:256.75pt" valign="top"> </td><td style="background-color:#CCEEFF;width:45.05pt" valign="top"> </td><td style="background-color:#CCEEFF;width:13.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:74.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:12.15pt" valign="top"> </td><td style="background-color:#CCEEFF;width:80.45pt" valign="top"> </td></tr> <tr><td style="width:256.75pt" valign="top">2024 </td><td style="width:45.05pt" valign="top"> </td><td style="width:13.5pt" valign="top"> </td><td style="width:74.5pt" valign="top"> </td><td style="width:12.15pt" valign="top"> </td><td style="width:80.45pt" valign="top"> </td></tr> <tr><td style="background-color:#CCEEFF;width:256.75pt" valign="top">Granted </td><td style="background-color:#CCEEFF;width:45.05pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:38pt">25</kbd> </td><td style="background-color:#CCEEFF;width:13.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:74.5pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:67pt">64.09</kbd> </td><td style="background-color:#CCEEFF;width:12.15pt" valign="top"> </td><td style="background-color:#CCEEFF;width:80.45pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:73pt">64.09</kbd> </td></tr> <tr><td style="width:256.75pt" valign="top">Expired or canceled </td><td style="width:45.05pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:38pt">3</kbd> </td><td style="width:13.5pt" valign="top"> </td><td style="width:74.5pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:67pt">49.18</kbd> </td><td style="width:12.15pt" valign="top"> </td><td style="width:80.45pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:73pt">82.60</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:256.75pt" valign="top">Exercised </td><td style="background-color:#CCEEFF;width:45.05pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:38pt">8</kbd> </td><td style="background-color:#CCEEFF;width:13.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:74.5pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:67pt">49.18</kbd> </td><td style="background-color:#CCEEFF;width:12.15pt" valign="top"> </td><td style="background-color:#CCEEFF;width:80.45pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:73pt">58.50</kbd> </td></tr> <tr><td style="width:256.75pt" valign="top">Total outstanding at December 31 </td><td style="width:45.05pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:38pt">98</kbd> </td><td style="width:13.5pt" valign="top"> </td><td style="width:74.5pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:67pt">58.50</kbd> </td><td style="width:12.15pt" valign="top"> </td><td style="width:80.45pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:73pt">82.60</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:256.75pt" valign="top">Total exercisable at December 31 </td><td style="background-color:#CCEEFF;width:45.05pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:38pt">52</kbd> </td><td style="background-color:#CCEEFF;width:13.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:74.5pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:67pt">58.50</kbd> </td><td style="background-color:#CCEEFF;width:12.15pt" valign="top"> </td><td style="background-color:#CCEEFF;width:80.45pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:73pt">82.60</kbd> </td></tr> <tr><td style="width:256.75pt" valign="top"> </td><td style="width:45.05pt" valign="top"> </td><td style="width:13.5pt" valign="top"> </td><td style="width:74.5pt" valign="top"> </td><td style="width:12.15pt" valign="top"> </td><td style="width:80.45pt" valign="top"> </td></tr> <tr><td style="background-color:#CCEEFF;width:256.75pt" valign="top">2023 </td><td style="background-color:#CCEEFF;width:45.05pt" valign="top"> </td><td style="background-color:#CCEEFF;width:13.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:74.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:12.15pt" valign="top"> </td><td style="background-color:#CCEEFF;width:80.45pt" valign="top"> </td></tr> <tr><td style="width:256.75pt" valign="top">Granted </td><td style="width:45.05pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:38pt">19</kbd> </td><td style="width:13.5pt" valign="top"> </td><td style="width:74.5pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:67pt">77.07</kbd> </td><td style="width:12.15pt" valign="top"> </td><td style="width:80.45pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:73pt">77.07</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:256.75pt" valign="top">Expired or canceled </td><td style="background-color:#CCEEFF;width:45.05pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:38pt">0.4</kbd> </td><td style="background-color:#CCEEFF;width:13.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:74.5pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:67pt">77.05</kbd> </td><td style="background-color:#CCEEFF;width:12.15pt" valign="top"> </td><td style="background-color:#CCEEFF;width:80.45pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:73pt">77.05</kbd> </td></tr> <tr><td style="width:256.75pt" valign="top">Exercised </td><td style="width:45.05pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:38pt">2</kbd> </td><td style="width:13.5pt" valign="top"> </td><td style="width:74.5pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:67pt">49.18</kbd> </td><td style="width:12.15pt" valign="top"> </td><td style="width:80.45pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:73pt">77.05</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:256.75pt" valign="top">Total outstanding at December 31 </td><td style="background-color:#CCEEFF;width:45.05pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:38pt">84</kbd> </td><td style="background-color:#CCEEFF;width:13.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:74.5pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:67pt">49.18</kbd> </td><td style="background-color:#CCEEFF;width:12.15pt" valign="top"> </td><td style="background-color:#CCEEFF;width:80.45pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:73pt">82.60</kbd> </td></tr> <tr><td style="width:256.75pt" valign="top">Total exercisable at December 31 </td><td style="width:45.05pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:38pt">50</kbd> </td><td style="width:13.5pt" valign="top"> </td><td style="width:74.5pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:67pt">49.18</kbd> </td><td style="width:12.15pt" valign="top"> </td><td style="width:80.45pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:73pt">82.60</kbd> </td></tr> </table> For the years ended December 31, 2025, 2024 and 2023, the Company reduced current income taxes payable by $0, $20 and $12, respectively, for the income tax benefit attributable to sale by optionees of common stock received upon the exercise of stock options. Stock-Based Compensation In 2025, the Company recognized $373 in equity compensation cost, compared to $255 in 2024 and $225 in 2023. The fair value of each option grant is estimated on the date of grant using the Black-Scholes option pricing model with the following weighted average assumptions: <table style="border-collapse:collapse"><tr><td style="width:247.45pt" valign="top"> </td><td style="width:18.05pt" valign="top"> </td><td colspan="3" style="width:216.9pt" valign="top">Years ended December 31, </td></tr> <tr><td style="width:247.45pt" valign="top"> </td><td style="width:18.05pt" valign="top"> </td><td style="width:76.5pt" valign="top">2025 </td><td style="width:67.55pt" valign="top">2024 </td><td style="width:72.85pt" valign="top">2023 </td></tr> <tr><td style="background-color:#CCEEFF;width:247.45pt" valign="top">Expected dividend amount per quarter </td><td style="background-color:#CCEEFF;width:18.05pt" valign="top"> </td><td style="background-color:#CCEEFF;width:76.5pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:69pt">0.3250 </kbd> </td><td style="background-color:#CCEEFF;width:67.55pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">0.3150 </kbd> </td><td style="background-color:#CCEEFF;width:72.85pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">0.3090 </kbd> </td></tr> <tr><td style="width:247.45pt" valign="top">Expected stock price volatility </td><td style="width:18.05pt" valign="top"> </td><td style="width:76.5pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:69pt">31.08%</kbd> </td><td style="width:67.55pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">31.21%</kbd> </td><td style="width:72.85pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">31.67%</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:247.45pt" valign="top">Risk-free interest rate </td><td style="background-color:#CCEEFF;width:18.05pt" valign="top"> </td><td style="background-color:#CCEEFF;width:76.5pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:69pt">3.76%</kbd> </td><td style="background-color:#CCEEFF;width:67.55pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">4.23%</kbd> </td><td style="background-color:#CCEEFF;width:72.85pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">4.75%</kbd> </td></tr> <tr><td style="width:247.45pt" valign="top">Expected life of options </td><td style="width:18.05pt" valign="top"> </td><td style="width:76.5pt" valign="top">5.9 years </td><td style="width:67.55pt" valign="top">5.8 years </td><td style="width:72.85pt" valign="top">5.6 years </td></tr> </table> The per share weighted average fair value of options granted during 2025 is $16.74, 2024 is $19.77 and in 2023 is $25.09. All UTMD options vest over a four-year service period. At December 31, 2025 there was $1,014 total unrecognized compensation expense related to non-vested stock options under the plans. A $442 portion of the cost is expected to be recognized over the next twelve months, and the remaining $572 recognized over the next 4 years. Expected dividend amounts were estimated based on the actual cash dividend rate at the time the options were granted and an estimate of future dividends based on past dividend rate changes as well as management’s expectations of future dividend rates over the expected holding period of the options. Expected volatility is based on UTMD’s historical volatility over recent periods of time and trends in that volatility, giving weight to more recent periods. Risk free interest rates were estimated based on actual U.S. Treasury Securities Interest rates as reported by the Federal Reserve Bank for periods of time equivalent to the holding periods estimated for the options on the dates the options were granted. Expected term of options were estimated based on historical holding periods for similar options previously granted by UTMD to employees and directors. The following table summarizes information about stock options outstanding at December 31, 2025: <table style="border-collapse:collapse;width:100%"><tr><td style="width:3.58%" valign="middle"> </td><td style="width:7.54%" valign="middle"> </td><td style="width:3.26%" valign="middle"> </td><td style="width:7.54%" valign="middle"> </td><td style="width:3%" valign="middle"> </td><td colspan="5" style="width:44.32%;border-bottom:0.5pt solid #000000" valign="middle">Options Outstanding </td><td style="width:3%" valign="middle"> </td><td colspan="3" style="width:27.76%;border-bottom:0.5pt solid #000000" valign="middle">Options Exercisable </td></tr> <tr><td style="width:3.58%" valign="middle"> </td><td style="width:7.54%" valign="middle"> </td><td style="width:3.26%" valign="middle"> </td><td style="width:7.54%" valign="middle"> </td><td style="width:3%" valign="middle"> </td><td style="width:13.5%" valign="middle"> </td><td style="width:3%" valign="middle"> </td><td style="width:13%" valign="middle">Weighted </td><td style="width:3.58%" valign="middle"> </td><td style="width:11.26%" valign="middle"> </td><td style="width:3%" valign="middle"> </td><td style="width:13%" valign="middle"> </td><td style="width:3.58%" valign="middle"> </td><td style="width:11.18%" valign="middle"> </td></tr> <tr><td style="width:3.58%" valign="middle"> </td><td style="width:7.54%" valign="middle"> </td><td style="width:3.26%" valign="middle"> </td><td style="width:7.54%" valign="middle"> </td><td style="width:3%" valign="middle"> </td><td style="width:13.5%" valign="middle"> </td><td style="width:3%" valign="middle"> </td><td style="width:13%" valign="middle">Average </td><td style="width:3.58%" valign="middle"> </td><td style="width:11.26%" valign="middle"> </td><td style="width:3%" valign="middle"> </td><td style="width:13%" valign="middle"> </td><td style="width:3.58%" valign="middle"> </td><td style="width:11.18%" valign="middle"> </td></tr> <tr><td style="width:3.58%" valign="middle"> </td><td style="width:7.54%" valign="middle"> </td><td style="width:3.26%" valign="middle"> </td><td style="width:7.54%" valign="middle"> </td><td style="width:3%" valign="middle"> </td><td style="width:13.5%" valign="middle"> </td><td style="width:3%" valign="middle"> </td><td style="width:13%" valign="middle">Remaining </td><td style="width:3.58%" valign="middle"> </td><td style="width:11.26%" valign="middle">Weighted </td><td style="width:3%" valign="middle"> </td><td style="width:13%" valign="middle"> </td><td style="width:3.58%" valign="middle"> </td><td style="width:11.18%" valign="middle">Weighted </td></tr> <tr><td style="width:3.58%" valign="middle"> </td><td colspan="3" style="width:18.34%" valign="middle">Range of </td><td style="width:3%" valign="middle"> </td><td style="width:13.5%" valign="middle">Actual </td><td style="width:3%" valign="middle"> </td><td style="width:13%" valign="middle">Contractual </td><td style="width:3.58%" valign="middle"> </td><td style="width:11.26%" valign="middle">Average </td><td style="width:3%" valign="middle"> </td><td style="width:13%" valign="middle"> </td><td style="width:3.58%" valign="middle"> </td><td style="width:11.18%" valign="middle">Average </td></tr> <tr><td style="width:3.58%" valign="middle"> </td><td colspan="3" style="width:18.34%" valign="middle">Exercise </td><td style="width:3%" valign="middle"> </td><td style="width:13.5%" valign="middle">Number </td><td style="width:3%" valign="middle"> </td><td style="width:13%" valign="middle">Life </td><td style="width:3.58%" valign="middle"> </td><td style="width:11.26%" valign="middle">Exercise </td><td style="width:3%" valign="middle"> </td><td style="width:13%" valign="middle">Number </td><td style="width:3.58%" valign="middle"> </td><td style="width:11.18%" valign="middle">Exercise </td></tr> <tr><td style="width:3.58%" valign="middle"> </td><td colspan="3" style="width:18.34%" valign="middle">Prices </td><td style="width:3%" valign="middle"> </td><td style="width:13.5%" valign="middle">Outstanding </td><td style="width:3%" valign="middle"> </td><td style="width:13%" valign="middle">(Years) </td><td style="width:3.58%" valign="middle"> </td><td style="width:11.26%" valign="middle">Price </td><td style="width:3%" valign="middle"> </td><td style="width:13%" valign="middle">Exercisable </td><td style="width:3.58%" valign="middle"> </td><td style="width:11.18%" valign="middle">Price </td></tr> <tr><td style="background-color:#CCEEFF;width:3.58%" valign="middle">$ </td><td style="background-color:#CCEEFF;width:7.54%" valign="middle">58.10 </td><td style="background-color:#CCEEFF;width:3.26%" valign="middle">- </td><td style="background-color:#CCEEFF;width:7.54%" valign="middle">64.09 </td><td style="background-color:#CCEEFF;width:3%" valign="middle"> </td><td style="background-color:#CCEEFF;width:13.5%" valign="middle">53,375 </td><td style="background-color:#CCEEFF;width:3%" valign="middle"> </td><td style="background-color:#CCEEFF;width:13%" valign="middle">8.54 </td><td style="background-color:#CCEEFF;width:3.58%" valign="middle">$ </td><td style="background-color:#CCEEFF;width:11.26%" valign="middle">60.90 </td><td style="background-color:#CCEEFF;width:3%" valign="middle"> </td><td style="background-color:#CCEEFF;width:13%" valign="middle">11,125 </td><td style="background-color:#CCEEFF;width:3.58%" valign="middle">$ </td><td style="background-color:#CCEEFF;width:11.18%" valign="middle">61.59 </td></tr> <tr><td style="width:3.58%" valign="middle"> </td><td style="width:7.54%" valign="middle">74.64 </td><td style="width:3.26%" valign="middle">- </td><td style="width:7.54%" valign="middle">77.07 </td><td style="width:3%" valign="middle"> </td><td style="width:13.5%" valign="middle">47,810 </td><td style="width:3%" valign="middle"> </td><td style="width:13%" valign="middle">5.36 </td><td style="width:3.58%" valign="middle"> </td><td style="width:11.26%" valign="middle">76.60 </td><td style="width:3%" valign="middle"> </td><td style="width:13%" valign="middle">38,660 </td><td style="width:3.58%" valign="middle"> </td><td style="width:11.18%" valign="middle">76.48 </td></tr> <tr><td style="background-color:#CCEEFF;width:3.58%" valign="middle"> </td><td style="background-color:#CCEEFF;width:7.54%" valign="middle">82.60 </td><td style="background-color:#CCEEFF;width:3.26%" valign="middle">- </td><td style="background-color:#CCEEFF;width:7.54%" valign="middle">82.60 </td><td style="background-color:#CCEEFF;width:3%" valign="middle"> </td><td style="background-color:#CCEEFF;width:13.5%" valign="middle">19,900 </td><td style="background-color:#CCEEFF;width:3%" valign="middle"> </td><td style="background-color:#CCEEFF;width:13%" valign="middle">6.78 </td><td style="background-color:#CCEEFF;width:3.58%" valign="middle"> </td><td style="background-color:#CCEEFF;width:11.26%" valign="middle">82.60 </td><td style="background-color:#CCEEFF;width:3%" valign="middle"> </td><td style="background-color:#CCEEFF;width:13%" valign="middle">14,925 </td><td style="background-color:#CCEEFF;width:3.58%" valign="middle"> </td><td style="background-color:#CCEEFF;width:11.18%" valign="middle">82.60 </td></tr> <tr><td style="width:3.58%" valign="middle">$ </td><td style="width:7.54%" valign="middle">58.10 </td><td style="width:3.26%" valign="middle">- </td><td style="width:7.54%" valign="middle">82.60 </td><td style="width:3%" valign="middle"> </td><td style="width:13.5%" valign="middle">121,085 </td><td style="width:3%" valign="middle"> </td><td style="width:13%" valign="middle">6.99 </td><td style="width:3.58%" valign="middle">$ </td><td style="width:11.26%" valign="middle">70.66 </td><td style="width:3%" valign="middle"> </td><td style="width:13%" valign="middle">64,710 </td><td style="width:3.58%" valign="middle">$ </td><td style="width:11.18%" valign="middle">75.33 </td></tr> </table> <table style="border-collapse:collapse"><tr><td style="width:260.85pt" valign="middle"> </td><td style="width:55.35pt" valign="middle"> </td><td style="width:55.4pt" valign="middle">2025 </td><td style="width:55.4pt" valign="middle">2024 </td><td style="width:55.4pt" valign="middle">2023 </td></tr> <tr><td style="background-color:#CCEEFF;width:260.85pt" valign="middle">Intrinsic Value of Stock Options Exercised </td><td style="background-color:#CCEEFF;width:55.35pt" valign="middle"> </td><td style="background-color:#CCEEFF;width:55.4pt" valign="middle"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:48pt">-</kbd> </td><td style="background-color:#CCEEFF;width:55.4pt" valign="middle"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:48pt">77</kbd> </td><td style="background-color:#CCEEFF;width:55.4pt" valign="middle"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:48pt">31</kbd> </td></tr> <tr><td style="width:260.85pt" valign="middle">Intrinsic Value of Stock Options Outstanding </td><td style="width:55.35pt" valign="middle"> </td><td style="width:55.4pt" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:48pt">-</kbd> </td><td style="width:55.4pt" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:48pt">-</kbd> </td><td style="width:55.4pt" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:48pt">814</kbd> </td></tr> </table>

275000

121000

<table style="border-collapse:collapse"><tr><td style="width:256.75pt" valign="top"> </td><td style="width:45.05pt" valign="top">Shares </td><td style="width:13.5pt" valign="top"> </td><td colspan="3" style="width:167.1pt" valign="top">Price Range </td></tr> <tr><td style="width:256.75pt" valign="top"> </td><td style="width:45.05pt" valign="top">(000’s) </td><td style="width:13.5pt" valign="top"> </td><td colspan="3" style="width:167.1pt" valign="top">Per Share </td></tr> <tr><td style="background-color:#CCEEFF;width:256.75pt" valign="top">2025 </td><td style="background-color:#CCEEFF;width:45.05pt" valign="top"> </td><td style="background-color:#CCEEFF;width:13.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:74.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:12.15pt" valign="top"> </td><td style="background-color:#CCEEFF;width:80.45pt" valign="top"> </td></tr> <tr><td style="width:256.75pt" valign="top">Granted </td><td style="width:45.05pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:38pt">24</kbd> </td><td style="width:13.5pt" valign="top"> </td><td style="width:74.5pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:67pt">58.10</kbd> </td><td style="width:12.15pt" valign="top"> </td><td style="width:80.45pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:73pt">58.10</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:256.75pt" valign="top">Expired or canceled </td><td style="background-color:#CCEEFF;width:45.05pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:38pt">0.7</kbd> </td><td style="background-color:#CCEEFF;width:13.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:74.5pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:67pt">77.07</kbd> </td><td style="background-color:#CCEEFF;width:12.15pt" valign="top"> </td><td style="background-color:#CCEEFF;width:80.45pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:73pt">82.60</kbd> </td></tr> <tr><td style="width:256.75pt" valign="top">Exercised </td><td style="width:45.05pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:38pt">-</kbd> </td><td style="width:13.5pt" valign="top"> </td><td style="width:74.5pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:67pt">-</kbd> </td><td style="width:12.15pt" valign="top"> </td><td style="width:80.45pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:73pt">-</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:256.75pt" valign="top">Total outstanding at December 31 </td><td style="background-color:#CCEEFF;width:45.05pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:38pt">121</kbd> </td><td style="background-color:#CCEEFF;width:13.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:74.5pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:67pt">58.10</kbd> </td><td style="background-color:#CCEEFF;width:12.15pt" valign="top"> </td><td style="background-color:#CCEEFF;width:80.45pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:73pt">82.60</kbd> </td></tr> <tr><td style="width:256.75pt" valign="top">Total exercisable at December 31 </td><td style="width:45.05pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:38pt">65</kbd> </td><td style="width:13.5pt" valign="top"> </td><td style="width:74.5pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:67pt">58.10</kbd> </td><td style="width:12.15pt" valign="top"> </td><td style="width:80.45pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:73pt">82.60</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:256.75pt" valign="top"> </td><td style="background-color:#CCEEFF;width:45.05pt" valign="top"> </td><td style="background-color:#CCEEFF;width:13.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:74.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:12.15pt" valign="top"> </td><td style="background-color:#CCEEFF;width:80.45pt" valign="top"> </td></tr> <tr><td style="width:256.75pt" valign="top">2024 </td><td style="width:45.05pt" valign="top"> </td><td style="width:13.5pt" valign="top"> </td><td style="width:74.5pt" valign="top"> </td><td style="width:12.15pt" valign="top"> </td><td style="width:80.45pt" valign="top"> </td></tr> <tr><td style="background-color:#CCEEFF;width:256.75pt" valign="top">Granted </td><td style="background-color:#CCEEFF;width:45.05pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:38pt">25</kbd> </td><td style="background-color:#CCEEFF;width:13.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:74.5pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:67pt">64.09</kbd> </td><td style="background-color:#CCEEFF;width:12.15pt" valign="top"> </td><td style="background-color:#CCEEFF;width:80.45pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:73pt">64.09</kbd> </td></tr> <tr><td style="width:256.75pt" valign="top">Expired or canceled </td><td style="width:45.05pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:38pt">3</kbd> </td><td style="width:13.5pt" valign="top"> </td><td style="width:74.5pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:67pt">49.18</kbd> </td><td style="width:12.15pt" valign="top"> </td><td style="width:80.45pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:73pt">82.60</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:256.75pt" valign="top">Exercised </td><td style="background-color:#CCEEFF;width:45.05pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:38pt">8</kbd> </td><td style="background-color:#CCEEFF;width:13.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:74.5pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:67pt">49.18</kbd> </td><td style="background-color:#CCEEFF;width:12.15pt" valign="top"> </td><td style="background-color:#CCEEFF;width:80.45pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:73pt">58.50</kbd> </td></tr> <tr><td style="width:256.75pt" valign="top">Total outstanding at December 31 </td><td style="width:45.05pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:38pt">98</kbd> </td><td style="width:13.5pt" valign="top"> </td><td style="width:74.5pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:67pt">58.50</kbd> </td><td style="width:12.15pt" valign="top"> </td><td style="width:80.45pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:73pt">82.60</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:256.75pt" valign="top">Total exercisable at December 31 </td><td style="background-color:#CCEEFF;width:45.05pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:38pt">52</kbd> </td><td style="background-color:#CCEEFF;width:13.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:74.5pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:67pt">58.50</kbd> </td><td style="background-color:#CCEEFF;width:12.15pt" valign="top"> </td><td style="background-color:#CCEEFF;width:80.45pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:73pt">82.60</kbd> </td></tr> <tr><td style="width:256.75pt" valign="top"> </td><td style="width:45.05pt" valign="top"> </td><td style="width:13.5pt" valign="top"> </td><td style="width:74.5pt" valign="top"> </td><td style="width:12.15pt" valign="top"> </td><td style="width:80.45pt" valign="top"> </td></tr> <tr><td style="background-color:#CCEEFF;width:256.75pt" valign="top">2023 </td><td style="background-color:#CCEEFF;width:45.05pt" valign="top"> </td><td style="background-color:#CCEEFF;width:13.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:74.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:12.15pt" valign="top"> </td><td style="background-color:#CCEEFF;width:80.45pt" valign="top"> </td></tr> <tr><td style="width:256.75pt" valign="top">Granted </td><td style="width:45.05pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:38pt">19</kbd> </td><td style="width:13.5pt" valign="top"> </td><td style="width:74.5pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:67pt">77.07</kbd> </td><td style="width:12.15pt" valign="top"> </td><td style="width:80.45pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:73pt">77.07</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:256.75pt" valign="top">Expired or canceled </td><td style="background-color:#CCEEFF;width:45.05pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:38pt">0.4</kbd> </td><td style="background-color:#CCEEFF;width:13.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:74.5pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:67pt">77.05</kbd> </td><td style="background-color:#CCEEFF;width:12.15pt" valign="top"> </td><td style="background-color:#CCEEFF;width:80.45pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:73pt">77.05</kbd> </td></tr> <tr><td style="width:256.75pt" valign="top">Exercised </td><td style="width:45.05pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:38pt">2</kbd> </td><td style="width:13.5pt" valign="top"> </td><td style="width:74.5pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:67pt">49.18</kbd> </td><td style="width:12.15pt" valign="top"> </td><td style="width:80.45pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:73pt">77.05</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:256.75pt" valign="top">Total outstanding at December 31 </td><td style="background-color:#CCEEFF;width:45.05pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:38pt">84</kbd> </td><td style="background-color:#CCEEFF;width:13.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:74.5pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:67pt">49.18</kbd> </td><td style="background-color:#CCEEFF;width:12.15pt" valign="top"> </td><td style="background-color:#CCEEFF;width:80.45pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:73pt">82.60</kbd> </td></tr> <tr><td style="width:256.75pt" valign="top">Total exercisable at December 31 </td><td style="width:45.05pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:38pt">50</kbd> </td><td style="width:13.5pt" valign="top"> </td><td style="width:74.5pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:67pt">49.18</kbd> </td><td style="width:12.15pt" valign="top"> </td><td style="width:80.45pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:73pt">82.60</kbd> </td></tr> </table>

24000

58.1

700

77.07

82.6

121000

58.1

82.6

65000

58.1

82.6

25000

64.09

3000

49.18

82.6

8000

49.18

58.5

98000

58.5

82.6

52000

58.5

82.6

19000

77.07

400

77.05

2000

49.18

77.05

84000

49.18

82.6

50000

49.18

82.6

20000

12000

373000

255000

225000

<table style="border-collapse:collapse"><tr><td style="width:247.45pt" valign="top"> </td><td style="width:18.05pt" valign="top"> </td><td colspan="3" style="width:216.9pt" valign="top">Years ended December 31, </td></tr> <tr><td style="width:247.45pt" valign="top"> </td><td style="width:18.05pt" valign="top"> </td><td style="width:76.5pt" valign="top">2025 </td><td style="width:67.55pt" valign="top">2024 </td><td style="width:72.85pt" valign="top">2023 </td></tr> <tr><td style="background-color:#CCEEFF;width:247.45pt" valign="top">Expected dividend amount per quarter </td><td style="background-color:#CCEEFF;width:18.05pt" valign="top"> </td><td style="background-color:#CCEEFF;width:76.5pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:69pt">0.3250 </kbd> </td><td style="background-color:#CCEEFF;width:67.55pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">0.3150 </kbd> </td><td style="background-color:#CCEEFF;width:72.85pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">0.3090 </kbd> </td></tr> <tr><td style="width:247.45pt" valign="top">Expected stock price volatility </td><td style="width:18.05pt" valign="top"> </td><td style="width:76.5pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:69pt">31.08%</kbd> </td><td style="width:67.55pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">31.21%</kbd> </td><td style="width:72.85pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">31.67%</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:247.45pt" valign="top">Risk-free interest rate </td><td style="background-color:#CCEEFF;width:18.05pt" valign="top"> </td><td style="background-color:#CCEEFF;width:76.5pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:69pt">3.76%</kbd> </td><td style="background-color:#CCEEFF;width:67.55pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">4.23%</kbd> </td><td style="background-color:#CCEEFF;width:72.85pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:66pt">4.75%</kbd> </td></tr> <tr><td style="width:247.45pt" valign="top">Expected life of options </td><td style="width:18.05pt" valign="top"> </td><td style="width:76.5pt" valign="top">5.9 years </td><td style="width:67.55pt" valign="top">5.8 years </td><td style="width:72.85pt" valign="top">5.6 years </td></tr> </table>

0.325

0.315

0.309

0.3108

0.3121

0.3167

0.0376

0.0423

0.0475

P5Y10M24D

P5Y9M18D

P5Y7M6D

16.74

19.77

25.09

1014000

442000 P12M 572000 P4Y

<table style="border-collapse:collapse;width:100%"><tr><td style="width:3.58%" valign="middle"> </td><td style="width:7.54%" valign="middle"> </td><td style="width:3.26%" valign="middle"> </td><td style="width:7.54%" valign="middle"> </td><td style="width:3%" valign="middle"> </td><td colspan="5" style="width:44.32%;border-bottom:0.5pt solid #000000" valign="middle">Options Outstanding </td><td style="width:3%" valign="middle"> </td><td colspan="3" style="width:27.76%;border-bottom:0.5pt solid #000000" valign="middle">Options Exercisable </td></tr> <tr><td style="width:3.58%" valign="middle"> </td><td style="width:7.54%" valign="middle"> </td><td style="width:3.26%" valign="middle"> </td><td style="width:7.54%" valign="middle"> </td><td style="width:3%" valign="middle"> </td><td style="width:13.5%" valign="middle"> </td><td style="width:3%" valign="middle"> </td><td style="width:13%" valign="middle">Weighted </td><td style="width:3.58%" valign="middle"> </td><td style="width:11.26%" valign="middle"> </td><td style="width:3%" valign="middle"> </td><td style="width:13%" valign="middle"> </td><td style="width:3.58%" valign="middle"> </td><td style="width:11.18%" valign="middle"> </td></tr> <tr><td style="width:3.58%" valign="middle"> </td><td style="width:7.54%" valign="middle"> </td><td style="width:3.26%" valign="middle"> </td><td style="width:7.54%" valign="middle"> </td><td style="width:3%" valign="middle"> </td><td style="width:13.5%" valign="middle"> </td><td style="width:3%" valign="middle"> </td><td style="width:13%" valign="middle">Average </td><td style="width:3.58%" valign="middle"> </td><td style="width:11.26%" valign="middle"> </td><td style="width:3%" valign="middle"> </td><td style="width:13%" valign="middle"> </td><td style="width:3.58%" valign="middle"> </td><td style="width:11.18%" valign="middle"> </td></tr> <tr><td style="width:3.58%" valign="middle"> </td><td style="width:7.54%" valign="middle"> </td><td style="width:3.26%" valign="middle"> </td><td style="width:7.54%" valign="middle"> </td><td style="width:3%" valign="middle"> </td><td style="width:13.5%" valign="middle"> </td><td style="width:3%" valign="middle"> </td><td style="width:13%" valign="middle">Remaining </td><td style="width:3.58%" valign="middle"> </td><td style="width:11.26%" valign="middle">Weighted </td><td style="width:3%" valign="middle"> </td><td style="width:13%" valign="middle"> </td><td style="width:3.58%" valign="middle"> </td><td style="width:11.18%" valign="middle">Weighted </td></tr> <tr><td style="width:3.58%" valign="middle"> </td><td colspan="3" style="width:18.34%" valign="middle">Range of </td><td style="width:3%" valign="middle"> </td><td style="width:13.5%" valign="middle">Actual </td><td style="width:3%" valign="middle"> </td><td style="width:13%" valign="middle">Contractual </td><td style="width:3.58%" valign="middle"> </td><td style="width:11.26%" valign="middle">Average </td><td style="width:3%" valign="middle"> </td><td style="width:13%" valign="middle"> </td><td style="width:3.58%" valign="middle"> </td><td style="width:11.18%" valign="middle">Average </td></tr> <tr><td style="width:3.58%" valign="middle"> </td><td colspan="3" style="width:18.34%" valign="middle">Exercise </td><td style="width:3%" valign="middle"> </td><td style="width:13.5%" valign="middle">Number </td><td style="width:3%" valign="middle"> </td><td style="width:13%" valign="middle">Life </td><td style="width:3.58%" valign="middle"> </td><td style="width:11.26%" valign="middle">Exercise </td><td style="width:3%" valign="middle"> </td><td style="width:13%" valign="middle">Number </td><td style="width:3.58%" valign="middle"> </td><td style="width:11.18%" valign="middle">Exercise </td></tr> <tr><td style="width:3.58%" valign="middle"> </td><td colspan="3" style="width:18.34%" valign="middle">Prices </td><td style="width:3%" valign="middle"> </td><td style="width:13.5%" valign="middle">Outstanding </td><td style="width:3%" valign="middle"> </td><td style="width:13%" valign="middle">(Years) </td><td style="width:3.58%" valign="middle"> </td><td style="width:11.26%" valign="middle">Price </td><td style="width:3%" valign="middle"> </td><td style="width:13%" valign="middle">Exercisable </td><td style="width:3.58%" valign="middle"> </td><td style="width:11.18%" valign="middle">Price </td></tr> <tr><td style="background-color:#CCEEFF;width:3.58%" valign="middle">$ </td><td style="background-color:#CCEEFF;width:7.54%" valign="middle">58.10 </td><td style="background-color:#CCEEFF;width:3.26%" valign="middle">- </td><td style="background-color:#CCEEFF;width:7.54%" valign="middle">64.09 </td><td style="background-color:#CCEEFF;width:3%" valign="middle"> </td><td style="background-color:#CCEEFF;width:13.5%" valign="middle">53,375 </td><td style="background-color:#CCEEFF;width:3%" valign="middle"> </td><td style="background-color:#CCEEFF;width:13%" valign="middle">8.54 </td><td style="background-color:#CCEEFF;width:3.58%" valign="middle">$ </td><td style="background-color:#CCEEFF;width:11.26%" valign="middle">60.90 </td><td style="background-color:#CCEEFF;width:3%" valign="middle"> </td><td style="background-color:#CCEEFF;width:13%" valign="middle">11,125 </td><td style="background-color:#CCEEFF;width:3.58%" valign="middle">$ </td><td style="background-color:#CCEEFF;width:11.18%" valign="middle">61.59 </td></tr> <tr><td style="width:3.58%" valign="middle"> </td><td style="width:7.54%" valign="middle">74.64 </td><td style="width:3.26%" valign="middle">- </td><td style="width:7.54%" valign="middle">77.07 </td><td style="width:3%" valign="middle"> </td><td style="width:13.5%" valign="middle">47,810 </td><td style="width:3%" valign="middle"> </td><td style="width:13%" valign="middle">5.36 </td><td style="width:3.58%" valign="middle"> </td><td style="width:11.26%" valign="middle">76.60 </td><td style="width:3%" valign="middle"> </td><td style="width:13%" valign="middle">38,660 </td><td style="width:3.58%" valign="middle"> </td><td style="width:11.18%" valign="middle">76.48 </td></tr> <tr><td style="background-color:#CCEEFF;width:3.58%" valign="middle"> </td><td style="background-color:#CCEEFF;width:7.54%" valign="middle">82.60 </td><td style="background-color:#CCEEFF;width:3.26%" valign="middle">- </td><td style="background-color:#CCEEFF;width:7.54%" valign="middle">82.60 </td><td style="background-color:#CCEEFF;width:3%" valign="middle"> </td><td style="background-color:#CCEEFF;width:13.5%" valign="middle">19,900 </td><td style="background-color:#CCEEFF;width:3%" valign="middle"> </td><td style="background-color:#CCEEFF;width:13%" valign="middle">6.78 </td><td style="background-color:#CCEEFF;width:3.58%" valign="middle"> </td><td style="background-color:#CCEEFF;width:11.26%" valign="middle">82.60 </td><td style="background-color:#CCEEFF;width:3%" valign="middle"> </td><td style="background-color:#CCEEFF;width:13%" valign="middle">14,925 </td><td style="background-color:#CCEEFF;width:3.58%" valign="middle"> </td><td style="background-color:#CCEEFF;width:11.18%" valign="middle">82.60 </td></tr> <tr><td style="width:3.58%" valign="middle">$ </td><td style="width:7.54%" valign="middle">58.10 </td><td style="width:3.26%" valign="middle">- </td><td style="width:7.54%" valign="middle">82.60 </td><td style="width:3%" valign="middle"> </td><td style="width:13.5%" valign="middle">121,085 </td><td style="width:3%" valign="middle"> </td><td style="width:13%" valign="middle">6.99 </td><td style="width:3.58%" valign="middle">$ </td><td style="width:11.26%" valign="middle">70.66 </td><td style="width:3%" valign="middle"> </td><td style="width:13%" valign="middle">64,710 </td><td style="width:3.58%" valign="middle">$ </td><td style="width:11.18%" valign="middle">75.33 </td></tr> </table> <table style="border-collapse:collapse"><tr><td style="width:260.85pt" valign="middle"> </td><td style="width:55.35pt" valign="middle"> </td><td style="width:55.4pt" valign="middle">2025 </td><td style="width:55.4pt" valign="middle">2024 </td><td style="width:55.4pt" valign="middle">2023 </td></tr> <tr><td style="background-color:#CCEEFF;width:260.85pt" valign="middle">Intrinsic Value of Stock Options Exercised </td><td style="background-color:#CCEEFF;width:55.35pt" valign="middle"> </td><td style="background-color:#CCEEFF;width:55.4pt" valign="middle"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:48pt">-</kbd> </td><td style="background-color:#CCEEFF;width:55.4pt" valign="middle"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:48pt">77</kbd> </td><td style="background-color:#CCEEFF;width:55.4pt" valign="middle"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:48pt">31</kbd> </td></tr> <tr><td style="width:260.85pt" valign="middle">Intrinsic Value of Stock Options Outstanding </td><td style="width:55.35pt" valign="middle"> </td><td style="width:55.4pt" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:48pt">-</kbd> </td><td style="width:55.4pt" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:48pt">-</kbd> </td><td style="width:55.4pt" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:48pt">814</kbd> </td></tr> </table>

58.1

64.09

53375

8.54

60.9

11125

61.59

74.64

77.07

47810

5.36

76.6

38660

76.48

82.6

19900

6.78

82.6

14925

82.6

58.1

82.6

121085

6.99

70.66

64710

75.33

77000

31000

814000

Note 9 – Geographic Information The Company had sales in the following geographic areas based on the customer’s country of domicile: <table style="border-collapse:collapse"><tr><td style="width:257.55pt" valign="middle"></td><td style="width:20.85pt" valign="middle"> </td><td style="width:68pt" valign="middle">2025 </td><td style="width:68pt" valign="middle">2024 </td><td style="width:68pt" valign="middle">2023 </td></tr> <tr><td style="background-color:#CCEEFF;width:257.55pt" valign="middle">United States </td><td style="background-color:#CCEEFF;width:20.85pt" valign="middle"> </td><td style="background-color:#CCEEFF;width:68pt" valign="middle"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">22,761</kbd> </td><td style="background-color:#CCEEFF;width:68pt" valign="middle"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">23,873</kbd> </td><td style="background-color:#CCEEFF;width:68pt" valign="middle"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">30,413</kbd> </td></tr> <tr><td style="width:257.55pt" valign="middle">Europe </td><td style="width:20.85pt" valign="middle"> </td><td style="width:68pt" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">7,928</kbd> </td><td style="width:68pt" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">8,705</kbd> </td><td style="width:68pt" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">8,918</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:257.55pt" valign="middle">Other </td><td style="background-color:#CCEEFF;width:20.85pt" valign="middle"> </td><td style="background-color:#CCEEFF;width:68pt" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">7,831</kbd> </td><td style="background-color:#CCEEFF;width:68pt" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">8,325</kbd> </td><td style="background-color:#CCEEFF;width:68pt" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">10,893</kbd> </td></tr> </table> <table style="border-collapse:collapse"><tr><td style="width:257.55pt" valign="middle"></td><td style="width:20.85pt" valign="middle"> </td><td style="width:68pt" valign="middle">2025 </td><td style="width:68pt" valign="middle">2024 </td><td style="width:68pt" valign="middle">2023 </td></tr> <tr><td style="background-color:#CCEEFF;width:257.55pt" valign="middle">United States </td><td style="background-color:#CCEEFF;width:20.85pt" valign="middle"> </td><td style="background-color:#CCEEFF;width:68pt" valign="middle"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">22,761</kbd> </td><td style="background-color:#CCEEFF;width:68pt" valign="middle"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">23,873</kbd> </td><td style="background-color:#CCEEFF;width:68pt" valign="middle"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">30,413</kbd> </td></tr> <tr><td style="width:257.55pt" valign="middle">Europe </td><td style="width:20.85pt" valign="middle"> </td><td style="width:68pt" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">7,928</kbd> </td><td style="width:68pt" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">8,705</kbd> </td><td style="width:68pt" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">8,918</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:257.55pt" valign="middle">Other </td><td style="background-color:#CCEEFF;width:20.85pt" valign="middle"> </td><td style="background-color:#CCEEFF;width:68pt" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">7,831</kbd> </td><td style="background-color:#CCEEFF;width:68pt" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">8,325</kbd> </td><td style="background-color:#CCEEFF;width:68pt" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">10,893</kbd> </td></tr> </table> 22761000 23873000 30413000 7928000 8705000 8918000 7831000 8325000 10893000 Note 10 – Long-lived Assets by Geographic Area The Company’s long-lived assets by geographic area were as follows: <table style="border-collapse:collapse"><tr><td style="width:215.1pt" valign="middle"></td><td style="width:19.8pt" valign="middle"> </td><td style="width:82.5pt" valign="middle">2025 </td><td style="width:82.5pt" valign="middle">2024 </td><td style="width:82.5pt" valign="middle">2023 </td></tr> <tr><td style="background-color:#CCEEFF;width:215.1pt" valign="middle">United States </td><td style="background-color:#CCEEFF;width:19.8pt" valign="middle"> </td><td style="background-color:#CCEEFF;width:82.5pt" valign="middle"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:75pt">10,972</kbd> </td><td style="background-color:#CCEEFF;width:82.5pt" valign="middle"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:75pt">11,124</kbd> </td><td style="background-color:#CCEEFF;width:82.5pt" valign="middle"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:75pt">11,462</kbd> </td></tr> <tr><td style="width:215.1pt" valign="middle">England </td><td style="width:19.8pt" valign="middle"> </td><td style="width:82.5pt" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:75pt">9,979</kbd> </td><td style="width:82.5pt" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:75pt">11,445</kbd> </td><td style="width:82.5pt" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:75pt">13,838</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:215.1pt" valign="middle">Ireland </td><td style="background-color:#CCEEFF;width:19.8pt" valign="middle"> </td><td style="background-color:#CCEEFF;width:82.5pt" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:75pt">3,022</kbd> </td><td style="background-color:#CCEEFF;width:82.5pt" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:75pt">2,827</kbd> </td><td style="background-color:#CCEEFF;width:82.5pt" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:75pt">2,963</kbd> </td></tr> <tr><td style="width:215.1pt" valign="middle">Australia </td><td style="width:19.8pt" valign="middle"> </td><td style="width:82.5pt" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:75pt">296</kbd> </td><td style="width:82.5pt" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:75pt">290</kbd> </td><td style="width:82.5pt" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:75pt">336</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:215.1pt" valign="middle">Canada </td><td style="background-color:#CCEEFF;width:19.8pt" valign="middle"> </td><td style="background-color:#CCEEFF;width:82.5pt" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:75pt">531</kbd> </td><td style="background-color:#CCEEFF;width:82.5pt" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:75pt">523</kbd> </td><td style="background-color:#CCEEFF;width:82.5pt" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:75pt">589</kbd> </td></tr> </table> <table style="border-collapse:collapse"><tr><td style="width:215.1pt" valign="middle"></td><td style="width:19.8pt" valign="middle"> </td><td style="width:82.5pt" valign="middle">2025 </td><td style="width:82.5pt" valign="middle">2024 </td><td style="width:82.5pt" valign="middle">2023 </td></tr> <tr><td style="background-color:#CCEEFF;width:215.1pt" valign="middle">United States </td><td style="background-color:#CCEEFF;width:19.8pt" valign="middle"> </td><td style="background-color:#CCEEFF;width:82.5pt" valign="middle"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:75pt">10,972</kbd> </td><td style="background-color:#CCEEFF;width:82.5pt" valign="middle"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:75pt">11,124</kbd> </td><td style="background-color:#CCEEFF;width:82.5pt" valign="middle"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:75pt">11,462</kbd> </td></tr> <tr><td style="width:215.1pt" valign="middle">England </td><td style="width:19.8pt" valign="middle"> </td><td style="width:82.5pt" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:75pt">9,979</kbd> </td><td style="width:82.5pt" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:75pt">11,445</kbd> </td><td style="width:82.5pt" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:75pt">13,838</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:215.1pt" valign="middle">Ireland </td><td style="background-color:#CCEEFF;width:19.8pt" valign="middle"> </td><td style="background-color:#CCEEFF;width:82.5pt" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:75pt">3,022</kbd> </td><td style="background-color:#CCEEFF;width:82.5pt" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:75pt">2,827</kbd> </td><td style="background-color:#CCEEFF;width:82.5pt" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:75pt">2,963</kbd> </td></tr> <tr><td style="width:215.1pt" valign="middle">Australia </td><td style="width:19.8pt" valign="middle"> </td><td style="width:82.5pt" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:75pt">296</kbd> </td><td style="width:82.5pt" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:75pt">290</kbd> </td><td style="width:82.5pt" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:75pt">336</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:215.1pt" valign="middle">Canada </td><td style="background-color:#CCEEFF;width:19.8pt" valign="middle"> </td><td style="background-color:#CCEEFF;width:82.5pt" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:75pt">531</kbd> </td><td style="background-color:#CCEEFF;width:82.5pt" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:75pt">523</kbd> </td><td style="background-color:#CCEEFF;width:82.5pt" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:75pt">589</kbd> </td></tr> </table> 10972000 11124000 11462000 9979000 11445000 13838000 3022000 2827000 2963000 296000 290000 336000 531000 523000 589000 Note 11 – Revenues by Product Category and Geographic Region Global revenues by product category: <table style="border-collapse:collapse"><tr><td style="width:282pt" valign="top"></td><td style="width:68.9pt" valign="top">2025 </td><td style="width:62.6pt" valign="top">2024 </td><td style="width:68.9pt" valign="top">2023 </td></tr> <tr><td style="background-color:#CCEEFF;width:282pt" valign="top">Obstetrics </td><td style="background-color:#CCEEFF;width:68.9pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:62pt">3,998</kbd> </td><td style="background-color:#CCEEFF;width:62.6pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:56pt">4,260</kbd> </td><td style="background-color:#CCEEFF;width:68.9pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:62pt">4,592</kbd> </td></tr> <tr><td style="width:282pt" valign="top">Gynecology/ Electrosurgery/ Urology </td><td style="width:68.9pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:62pt">19,719</kbd> </td><td style="width:62.6pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:56pt">20,707</kbd> </td><td style="width:68.9pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:62pt">22,300</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:282pt" valign="top">Neonatal </td><td style="background-color:#CCEEFF;width:68.9pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:62pt">8,010</kbd> </td><td style="background-color:#CCEEFF;width:62.6pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:56pt">6,869</kbd> </td><td style="background-color:#CCEEFF;width:68.9pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:62pt">6,863</kbd> </td></tr> <tr><td style="width:282pt" valign="top">Blood Pressure Monitoring and Accessories </td><td style="width:68.9pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:62pt">6,793</kbd> </td><td style="width:62.6pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:56pt">9,067</kbd> </td><td style="width:68.9pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:62pt">16,469</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:282pt" valign="top">Total: </td><td style="background-color:#CCEEFF;width:68.9pt;border-top:0.5pt solid #000000" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:62pt">38,520</kbd> </td><td style="background-color:#CCEEFF;width:62.6pt;border-top:0.5pt solid #000000" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:56pt">40,903</kbd> </td><td style="background-color:#CCEEFF;width:68.9pt;border-top:0.5pt solid #000000" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:62pt">50,224</kbd> </td></tr> </table> Included in the Global revenues (above) were OUS revenues by product category: <table style="border-collapse:collapse;width:100%"><tr><td style="width:58.46%" valign="top"></td><td style="width:14.28%" valign="top">2025 </td><td style="width:12.98%" valign="top">2024 </td><td style="width:14.28%" valign="top">2023 </td></tr> <tr><td style="background-color:#CCEEFF;width:58.46%" valign="top">Obstetrics </td><td style="background-color:#CCEEFF;width:14.28%" valign="top">$ 764 </td><td style="background-color:#CCEEFF;width:12.98%" valign="top">$ 821 </td><td style="background-color:#CCEEFF;width:14.28%" valign="top">$ 1,041 </td></tr> <tr><td style="width:58.46%" valign="top">Gynecology/ Electrosurgery/ Urology </td><td style="width:14.28%" valign="top">9,973 </td><td style="width:12.98%" valign="top">11,390 </td><td style="width:14.28%" valign="top">11,992 </td></tr> <tr><td style="background-color:#CCEEFF;width:58.46%" valign="top">Neonatal </td><td style="background-color:#CCEEFF;width:14.28%" valign="top">1,591 </td><td style="background-color:#CCEEFF;width:12.98%" valign="top">1,523 </td><td style="background-color:#CCEEFF;width:14.28%" valign="top">1,678 </td></tr> <tr><td style="width:58.46%" valign="top">Blood Pressure Monitoring and Accessories </td><td style="width:14.28%;border-bottom:0.5pt solid #000000" valign="top">3,430 </td><td style="width:12.98%;border-bottom:0.5pt solid #000000" valign="top">3,724 </td><td style="width:14.28%;border-bottom:0.5pt solid #000000" valign="top">7,309 </td></tr> <tr><td style="background-color:#CCEEFF;width:58.46%" valign="top">Total: </td><td style="background-color:#CCEEFF;width:14.28%;border-top:0.5pt solid #000000" valign="top">$ 15,758 </td><td style="background-color:#CCEEFF;width:12.98%;border-top:0.5pt solid #000000" valign="top">$ 17,458 </td><td style="background-color:#CCEEFF;width:14.28%;border-top:0.5pt solid #000000" valign="top">$ 22,020 </td></tr> </table> <table style="border-collapse:collapse"><tr><td style="width:282pt" valign="top"></td><td style="width:68.9pt" valign="top">2025 </td><td style="width:62.6pt" valign="top">2024 </td><td style="width:68.9pt" valign="top">2023 </td></tr> <tr><td style="background-color:#CCEEFF;width:282pt" valign="top">Obstetrics </td><td style="background-color:#CCEEFF;width:68.9pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:62pt">3,998</kbd> </td><td style="background-color:#CCEEFF;width:62.6pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:56pt">4,260</kbd> </td><td style="background-color:#CCEEFF;width:68.9pt" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:62pt">4,592</kbd> </td></tr> <tr><td style="width:282pt" valign="top">Gynecology/ Electrosurgery/ Urology </td><td style="width:68.9pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:62pt">19,719</kbd> </td><td style="width:62.6pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:56pt">20,707</kbd> </td><td style="width:68.9pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:62pt">22,300</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:282pt" valign="top">Neonatal </td><td style="background-color:#CCEEFF;width:68.9pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:62pt">8,010</kbd> </td><td style="background-color:#CCEEFF;width:62.6pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:56pt">6,869</kbd> </td><td style="background-color:#CCEEFF;width:68.9pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:62pt">6,863</kbd> </td></tr> <tr><td style="width:282pt" valign="top">Blood Pressure Monitoring and Accessories </td><td style="width:68.9pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:62pt">6,793</kbd> </td><td style="width:62.6pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:56pt">9,067</kbd> </td><td style="width:68.9pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:62pt">16,469</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:282pt" valign="top">Total: </td><td style="background-color:#CCEEFF;width:68.9pt;border-top:0.5pt solid #000000" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:62pt">38,520</kbd> </td><td style="background-color:#CCEEFF;width:62.6pt;border-top:0.5pt solid #000000" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:56pt">40,903</kbd> </td><td style="background-color:#CCEEFF;width:68.9pt;border-top:0.5pt solid #000000" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:62pt">50,224</kbd> </td></tr> </table>

3998000

4260000

4592000

19719000

20707000

22300000

8010000

6869000

6863000

6793000

9067000

16469000

38520000

40903000

50224000

<table style="border-collapse:collapse;width:100%"><tr><td style="width:58.46%" valign="top"></td><td style="width:14.28%" valign="top">2025 </td><td style="width:12.98%" valign="top">2024 </td><td style="width:14.28%" valign="top">2023 </td></tr> <tr><td style="background-color:#CCEEFF;width:58.46%" valign="top">Obstetrics </td><td style="background-color:#CCEEFF;width:14.28%" valign="top">$ 764 </td><td style="background-color:#CCEEFF;width:12.98%" valign="top">$ 821 </td><td style="background-color:#CCEEFF;width:14.28%" valign="top">$ 1,041 </td></tr> <tr><td style="width:58.46%" valign="top">Gynecology/ Electrosurgery/ Urology </td><td style="width:14.28%" valign="top">9,973 </td><td style="width:12.98%" valign="top">11,390 </td><td style="width:14.28%" valign="top">11,992 </td></tr> <tr><td style="background-color:#CCEEFF;width:58.46%" valign="top">Neonatal </td><td style="background-color:#CCEEFF;width:14.28%" valign="top">1,591 </td><td style="background-color:#CCEEFF;width:12.98%" valign="top">1,523 </td><td style="background-color:#CCEEFF;width:14.28%" valign="top">1,678 </td></tr> <tr><td style="width:58.46%" valign="top">Blood Pressure Monitoring and Accessories </td><td style="width:14.28%;border-bottom:0.5pt solid #000000" valign="top">3,430 </td><td style="width:12.98%;border-bottom:0.5pt solid #000000" valign="top">3,724 </td><td style="width:14.28%;border-bottom:0.5pt solid #000000" valign="top">7,309 </td></tr> <tr><td style="background-color:#CCEEFF;width:58.46%" valign="top">Total: </td><td style="background-color:#CCEEFF;width:14.28%;border-top:0.5pt solid #000000" valign="top">$ 15,758 </td><td style="background-color:#CCEEFF;width:12.98%;border-top:0.5pt solid #000000" valign="top">$ 17,458 </td><td style="background-color:#CCEEFF;width:14.28%;border-top:0.5pt solid #000000" valign="top">$ 22,020 </td></tr> </table>

764000

821000

1041000

9973000

11390000

11992000

1591000

1523000

1678000

3430000

3724000

7309000

15758000

17458000

22020000

Note 12 - Product Sale and Purchase Commitments The Company has had license agreements for the rights to develop and market certain products or technologies owned by unrelated parties. The confidential terms of such agreements are unique and varied, depending on many factors relating to the value and stage of development of the technology licensed. Royalties on future product sales are a normal component of such agreements and are included in the Company’s cost of goods sold on an ongoing basis. In 2025, 2024 and 2023, UTMD received royalties of $20, $15 and $20, respectively, for the use of intellectual property. UTMD had $4,340 in operating lease and purchase commitments as of December 31, 2025.

20000

15000

20000

4340000

Note 13 – Employee Benefit Plans The Company sponsors a contributory 401(k) savings plan for U.S. employees, and contributory retirement plans for Ireland, UK, Australia and Canada employees. The Company’s matching contribution is determined annually by the board of directors. Company contributions were approximately $211, $209 and $184 for the years ended December 31, 2025, 2024 and 2023, respectively.

211000

209000

184000

Note 14 – Leases UTMD has operating leases for a portion of its parking lot at its Midvale facility and an automobile at its Ireland facility. The remaining lease term on the parking lot is less than 6 years, and on the automobile is 18 months. There are no options to extend or terminate the leases. The parking lot lease contains a provision that requires an adjustment every five years to the lease payment based on the change in the Consumer Price Index. This adjustment occurred in 2021 requiring an increase of $87 to the value of the right-of-use asset and lease liabilities. UTMD has no other leases yet to commence. As neither lease contains implicit rates, UTMD’s incremental borrowing rate, based on information available at adoption date, was used to determine the present value of the leases. Operating lease costs for the years ended December 31, 2025, 2024, and 2023 were $67, $66, and $65, respectively. Supplemental balance sheet information related to operating leases was as follows (in thousands): <table style="border-collapse:collapse"><tr><td style="width:414.1pt" valign="middle"> </td><td style="width:68.3pt" valign="middle">As of December 31, 2025 </td></tr> <tr><td style="background-color:#CCEEFF;width:414.1pt" valign="middle">Operating lease right-of-use assets </td><td style="background-color:#CCEEFF;width:68.3pt" valign="middle"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">286</kbd> </td></tr> <tr><td style="width:414.1pt" valign="middle">Operating lease liabilities, current (included in Accrued Expenses) </td><td style="width:68.3pt" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">60</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:414.1pt" valign="middle">Operating lease liabilities, long-term </td><td style="background-color:#CCEEFF;width:68.3pt" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">226</kbd> </td></tr> <tr><td style="width:414.1pt" valign="middle">Total operating lease liabilities </td><td style="width:68.3pt" valign="middle"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">286</kbd> </td></tr> </table> <table style="border-collapse:collapse;width:99.82%"><tr><td style="width:86%" valign="middle">Maturities of operating lease liabilities at December 31, 2025 were as follows (in thousands): </td><td style="width:14%" valign="middle">As of December 31, 2025 </td></tr> <tr><td style="background-color:#CCEEFF;width:86%" valign="middle">2026 (less imputed interest) </td><td style="background-color:#CCEEFF;width:14%" valign="middle"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:60pt">60 </kbd> </td></tr> <tr><td style="width:86%" valign="middle">2027 (less imputed interest) </td><td style="width:14%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:60pt">56 </kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:86%" valign="middle">2028 (less imputed interest) </td><td style="background-color:#CCEEFF;width:14%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:60pt">45 </kbd> </td></tr> <tr><td style="width:86%" valign="middle">2029 (less imputed interest) </td><td style="width:14%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:60pt">46 </kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:86%" valign="middle">2030 (less imputed interest) </td><td style="background-color:#CCEEFF;width:14%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:60pt">47 </kbd> </td></tr> <tr><td style="width:86%" valign="middle">Thereafter (less imputed interest) </td><td style="width:14%;border-bottom:0.5pt solid #000000" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:60pt">32 </kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:86%" valign="middle"> Total lease payments </td><td style="background-color:#CCEEFF;width:14%;border-top:0.5pt solid #000000" valign="middle"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:60pt">307 </kbd> </td></tr> <tr><td style="width:86%" valign="middle"> Less: imputed interest </td><td style="width:14%;border-bottom:3px double #000000" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:60pt">(21)</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:86%" valign="middle"> Total lease liabilities </td><td style="background-color:#CCEEFF;width:14%" valign="middle"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:60pt">286 </kbd> </td></tr> </table> The following table provides information on the lease terms and discount rates: <table style="border-collapse:collapse;width:100%"><tr><td style="background-color:#CCEEFF;width:74.72%" valign="top">Weighted-average remaining lease term (in years) </td><td style="background-color:#CCEEFF;width:25.28%" valign="top">5.1 </td></tr> <tr><td style="width:74.72%" valign="top">Weighted-average discount rate </td><td style="width:25.28%" valign="top">4.1% </td></tr> </table>

P6Y P18M 87000

67000

66000

65000

<table style="border-collapse:collapse"><tr><td style="width:414.1pt" valign="middle"> </td><td style="width:68.3pt" valign="middle">As of December 31, 2025 </td></tr> <tr><td style="background-color:#CCEEFF;width:414.1pt" valign="middle">Operating lease right-of-use assets </td><td style="background-color:#CCEEFF;width:68.3pt" valign="middle"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">286</kbd> </td></tr> <tr><td style="width:414.1pt" valign="middle">Operating lease liabilities, current (included in Accrued Expenses) </td><td style="width:68.3pt" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">60</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:414.1pt" valign="middle">Operating lease liabilities, long-term </td><td style="background-color:#CCEEFF;width:68.3pt" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">226</kbd> </td></tr> <tr><td style="width:414.1pt" valign="middle">Total operating lease liabilities </td><td style="width:68.3pt" valign="middle"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">286</kbd> </td></tr> </table>

286000

60000

226000

286000

<table style="border-collapse:collapse;width:99.82%"><tr><td style="width:86%" valign="middle">Maturities of operating lease liabilities at December 31, 2025 were as follows (in thousands): </td><td style="width:14%" valign="middle">As of December 31, 2025 </td></tr> <tr><td style="background-color:#CCEEFF;width:86%" valign="middle">2026 (less imputed interest) </td><td style="background-color:#CCEEFF;width:14%" valign="middle"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:60pt">60 </kbd> </td></tr> <tr><td style="width:86%" valign="middle">2027 (less imputed interest) </td><td style="width:14%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:60pt">56 </kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:86%" valign="middle">2028 (less imputed interest) </td><td style="background-color:#CCEEFF;width:14%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:60pt">45 </kbd> </td></tr> <tr><td style="width:86%" valign="middle">2029 (less imputed interest) </td><td style="width:14%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:60pt">46 </kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:86%" valign="middle">2030 (less imputed interest) </td><td style="background-color:#CCEEFF;width:14%" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:60pt">47 </kbd> </td></tr> <tr><td style="width:86%" valign="middle">Thereafter (less imputed interest) </td><td style="width:14%;border-bottom:0.5pt solid #000000" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:60pt">32 </kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:86%" valign="middle"> Total lease payments </td><td style="background-color:#CCEEFF;width:14%;border-top:0.5pt solid #000000" valign="middle"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:60pt">307 </kbd> </td></tr> <tr><td style="width:86%" valign="middle"> Less: imputed interest </td><td style="width:14%;border-bottom:3px double #000000" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:60pt">(21)</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:86%" valign="middle"> Total lease liabilities </td><td style="background-color:#CCEEFF;width:14%" valign="middle"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:60pt">286 </kbd> </td></tr> </table> The following table provides information on the lease terms and discount rates: <table style="border-collapse:collapse;width:100%"><tr><td style="background-color:#CCEEFF;width:74.72%" valign="top">Weighted-average remaining lease term (in years) </td><td style="background-color:#CCEEFF;width:25.28%" valign="top">5.1 </td></tr> <tr><td style="width:74.72%" valign="top">Weighted-average discount rate </td><td style="width:25.28%" valign="top">4.1% </td></tr> </table>

60000

56000

45000

46000

47000

32000

307000

21000

286000

P5Y1M6D

0.041

Note 15 - Distribution Agreement Purchase UTMD completed the purchase of exclusive U.S. distribution rights for the Filshie Clip System from CooperSurgical, Inc. (CSI) on February 1, 2019, after which CSI no longer had the right to sell the Filshie Clip System and UTMD distributed the Filshie Clip System directly to clinical facilities in the U.S. The $21,000 purchase price represented an identifiable intangible asset which was straight-line amortized and recognized as part of G&A expenses over the 4.75 year remaining life of the prior CSI distribution agreement with Femcare. The agreement became fully amortized in 4th quarter 2023. As part of the agreement, UTMD also purchased the remaining CSI inventory for approximately $2,100.

21000000

4.75

Note 16 - Earnings Per Share Basic earnings per share is calculated by dividing net income attributable to the common stockholders of the company by the weighted average number of common shares outstanding during the period. Diluted earnings per share is calculated by assuming the exercise of stock options at the closing price of stock at the end of 2025. The following table reconciles the numerator and the denominator used to calculate basic and diluted earnings per share: <table style="border-collapse:collapse"><tr><td style="width:247.5pt" valign="top"></td><td style="width:76.5pt" valign="middle">2025 </td><td style="width:13.5pt" valign="top"> </td><td style="width:67.55pt" valign="middle">2024 </td><td style="width:13.5pt" valign="top"> </td><td style="width:63.85pt" valign="middle">2023 </td></tr> <tr><td style="background-color:#CCEEFF;width:247.5pt" valign="top">Numerator (in thousands) </td><td style="background-color:#CCEEFF;width:76.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:13.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:67.55pt" valign="top"> </td><td style="background-color:#CCEEFF;width:13.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:63.85pt" valign="top"> </td></tr> <tr><td style="width:247.5pt" valign="top">Net income </td><td style="width:76.5pt" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:69pt">11,286</kbd> </td><td style="width:13.5pt" valign="top"> </td><td style="width:67.55pt" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">13,874</kbd> </td><td style="width:13.5pt" valign="top"> </td><td style="width:63.85pt" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:57pt">16,635</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:247.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:76.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:13.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:67.55pt" valign="top"> </td><td style="background-color:#CCEEFF;width:13.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:63.85pt" valign="top"> </td></tr> <tr><td style="width:247.5pt" valign="top">Denominator </td><td style="width:76.5pt" valign="top"> </td><td style="width:13.5pt" valign="top"> </td><td style="width:67.55pt" valign="top"> </td><td style="width:13.5pt" valign="top"> </td><td style="width:63.85pt" valign="top"> </td></tr> <tr><td style="background-color:#CCEEFF;width:247.5pt" valign="top">Weighted average shares, basic </td><td style="background-color:#CCEEFF;width:76.5pt" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:69pt">3,240</kbd> </td><td style="background-color:#CCEEFF;width:13.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:67.55pt" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">3,503</kbd> </td><td style="background-color:#CCEEFF;width:13.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:63.85pt" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:57pt">3,629</kbd> </td></tr> <tr><td style="width:247.5pt" valign="top">Dilutive effect of stock options </td><td style="width:76.5pt;border-bottom:0.5pt solid #000000" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:69pt">-</kbd> </td><td style="width:13.5pt" valign="top"> </td><td style="width:67.55pt;border-bottom:0.5pt solid #000000" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">-</kbd> </td><td style="width:13.5pt" valign="top"> </td><td style="width:63.85pt;border-bottom:0.5pt solid #000000" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:57pt">8</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:247.5pt" valign="top">Diluted shares </td><td style="background-color:#CCEEFF;width:76.5pt;border-top:0.5pt solid #000000" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:69pt">3,240</kbd> </td><td style="background-color:#CCEEFF;width:13.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:67.55pt;border-top:0.5pt solid #000000" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">3,503</kbd> </td><td style="background-color:#CCEEFF;width:13.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:63.85pt;border-top:0.5pt solid #000000" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:57pt">3,637</kbd> </td></tr> <tr><td style="width:247.5pt" valign="top"> </td><td style="width:76.5pt" valign="middle"> </td><td style="width:13.5pt" valign="top"> </td><td style="width:67.55pt" valign="middle"> </td><td style="width:13.5pt" valign="top"> </td><td style="width:63.85pt" valign="middle"> </td></tr> <tr><td style="background-color:#CCEEFF;width:247.5pt" valign="top">Earnings per share, basic </td><td style="background-color:#CCEEFF;width:76.5pt" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:69pt">3.48</kbd> </td><td style="background-color:#CCEEFF;width:13.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:67.55pt" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">3.96</kbd> </td><td style="background-color:#CCEEFF;width:13.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:63.85pt" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:57pt">4.58</kbd> </td></tr> <tr><td style="width:247.5pt" valign="top">Earnings per share, diluted </td><td style="width:76.5pt" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:69pt">3.48</kbd> </td><td style="width:13.5pt" valign="top"> </td><td style="width:67.55pt" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">3.96</kbd> </td><td style="width:13.5pt" valign="top"> </td><td style="width:63.85pt" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:57pt">4.57</kbd> </td></tr> </table>

<table style="border-collapse:collapse"><tr><td style="width:247.5pt" valign="top"></td><td style="width:76.5pt" valign="middle">2025 </td><td style="width:13.5pt" valign="top"> </td><td style="width:67.55pt" valign="middle">2024 </td><td style="width:13.5pt" valign="top"> </td><td style="width:63.85pt" valign="middle">2023 </td></tr> <tr><td style="background-color:#CCEEFF;width:247.5pt" valign="top">Numerator (in thousands) </td><td style="background-color:#CCEEFF;width:76.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:13.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:67.55pt" valign="top"> </td><td style="background-color:#CCEEFF;width:13.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:63.85pt" valign="top"> </td></tr> <tr><td style="width:247.5pt" valign="top">Net income </td><td style="width:76.5pt" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:69pt">11,286</kbd> </td><td style="width:13.5pt" valign="top"> </td><td style="width:67.55pt" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">13,874</kbd> </td><td style="width:13.5pt" valign="top"> </td><td style="width:63.85pt" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:57pt">16,635</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:247.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:76.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:13.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:67.55pt" valign="top"> </td><td style="background-color:#CCEEFF;width:13.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:63.85pt" valign="top"> </td></tr> <tr><td style="width:247.5pt" valign="top">Denominator </td><td style="width:76.5pt" valign="top"> </td><td style="width:13.5pt" valign="top"> </td><td style="width:67.55pt" valign="top"> </td><td style="width:13.5pt" valign="top"> </td><td style="width:63.85pt" valign="top"> </td></tr> <tr><td style="background-color:#CCEEFF;width:247.5pt" valign="top">Weighted average shares, basic </td><td style="background-color:#CCEEFF;width:76.5pt" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:69pt">3,240</kbd> </td><td style="background-color:#CCEEFF;width:13.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:67.55pt" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">3,503</kbd> </td><td style="background-color:#CCEEFF;width:13.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:63.85pt" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:57pt">3,629</kbd> </td></tr> <tr><td style="width:247.5pt" valign="top">Dilutive effect of stock options </td><td style="width:76.5pt;border-bottom:0.5pt solid #000000" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:69pt">-</kbd> </td><td style="width:13.5pt" valign="top"> </td><td style="width:67.55pt;border-bottom:0.5pt solid #000000" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">-</kbd> </td><td style="width:13.5pt" valign="top"> </td><td style="width:63.85pt;border-bottom:0.5pt solid #000000" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:57pt">8</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:247.5pt" valign="top">Diluted shares </td><td style="background-color:#CCEEFF;width:76.5pt;border-top:0.5pt solid #000000" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:69pt">3,240</kbd> </td><td style="background-color:#CCEEFF;width:13.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:67.55pt;border-top:0.5pt solid #000000" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">3,503</kbd> </td><td style="background-color:#CCEEFF;width:13.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:63.85pt;border-top:0.5pt solid #000000" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:57pt">3,637</kbd> </td></tr> <tr><td style="width:247.5pt" valign="top"> </td><td style="width:76.5pt" valign="middle"> </td><td style="width:13.5pt" valign="top"> </td><td style="width:67.55pt" valign="middle"> </td><td style="width:13.5pt" valign="top"> </td><td style="width:63.85pt" valign="middle"> </td></tr> <tr><td style="background-color:#CCEEFF;width:247.5pt" valign="top">Earnings per share, basic </td><td style="background-color:#CCEEFF;width:76.5pt" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:69pt">3.48</kbd> </td><td style="background-color:#CCEEFF;width:13.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:67.55pt" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">3.96</kbd> </td><td style="background-color:#CCEEFF;width:13.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:63.85pt" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:57pt">4.58</kbd> </td></tr> <tr><td style="width:247.5pt" valign="top">Earnings per share, diluted </td><td style="width:76.5pt" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:69pt">3.48</kbd> </td><td style="width:13.5pt" valign="top"> </td><td style="width:67.55pt" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:61pt">3.96</kbd> </td><td style="width:13.5pt" valign="top"> </td><td style="width:63.85pt" valign="middle"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:57pt">4.57</kbd> </td></tr> </table>

11286000

13874000

16635000

3240000

3503000

3629000

8000

3240000

3503000

3637000

3.48

3.96

4.58

3.48

3.96

4.57

Note 17 – Segment Information The Company operates as one operating segment. The Company’s chief operating decision maker (“CODM”) is its chief executive officer, who reviews financial information presented on a consolidated basis. The CODM uses consolidated gross profit margin, operating margin, and net income to assess financial performance and allocate resources. These financial metrics are used by the CODM to make key operating decisions such as the allocation of budget between cost of sales, sales and marketing, research and development, and general and administrative expenses. The following table presents selected financial information with respect to the Company’s single operating segment for the years ended December 31, 2025, 2024 and 2023: <table style="border-collapse:collapse"><tr><td style="width:213.95pt" valign="top"> </td><td colspan="5" style="width:268.45pt" valign="top">Year Ended December 31, </td></tr> <tr><td style="width:213.95pt" valign="top"></td><td style="width:89.05pt" valign="top">2025 </td><td style="width:0.5pt" valign="top"> </td><td style="width:89.15pt" valign="top">2024 </td><td style="width:0.5pt" valign="top"> </td><td style="width:89.25pt" valign="top">2023 </td></tr> <tr><td style="background-color:#CCEEFF;width:213.95pt" valign="top">Revenues </td><td style="background-color:#CCEEFF;width:89.05pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">38,520 </kbd> </td><td style="background-color:#CCEEFF;width:0.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:89.15pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">40,903 </kbd> </td><td style="background-color:#CCEEFF;width:0.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:89.25pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">50,224 </kbd> </td></tr> <tr><td style="width:213.95pt" valign="top">Less: </td><td style="width:89.05pt" valign="top"> </td><td style="width:0.5pt" valign="top"> </td><td style="width:89.15pt" valign="top"> </td><td style="width:0.5pt" valign="top"> </td><td style="width:89.25pt" valign="top"> </td></tr> <tr><td style="background-color:#CCEEFF;width:213.95pt" valign="top">Standard cost of sales </td><td style="background-color:#CCEEFF;width:89.05pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">13,829 </kbd> </td><td style="background-color:#CCEEFF;width:0.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:89.15pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">13,406 </kbd> </td><td style="background-color:#CCEEFF;width:0.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:89.25pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">17,400 </kbd> </td></tr> <tr><td style="width:213.95pt" valign="top">Other cost of sales </td><td style="width:89.05pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">2,690 </kbd> </td><td style="width:0.5pt" valign="top"> </td><td style="width:89.15pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">3,353 </kbd> </td><td style="width:0.5pt" valign="top"> </td><td style="width:89.25pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">2,786 </kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:213.95pt" valign="top">Gross Profit </td><td style="background-color:#CCEEFF;width:89.05pt;border-top:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">22,001 </kbd> </td><td style="background-color:#CCEEFF;width:0.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:89.15pt;border-top:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">24,143 </kbd> </td><td style="background-color:#CCEEFF;width:0.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:89.25pt;border-top:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">30,038 </kbd> </td></tr> <tr><td style="width:213.95pt" valign="top">Gross Profit Margin </td><td style="width:89.05pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">57.1%</kbd> </td><td style="width:0.5pt" valign="top"> </td><td style="width:89.15pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">59.0%</kbd> </td><td style="width:0.5pt" valign="top"> </td><td style="width:89.25pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">59.8%</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:213.95pt" valign="top"> </td><td style="background-color:#CCEEFF;width:89.05pt" valign="top"> </td><td style="background-color:#CCEEFF;width:0.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:89.15pt" valign="top"> </td><td style="background-color:#CCEEFF;width:0.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:89.25pt" valign="top"> </td></tr> <tr><td style="width:213.95pt" valign="top">Sales & Marketing </td><td style="width:89.05pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">2,051 </kbd> </td><td style="width:0.5pt" valign="top"> </td><td style="width:89.15pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">1,901 </kbd> </td><td style="width:0.5pt" valign="top"> </td><td style="width:89.25pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">1,685 </kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:213.95pt" valign="top">Research & Development </td><td style="background-color:#CCEEFF;width:89.05pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">668 </kbd> </td><td style="background-color:#CCEEFF;width:0.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:89.15pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">813 </kbd> </td><td style="background-color:#CCEEFF;width:0.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:89.25pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">560 </kbd> </td></tr> <tr><td style="width:213.95pt" valign="top">Litigation Fees </td><td style="width:89.05pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">1,355 </kbd> </td><td style="width:0.5pt" valign="top"> </td><td style="width:89.15pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">2,139 </kbd> </td><td style="width:0.5pt" valign="top"> </td><td style="width:89.25pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">1,660 </kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:213.95pt" valign="top">Amortization </td><td style="background-color:#CCEEFF;width:89.05pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">2,126 </kbd> </td><td style="background-color:#CCEEFF;width:0.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:89.15pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">2,065 </kbd> </td><td style="background-color:#CCEEFF;width:0.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:89.25pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">5,692 </kbd> </td></tr> <tr><td style="width:213.95pt" valign="top">Other General & Administrative </td><td style="width:89.05pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">4,399 </kbd> </td><td style="width:0.5pt" valign="top"> </td><td style="width:89.15pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">3,631 </kbd> </td><td style="width:0.5pt" valign="top"> </td><td style="width:89.25pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">3,664 </kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:213.95pt" valign="top">Operating Income </td><td style="background-color:#CCEEFF;width:89.05pt;border-top:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">11,402 </kbd> </td><td style="background-color:#CCEEFF;width:0.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:89.15pt;border-top:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">13,594 </kbd> </td><td style="background-color:#CCEEFF;width:0.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:89.25pt;border-top:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">16,777 </kbd> </td></tr> <tr><td style="width:213.95pt" valign="top">Operating Income Margin </td><td style="width:89.05pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">29.6%</kbd> </td><td style="width:0.5pt" valign="top"> </td><td style="width:89.15pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">33.2%</kbd> </td><td style="width:0.5pt" valign="top"> </td><td style="width:89.25pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">33.4%</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:213.95pt" valign="top"> </td><td style="background-color:#CCEEFF;width:89.05pt" valign="top"> </td><td style="background-color:#CCEEFF;width:0.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:89.15pt" valign="top"> </td><td style="background-color:#CCEEFF;width:0.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:89.25pt" valign="top"> </td></tr> <tr><td style="width:213.95pt" valign="top">Other Income </td><td style="width:89.05pt" valign="top"> </td><td style="width:0.5pt" valign="top"> </td><td style="width:89.15pt" valign="top"> </td><td style="width:0.5pt" valign="top"> </td><td style="width:89.25pt" valign="top"> </td></tr> <tr><td style="background-color:#CCEEFF;width:213.95pt" valign="top">Interest income </td><td style="background-color:#CCEEFF;width:89.05pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">2,808 </kbd> </td><td style="background-color:#CCEEFF;width:0.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:89.15pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">3,367 </kbd> </td><td style="background-color:#CCEEFF;width:0.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:89.25pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">3,036 </kbd> </td></tr> <tr><td style="width:213.95pt" valign="top">Other income (expense) </td><td style="width:89.05pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">(100) </kbd> </td><td style="width:0.5pt" valign="top"> </td><td style="width:89.15pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">(159) </kbd> </td><td style="width:0.5pt" valign="top"> </td><td style="width:89.25pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">276 </kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:213.95pt" valign="top">Income before income taxes </td><td style="background-color:#CCEEFF;width:89.05pt;border-top:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">14,110 </kbd> </td><td style="background-color:#CCEEFF;width:0.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:89.15pt;border-top:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">16,802 </kbd> </td><td style="background-color:#CCEEFF;width:0.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:89.25pt;border-top:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">20,089 </kbd> </td></tr> <tr><td style="width:213.95pt" valign="top">Provision for income taxes </td><td style="width:89.05pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">2,824 </kbd> </td><td style="width:0.5pt" valign="top"> </td><td style="width:89.15pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">2,928 </kbd> </td><td style="width:0.5pt" valign="top"> </td><td style="width:89.25pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">3,454 </kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:213.95pt" valign="top">Net Income </td><td style="background-color:#CCEEFF;width:89.05pt;border-top:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">11,286 </kbd> </td><td style="background-color:#CCEEFF;width:0.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:89.15pt;border-top:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">13,874 </kbd> </td><td style="background-color:#CCEEFF;width:0.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:89.25pt;border-top:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">16,635 </kbd> </td></tr> </table> See the consolidated financial statements for other financial information regarding the Company’s operating segment.

<table style="border-collapse:collapse"><tr><td style="width:213.95pt" valign="top"> </td><td colspan="5" style="width:268.45pt" valign="top">Year Ended December 31, </td></tr> <tr><td style="width:213.95pt" valign="top"></td><td style="width:89.05pt" valign="top">2025 </td><td style="width:0.5pt" valign="top"> </td><td style="width:89.15pt" valign="top">2024 </td><td style="width:0.5pt" valign="top"> </td><td style="width:89.25pt" valign="top">2023 </td></tr> <tr><td style="background-color:#CCEEFF;width:213.95pt" valign="top">Revenues </td><td style="background-color:#CCEEFF;width:89.05pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">38,520 </kbd> </td><td style="background-color:#CCEEFF;width:0.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:89.15pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">40,903 </kbd> </td><td style="background-color:#CCEEFF;width:0.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:89.25pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">50,224 </kbd> </td></tr> <tr><td style="width:213.95pt" valign="top">Less: </td><td style="width:89.05pt" valign="top"> </td><td style="width:0.5pt" valign="top"> </td><td style="width:89.15pt" valign="top"> </td><td style="width:0.5pt" valign="top"> </td><td style="width:89.25pt" valign="top"> </td></tr> <tr><td style="background-color:#CCEEFF;width:213.95pt" valign="top">Standard cost of sales </td><td style="background-color:#CCEEFF;width:89.05pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">13,829 </kbd> </td><td style="background-color:#CCEEFF;width:0.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:89.15pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">13,406 </kbd> </td><td style="background-color:#CCEEFF;width:0.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:89.25pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">17,400 </kbd> </td></tr> <tr><td style="width:213.95pt" valign="top">Other cost of sales </td><td style="width:89.05pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">2,690 </kbd> </td><td style="width:0.5pt" valign="top"> </td><td style="width:89.15pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">3,353 </kbd> </td><td style="width:0.5pt" valign="top"> </td><td style="width:89.25pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">2,786 </kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:213.95pt" valign="top">Gross Profit </td><td style="background-color:#CCEEFF;width:89.05pt;border-top:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">22,001 </kbd> </td><td style="background-color:#CCEEFF;width:0.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:89.15pt;border-top:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">24,143 </kbd> </td><td style="background-color:#CCEEFF;width:0.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:89.25pt;border-top:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">30,038 </kbd> </td></tr> <tr><td style="width:213.95pt" valign="top">Gross Profit Margin </td><td style="width:89.05pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">57.1%</kbd> </td><td style="width:0.5pt" valign="top"> </td><td style="width:89.15pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">59.0%</kbd> </td><td style="width:0.5pt" valign="top"> </td><td style="width:89.25pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">59.8%</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:213.95pt" valign="top"> </td><td style="background-color:#CCEEFF;width:89.05pt" valign="top"> </td><td style="background-color:#CCEEFF;width:0.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:89.15pt" valign="top"> </td><td style="background-color:#CCEEFF;width:0.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:89.25pt" valign="top"> </td></tr> <tr><td style="width:213.95pt" valign="top">Sales & Marketing </td><td style="width:89.05pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">2,051 </kbd> </td><td style="width:0.5pt" valign="top"> </td><td style="width:89.15pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">1,901 </kbd> </td><td style="width:0.5pt" valign="top"> </td><td style="width:89.25pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">1,685 </kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:213.95pt" valign="top">Research & Development </td><td style="background-color:#CCEEFF;width:89.05pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">668 </kbd> </td><td style="background-color:#CCEEFF;width:0.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:89.15pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">813 </kbd> </td><td style="background-color:#CCEEFF;width:0.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:89.25pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">560 </kbd> </td></tr> <tr><td style="width:213.95pt" valign="top">Litigation Fees </td><td style="width:89.05pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">1,355 </kbd> </td><td style="width:0.5pt" valign="top"> </td><td style="width:89.15pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">2,139 </kbd> </td><td style="width:0.5pt" valign="top"> </td><td style="width:89.25pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">1,660 </kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:213.95pt" valign="top">Amortization </td><td style="background-color:#CCEEFF;width:89.05pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">2,126 </kbd> </td><td style="background-color:#CCEEFF;width:0.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:89.15pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">2,065 </kbd> </td><td style="background-color:#CCEEFF;width:0.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:89.25pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">5,692 </kbd> </td></tr> <tr><td style="width:213.95pt" valign="top">Other General & Administrative </td><td style="width:89.05pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">4,399 </kbd> </td><td style="width:0.5pt" valign="top"> </td><td style="width:89.15pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">3,631 </kbd> </td><td style="width:0.5pt" valign="top"> </td><td style="width:89.25pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">3,664 </kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:213.95pt" valign="top">Operating Income </td><td style="background-color:#CCEEFF;width:89.05pt;border-top:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">11,402 </kbd> </td><td style="background-color:#CCEEFF;width:0.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:89.15pt;border-top:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">13,594 </kbd> </td><td style="background-color:#CCEEFF;width:0.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:89.25pt;border-top:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">16,777 </kbd> </td></tr> <tr><td style="width:213.95pt" valign="top">Operating Income Margin </td><td style="width:89.05pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">29.6%</kbd> </td><td style="width:0.5pt" valign="top"> </td><td style="width:89.15pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">33.2%</kbd> </td><td style="width:0.5pt" valign="top"> </td><td style="width:89.25pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">33.4%</kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:213.95pt" valign="top"> </td><td style="background-color:#CCEEFF;width:89.05pt" valign="top"> </td><td style="background-color:#CCEEFF;width:0.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:89.15pt" valign="top"> </td><td style="background-color:#CCEEFF;width:0.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:89.25pt" valign="top"> </td></tr> <tr><td style="width:213.95pt" valign="top">Other Income </td><td style="width:89.05pt" valign="top"> </td><td style="width:0.5pt" valign="top"> </td><td style="width:89.15pt" valign="top"> </td><td style="width:0.5pt" valign="top"> </td><td style="width:89.25pt" valign="top"> </td></tr> <tr><td style="background-color:#CCEEFF;width:213.95pt" valign="top">Interest income </td><td style="background-color:#CCEEFF;width:89.05pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">2,808 </kbd> </td><td style="background-color:#CCEEFF;width:0.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:89.15pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">3,367 </kbd> </td><td style="background-color:#CCEEFF;width:0.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:89.25pt" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">3,036 </kbd> </td></tr> <tr><td style="width:213.95pt" valign="top">Other income (expense) </td><td style="width:89.05pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">(100) </kbd> </td><td style="width:0.5pt" valign="top"> </td><td style="width:89.15pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">(159) </kbd> </td><td style="width:0.5pt" valign="top"> </td><td style="width:89.25pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">276 </kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:213.95pt" valign="top">Income before income taxes </td><td style="background-color:#CCEEFF;width:89.05pt;border-top:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">14,110 </kbd> </td><td style="background-color:#CCEEFF;width:0.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:89.15pt;border-top:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">16,802 </kbd> </td><td style="background-color:#CCEEFF;width:0.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:89.25pt;border-top:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">20,089 </kbd> </td></tr> <tr><td style="width:213.95pt" valign="top">Provision for income taxes </td><td style="width:89.05pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">2,824 </kbd> </td><td style="width:0.5pt" valign="top"> </td><td style="width:89.15pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">2,928 </kbd> </td><td style="width:0.5pt" valign="top"> </td><td style="width:89.25pt;border-bottom:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">3,454 </kbd> </td></tr> <tr><td style="background-color:#CCEEFF;width:213.95pt" valign="top">Net Income </td><td style="background-color:#CCEEFF;width:89.05pt;border-top:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">11,286 </kbd> </td><td style="background-color:#CCEEFF;width:0.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:89.15pt;border-top:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">13,874 </kbd> </td><td style="background-color:#CCEEFF;width:0.5pt" valign="top"> </td><td style="background-color:#CCEEFF;width:89.25pt;border-top:0.5pt solid #000000" valign="top"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:82pt">16,635 </kbd> </td></tr> </table>

38520000

40903000

50224000

13829000 13406000 17400000 2690000 3353000 2786000

22001000

24143000

30038000

0.571 0.59 0.598

2051000

1901000

1685000

668000

813000

560000

1355000 2139000 1660000

2126000

2065000

5692000

4399000

3631000

3664000

11402000

13594000

16777000

0.296 0.332 0.334

2808000

3367000

3036000

-100000

-159000

276000

14110000

16802000

20089000

2824000

2928000

3454000

11286000

13874000

16635000

Note 18 – Recent Accounting Pronouncements In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, requiring public entities to disclose information about their reportable segments’ significant expenses and other segment items on an interim and annual basis. Public entities with a single reportable segment are required to apply the disclosure requirements in ASU 2023-07, as well as all existing segment disclosures and reconciliation requirements in ASC 280 on an interim and annual basis. The Company adopted ASU 2023-07 during the year ended December 31, 2024. See Note 17 Segment Information in the accompanying notes to the consolidated financial statements for further detail. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which requires public entities, on an annual basis, to provide disclosure of specific categories in the rate reconciliation, as well as disclosure of income taxes paid disaggregated by jurisdiction. ASU 2023-09 is effective for fiscal years beginning after December 15, 2024, with early adoption permitted. The Company adopted ASU 2023-09 effective January 1, 2025 and elected to apply the new disclosure requirements retrospectively to all periods presented. Accordingly, prior-year income tax disclosures have been updated to conform to the new guidance. See Note 7. In November 2024, the FASB issued ASU 2024-03, Income Statement-Reporting Comprehensive Income-Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses, requiring public entities to disclose additional information about specific expense categories in the notes to the financial statements on an interim and annual basis. ASU 2024-03 is effective for fiscal years beginning after December 15, 2026, and for interim periods beginning after December 15, 2027, with early adoption permitted. The Company is currently evaluating the impact of adopting ASU 2024-03. In September 2025, the FASB issued ASU 2025-06, “Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software”. This ASU clarifies and modernizes the accounting for costs related to internal-use software by removing references to prescriptive and sequential software development states and clarifies the threshold entities apply to begin capitalizing costs. Additionally, this ASU specifies that the disclosures in Subtopic 360-10, Property, Plant and Equipment - Overall, are required for all capitalized internal-use software costs, regardless of how those costs are presented in the financial statements. This ASU is effective for fiscal years beginning after December 15, 2027, with early adoption permitted. The Company is evaluating the impact of adopting ASU 2025-06.

In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, requiring public entities to disclose information about their reportable segments’ significant expenses and other segment items on an interim and annual basis. Public entities with a single reportable segment are required to apply the disclosure requirements in ASU 2023-07, as well as all existing segment disclosures and reconciliation requirements in ASC 280 on an interim and annual basis. The Company adopted ASU 2023-07 during the year ended December 31, 2024. See Note 17 Segment Information in the accompanying notes to the consolidated financial statements for further detail. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which requires public entities, on an annual basis, to provide disclosure of specific categories in the rate reconciliation, as well as disclosure of income taxes paid disaggregated by jurisdiction. ASU 2023-09 is effective for fiscal years beginning after December 15, 2024, with early adoption permitted. The Company adopted ASU 2023-09 effective January 1, 2025 and elected to apply the new disclosure requirements retrospectively to all periods presented. Accordingly, prior-year income tax disclosures have been updated to conform to the new guidance. See Note 7. In November 2024, the FASB issued ASU 2024-03, Income Statement-Reporting Comprehensive Income-Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses, requiring public entities to disclose additional information about specific expense categories in the notes to the financial statements on an interim and annual basis. ASU 2024-03 is effective for fiscal years beginning after December 15, 2026, and for interim periods beginning after December 15, 2027, with early adoption permitted. The Company is currently evaluating the impact of adopting ASU 2024-03. In September 2025, the FASB issued ASU 2025-06, “Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software”. This ASU clarifies and modernizes the accounting for costs related to internal-use software by removing references to prescriptive and sequential software development states and clarifies the threshold entities apply to begin capitalizing costs. Additionally, this ASU specifies that the disclosures in Subtopic 360-10, Property, Plant and Equipment - Overall, are required for all capitalized internal-use software costs, regardless of how those costs are presented in the financial statements. This ASU is effective for fiscal years beginning after December 15, 2027, with early adoption permitted. The Company is evaluating the impact of adopting ASU 2025-06.

Note 19 – Subsequent Events The Company evaluated its December 31, 2025 financial statements for subsequent events through the date the financial statements were issued. The Company is not aware of any subsequent events which would require recognition or disclosure in the financial statements. After December 31, 2025 through March 24, 2026, the Company made additional repurchases of 1,196 shares of its stock in the open market for $67, at an average price of $55.88 per share.