Note 13 - TotalStone Preferred Units |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Notes to Financial Statements | |
| Preferred Stock [Text Block] |
Note 13 TotalStone Preferred Units
The Company owns 100% of TotalStone’s outstanding common voting units. TotalStone’s historical Class B, Class C, and Special Preferred Membership Interests, and the payments made in respect of them, are described in the notes to the consolidated financial statements in the 2025 Form 10-K.
On the Restructuring Date ( March 7, 2025), all outstanding Class B and Class C Preferred Interests in TotalStone were exchanged for 3,782,641 shares of the Company’s Common Stock pursuant to the Master Exchange Agreement described in Note 2. The Special Preferred Membership Interests were also extinguished in connection with the restructuring. As of June 30, 2026, and December 31, 2025 no TotalStone preferred units remained outstanding. |