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Note 20 - Subsequent Events
6 Months Ended
Jun. 30, 2025
Notes to Financial Statements  
Subsequent Events [Text Block]

Note 20. Subsequent Events

 

On July 14, 2025, we reported that Ms. Christine Russell, our independent director, Chair of the Audit Committee, member of the Compensation Committee and the Nominating and Corporate Governance Committee, passed away. On July 29, 2025, we appointed Leonard J. Leblanc to the Board of Directors to fill Ms. Russell’s vacancy effective immediately. The Board also appointed Mr. Leblanc to serve on the Audit Committee, Compensation Committee and Nominating and Corporate Governance Committee in reliance on the limited exception provided under the Nasdaq Listing Rules. On July 29, 2025, we also appointed Mr. Jesse Chan to serve as the Chair of the Audit Committee.

 

In July 2025, the Company obtained a total of $740,000 in unsecured one-year bank loans with interest rates ranging from 2.6% to 3.8%.  The company repaid $2.8 million on an existing loan.