Motor Floorplan Arrangements	9 Months Ended
Sep. 30, 2026
Motor Floorplan Arrangements
Motor Floorplan Arrangements	8. Motor Floorplan Arrangements On September 30, 2026 and December 31, 2025, the Company had a line of credit with Wells Fargo and Yamaha Motor Finance for $1,250,000 and $1,000,000, respectively. Interest on the Company’s Wells Fargo line is calculated in two ways: the average daily balance is prime +5%, with a minimum prime at 5.5%, there is also a monthly flat charge of 0.2%, which is 2.4% annualized. After the 150-day due in full period, the average daily balance rate goes up to prime +8.5% with no monthly flat charge. On September 30, 2026 and December 31, 2025 the effective interest rate on the line of credit was approximately 18.1% and 1.2%, respectively. Interest on the Company’s Yamaha line is calculated on the average daily balance +4%, with a minimum prime at 8.0%. On September 30, 2026 and December 31, 2025, the interest rate was 11.2% and 5.1%, respectively. On September 30, 2026 and December 31, 2025, the outstanding motor balance with Wells Fargo was $58,966 and $57,285, respectively. On September 30, 2026 and December 31, 2025, the outstanding motor balance with Yamaha Motor Finance was $97,692 and $238,125, respectively. The outstanding balances are included in accounts payable on the condensed consolidated balance sheets.

Motor Floorplan Arrangements

9 Months Ended

Sep. 30, 2026

8. Motor Floorplan Arrangements

On September 30, 2026 and December 31, 2025, the Company had a line of credit with Wells Fargo and Yamaha Motor Finance for $1,250,000 and $1,000,000, respectively.

Interest on the Company’s Wells Fargo line is calculated in two ways: the average daily balance is prime +5%, with a minimum prime at 5.5%, there is also a monthly flat charge of 0.2%, which is 2.4% annualized. After the 150-day due in full period, the average daily balance rate goes up to prime +8.5% with no monthly flat charge. On September 30, 2026 and December 31, 2025 the effective interest rate on the line of credit was approximately 18.1% and 1.2%, respectively.

Interest on the Company’s Yamaha line is calculated on the average daily balance +4%, with a minimum prime at 8.0%. On September 30, 2026 and December 31, 2025, the interest rate was 11.2% and 5.1%, respectively.

On September 30, 2026 and December 31, 2025, the outstanding motor balance with Wells Fargo was $58,966 and $57,285, respectively. On September 30, 2026 and December 31, 2025, the outstanding motor balance with Yamaha Motor Finance was $97,692 and $238,125, respectively. The outstanding balances are included in accounts payable on the condensed consolidated balance sheets.