Note 16. Subsequent Events

In July 2026, the Company received $894 in IEEPA tariff refunds. Refer to Note 10, Commitments and Contingencies.

In August 2026, the Company entered into a $10,000 asset-based revolving credit facility with Salem Five Cents Savings Bank maturing August 2028. The revolving credit facility is secured by a first priority perfected security interest in substantially all of the assets of the Company, subject to customary exclusions. The amount available to borrow under the revolving credit facility is based on certain accounts receivable and future lease receivables. Borrowings under the revolving credit facility bear interest at the 1-month term SOFR plus 3%, which reduces to 1-month term SOFR plus 2.5% if no event of default occurs in the first year. The revolving credit facility contains customary events of default, including, without limitation, failure to make any payment when due. The revolving credit facility may be terminated at any time.