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Note 1. Basis of Presentation and Significant Accounting Policies The accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and with the instructions and regulations of the Securities and Exchange Commission to Form 10-Q. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements. This report should be read together with the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, including the audited financial statements and footnotes therein. Management believes that the unaudited condensed financial statements include all adjustments, consisting of normal recurring accruals, necessary to fairly state the Company's financial position as of March 31, 2026 and results of operations for the three-month periods ended March 31, 2026 and 2025, in accordance with accounting principles generally accepted in the United States of America. The results of interim periods may not be indicative of results to be expected for the year. <div style="-aw-sdt-tag:'e69-1e7-248-203-3d3f'">Nature of Business Electro-Sensors, Inc. (the "Company") manufactures and markets a complete line of monitoring and control systems for a wide range of industrial machine applications. The Company uses leading-edge technology to continuously improve its products, with the goal of manufacturing the industry-preferred product for each of our served markets. The Company sells these products through an internal sales staff and distributors to a wide range of industries that use the products in a variety of applications to monitor process machinery operations. The Company markets its products to customers located throughout the United States, Canada, Latin America, Europe, and Asia. </div> <div style="-aw-sdt-tag:'876-adc-3a9-de1-1bb2'">Cash and Cash Equivalents The Company considers all highly liquid debt instruments purchased with a maturity of three months or less to be cash equivalents. Cash equivalents are invested in commercial paper, money market accounts, and may also be invested in Treasury Bills with an original maturity of three months or less. Cash equivalents are carried at fair value. Cash equivalents were $7,986 and $7,985 as of March 31, 2026 and December 31, 2025, respectively. The Company maintains its cash and cash equivalents primarily in two bank deposit accounts, which, at times, may have a balance that exceeds federally insured limits. The Company has not experienced any losses on these accounts. The Company believes it is not exposed to significant credit risk on cash.</div> <div style="-aw-sdt-tag:'40a-b2f-005-223-6398'">Trade receivables and credit policies Trade receivables are uncollateralized customer obligations due under normal trade terms generally requiring payment within 30 days from the invoice date. Trade receivables are stated at the amount billed to the customer. Customer account balances with invoices over 90 days are considered delinquent. The Company does not accrue interest on delinquent trade receivables. Gross trade receivables at January 1, 2025 were $1,320. <div style="-aw-sdt-tag:'617-242-cb7-a2e-66f2'"></div></div><div style="-aw-sdt-tag:'40a-b2f-005-223-6398'"><div style="-aw-sdt-tag:'617-242-cb7-a2e-66f2'"></div>Payments of trade receivables are allocated to the specific invoices identified on the customer’s remittance advice or, if unspecified, are applied to the earliest unpaid invoices. The Company maintains an allowance for credit losses on trade receivables, which is recorded as an offset to trade receivables. Changes in the allowance for credit losses are included as a component of operating expenses in the Statements of Operations. The Company assesses credit losses on a collective basis where similar risk characteristics exist. Receivables that do not share risk characteristics with other receivables, or where known collectability issues exist, are evaluated on an individual basis. The allowance is based on the credit losses expected to arise over the life of the receivable (contractual term). The Company considers historical loss rates and current economic conditions when determining the expected credit losses. Receivables deemed uncollectible are written off against the allowance for credit losses. The Company has adopted the practical expedient to assume that the current conditions as of the balance sheet date will remain unchanged for the remaining life of the asset when developing a reasonable and supportable forecast as part of estimating expected credit losses on these assets. The allowance for credit losses was $11 and $11 at March 31, 2026 and December 31, 2025, respectively.</div> <div style="-aw-sdt-tag:'7d9-800-121-672-368e'">Revenue Recognition At contract inception, the Company assesses the goods and services to be provided to a customer and identifies a performance obligation for each distinct good or service. The transaction price for each performance obligation is determined at contract inception. Contracts, generally in the form of a purchase order, specify the product or service that is to be provided to the customer. The typical contract life is less than one month and contains a single performance obligation, to provide conforming goods or services to the customer. Certain contracts have a second performance obligation, which typically is the initialization of the HazardPROTM product. For contracts with multiple performance obligations, the transaction price is allocated to each performance obligation using the relative stand-alone selling price. Stand-alone selling prices are based on observable stand-alone prices charged to customers. Product revenue is recognized at the point in time when control is transferred to the customer, which typically occurs upon shipment. Service revenue is recognized when provided to the customer and typically takes less than a week to provide.</div> <div style="-aw-sdt-tag:'88f-038-86d-af6-35ed'">Fair Value Measurements The carrying value of cash equivalents, trade receivables, accounts payable, and other financial working capital items approximates fair value at March 31, 2026 and December 31, 2025, due to the short maturity nature of these instruments.</div> <div style="-aw-sdt-tag:'2aa-8fc-8ae-009-5b50'">Stock-Based Compensation The Company records compensation expense for stock options based on the estimated fair value of the options on the date of grant using the Black-Scholes-Merton (“BSM”) option pricing model. The Company uses historical data, among other factors, to estimate the expected price volatility, the expected option life, and the expected forfeiture rate. The risk-free interest rate is based on the U.S. Treasury yield curve in effect at the time of grant for the estimated life of the option.</div><div style="-aw-sdt-tag:'202-b22-bba-e94-d402'"></div><div style="-aw-sdt-tag:'202-b22-bba-e94-d402'"></div> <div style="-aw-sdt-tag:'326-dcb-5f8-272-35f8'">Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (US GAAP) requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Current significant estimates, including the underlying assumptions, consist of realizability of trade receivables, and valuation of deferred tax assets/liabilities, inventory, investments, and stock compensation expense. Actual results could differ from those estimates.</div> <div style="-aw-sdt-tag:'a8d-fdb-df9-621-45b5'">Net Loss per Common Share Basic loss per share excludes dilution and is determined by dividing net loss by the weighted-average number of common shares outstanding during the period. Diluted net loss per share reflects the potential dilution that could occur if securities such as options or restricted stock units were exercised or converted into common stock. Diluted earnings per share ("Diluted EPS") considers the impact of potentially dilutive securities except in periods in which there is a loss because the inclusion of the potential shares would have an anti-dilutive effect. Diluted EPS also excludes the impact of common shares issuable upon the exercise of outstanding stock options in periods in which the option exercise price is greater than the average market price of our common stock during the period. For the three-month period ended March 31, 2026, and 2025, 110,000 and 185,000, respectively, weighted-average common shares for underlying stock options have been excluded from the calculation of diluted EPS because their effect would be anti-dilutive. In addition, for each of the three-month periods ended March 31, 2026, and 2025, 52,500 and 84,000 restricted stock units, respectively, have been excluded from the calculation of diluted EPS because their effect would be anti-dilutive. </div><div style="-aw-sdt-tag:'95e-4c4-aab-176-f8af'"></div>

Nature of Business Electro-Sensors, Inc. (the "Company") manufactures and markets a complete line of monitoring and control systems for a wide range of industrial machine applications. The Company uses leading-edge technology to continuously improve its products, with the goal of manufacturing the industry-preferred product for each of our served markets. The Company sells these products through an internal sales staff and distributors to a wide range of industries that use the products in a variety of applications to monitor process machinery operations. The Company markets its products to customers located throughout the United States, Canada, Latin America, Europe, and Asia.

Cash and Cash Equivalents The Company considers all highly liquid debt instruments purchased with a maturity of three months or less to be cash equivalents. Cash equivalents are invested in commercial paper, money market accounts, and may also be invested in Treasury Bills with an original maturity of three months or less. Cash equivalents are carried at fair value. Cash equivalents were $7,986 and $7,985 as of March 31, 2026 and December 31, 2025, respectively. The Company maintains its cash and cash equivalents primarily in two bank deposit accounts, which, at times, may have a balance that exceeds federally insured limits. The Company has not experienced any losses on these accounts. The Company believes it is not exposed to significant credit risk on cash.

7986000

7985000

Trade receivables and credit policies Trade receivables are uncollateralized customer obligations due under normal trade terms generally requiring payment within 30 days from the invoice date. Trade receivables are stated at the amount billed to the customer. Customer account balances with invoices over 90 days are considered delinquent. The Company does not accrue interest on delinquent trade receivables. Gross trade receivables at January 1, 2025 were $1,320. <div style="-aw-sdt-tag:'617-242-cb7-a2e-66f2'"></div><div style="-aw-sdt-tag:'617-242-cb7-a2e-66f2'"></div>Payments of trade receivables are allocated to the specific invoices identified on the customer’s remittance advice or, if unspecified, are applied to the earliest unpaid invoices. The Company maintains an allowance for credit losses on trade receivables, which is recorded as an offset to trade receivables. Changes in the allowance for credit losses are included as a component of operating expenses in the Statements of Operations. The Company assesses credit losses on a collective basis where similar risk characteristics exist. Receivables that do not share risk characteristics with other receivables, or where known collectability issues exist, are evaluated on an individual basis. The allowance is based on the credit losses expected to arise over the life of the receivable (contractual term). The Company considers historical loss rates and current economic conditions when determining the expected credit losses. Receivables deemed uncollectible are written off against the allowance for credit losses. The Company has adopted the practical expedient to assume that the current conditions as of the balance sheet date will remain unchanged for the remaining life of the asset when developing a reasonable and supportable forecast as part of estimating expected credit losses on these assets. The allowance for credit losses was $11 and $11 at March 31, 2026 and December 31, 2025, respectively.

1320000

11000

Revenue Recognition At contract inception, the Company assesses the goods and services to be provided to a customer and identifies a performance obligation for each distinct good or service. The transaction price for each performance obligation is determined at contract inception. Contracts, generally in the form of a purchase order, specify the product or service that is to be provided to the customer. The typical contract life is less than one month and contains a single performance obligation, to provide conforming goods or services to the customer. Certain contracts have a second performance obligation, which typically is the initialization of the HazardPROTM product. For contracts with multiple performance obligations, the transaction price is allocated to each performance obligation using the relative stand-alone selling price. Stand-alone selling prices are based on observable stand-alone prices charged to customers. Product revenue is recognized at the point in time when control is transferred to the customer, which typically occurs upon shipment. Service revenue is recognized when provided to the customer and typically takes less than a week to provide.

Fair Value Measurements The carrying value of cash equivalents, trade receivables, accounts payable, and other financial working capital items approximates fair value at March 31, 2026 and December 31, 2025, due to the short maturity nature of these instruments.

Stock-Based Compensation The Company records compensation expense for stock options based on the estimated fair value of the options on the date of grant using the Black-Scholes-Merton (“BSM”) option pricing model. The Company uses historical data, among other factors, to estimate the expected price volatility, the expected option life, and the expected forfeiture rate. The risk-free interest rate is based on the U.S. Treasury yield curve in effect at the time of grant for the estimated life of the option.

Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (US GAAP) requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Current significant estimates, including the underlying assumptions, consist of realizability of trade receivables, and valuation of deferred tax assets/liabilities, inventory, investments, and stock compensation expense. Actual results could differ from those estimates.

Net Loss per Common Share Basic loss per share excludes dilution and is determined by dividing net loss by the weighted-average number of common shares outstanding during the period. Diluted net loss per share reflects the potential dilution that could occur if securities such as options or restricted stock units were exercised or converted into common stock. Diluted earnings per share ("Diluted EPS") considers the impact of potentially dilutive securities except in periods in which there is a loss because the inclusion of the potential shares would have an anti-dilutive effect. Diluted EPS also excludes the impact of common shares issuable upon the exercise of outstanding stock options in periods in which the option exercise price is greater than the average market price of our common stock during the period. For the three-month period ended March 31, 2026, and 2025, 110,000 and 185,000, respectively, weighted-average common shares for underlying stock options have been excluded from the calculation of diluted EPS because their effect would be anti-dilutive. In addition, for each of the three-month periods ended March 31, 2026, and 2025, 52,500 and 84,000 restricted stock units, respectively, have been excluded from the calculation of diluted EPS because their effect would be anti-dilutive.

110000

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52500

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Note 2. Investments The Company has investments in common equity securities of two private U.S. companies that have an undeterminable market. Equity securities are stated at estimated fair value and realized and unrealized gains and losses, if any, are reported in our Statements of Operations in non-operating income. The cost and estimated fair value of the Company’s investments are as follows: <div style="-aw-sdt-tag:'a17-851-c65-6c0-bed2'; -aw-sdt-title:'Investments_T1'"><table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:4.3pt"><td style="width:60%; vertical-align:bottom"> </td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:bottom"> </td><td style="width:8%; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"> </td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom"> </td><td colspan="2" style="padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><div style="-aw-sdt-tag:'C_6d1556287b5c4cb9bf14516685434257'">Gross</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom"> </td><td colspan="2" style="padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><div style="-aw-sdt-tag:'C_476f1d5737214eadadabae7271c6a882'">Gross</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:bottom"> </td><td style="width:8%; vertical-align:bottom"> </td></tr><tr style="height:4.3pt"><td style="width:60%; vertical-align:bottom"> </td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:bottom"> </td><td style="width:8%; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"> </td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom"> </td><td colspan="2" style="padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><div style="-aw-sdt-tag:'C_3ecad2da40734e5c83ba6432c0cf4cab'">unrealized</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom"> </td><td colspan="2" style="padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><div style="-aw-sdt-tag:'C_6fb0999ef6ff4fb585596fd8c193c8cd'">unrealized</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom"> </td><td colspan="2" style="padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><div style="-aw-sdt-tag:'C_c36f3e2559be4218bfa029377bd23f0f'">Fair</div></td></tr><tr style="height:4.3pt"><td style="width:60%; vertical-align:bottom"> </td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom"> </td><td colspan="2" style="border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom; -aw-border-bottom:0.5pt single"><div style="-aw-sdt-tag:'C_6135f71270eb4e05a752245754735a03'">Cost</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom"> </td><td colspan="2" style="border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom; -aw-border-bottom:0.5pt single"><div style="-aw-sdt-tag:'C_ece605aa55f24813ba53edbeb5bef070'">gain</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom"> </td><td colspan="2" style="border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom; -aw-border-bottom:0.5pt single"><div style="-aw-sdt-tag:'C_8209a560e72346f189f296dded6be64a'">loss</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom"> </td><td colspan="2" style="border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom; -aw-border-bottom:0.5pt single"><div style="-aw-sdt-tag:'C_c8bcf497ee264d58b39cb04a50f7a722'">value</div></td></tr><tr style="height:4.3pt"><td style="width:60%; vertical-align:top; background-color:#d6f3e8"><div style="-aw-sdt-tag:'de9-6b0-185-104-9993'">March 31, 2026</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:1%; border-top:0.75pt solid #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"> </td><td style="width:8%; border-top:0.75pt solid #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"> </td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:8%; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:8%; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:8%; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td></tr><tr style="height:4.3pt"><td style="width:60%; vertical-align:top; background-color:#ffffff"><div style="-aw-sdt-tag:'C_02f9b2bd576f4bbcb252cce61c39528e'">Equity Securities</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#ffffff; -aw-border-bottom:0.5pt single"><div style="-aw-sdt-tag:'C_cbeba4a6e2014f149ec7aea6bb1a3e7f'">$</div></td><td style="width:8%; border-bottom:0.75pt solid #000000; padding-right:1.45pt; padding-left:5.4pt; vertical-align:bottom; background-color:#ffffff; -aw-border-bottom:0.5pt single"><div style="-aw-sdt-tag:'cdd-3b3-3fa-d1f-6c1e'">54</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#ffffff; -aw-border-bottom:0.5pt single"><div style="-aw-sdt-tag:'C_eba2c1c2b25e4c3295fc5a3c968d513a'">$</div></td><td style="width:8%; border-bottom:0.75pt solid #000000; padding-right:1.45pt; padding-left:5.4pt; vertical-align:bottom; background-color:#ffffff; -aw-border-bottom:0.5pt single"><div style="-aw-sdt-tag:'200-81f-5ad-7f9-6c71'">2</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#ffffff; -aw-border-bottom:0.5pt single"><div style="-aw-sdt-tag:'C_01fc1f9e91184e1aad07cdbd68ff7e49'">$</div></td><td style="width:8%; border-bottom:0.75pt solid #000000; padding-right:1.45pt; padding-left:5.4pt; vertical-align:bottom; background-color:#ffffff; -aw-border-bottom:0.5pt single"><div style="-aw-sdt-tag:'fca-ade-55d-7ed-1a10'">0</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#ffffff; -aw-border-bottom:0.5pt single"><div style="-aw-sdt-tag:'C_5272fe33a0ec44d7b4a29f8f3cb6e6dd'">$</div></td><td style="width:8%; border-bottom:0.75pt solid #000000; padding-right:1.45pt; padding-left:5.4pt; vertical-align:bottom; background-color:#ffffff; -aw-border-bottom:0.5pt single"><div style="-aw-sdt-tag:'efd-819-f5b-e1d-e2cb'">56</div></td></tr><tr style="height:4.3pt"><td style="width:60%; vertical-align:top; background-color:#d6f3e8"><div style="-aw-sdt-tag:'939-6d7-b63-72e-3196'">Total Investments, March 31, 2026</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'1d1-9fa-aad-767-2352'">$</div></td><td style="width:8%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; padding-right:1.45pt; padding-left:5.4pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'27a-a18-c24-d0b-3e70'">54</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'6d6-c9b-152-e31-035e'">$</div></td><td style="width:8%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; padding-right:1.45pt; padding-left:5.4pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'4df-ca3-834-973-88e8'">2</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'ce8-45a-9c6-c85-48bb'">$</div></td><td style="width:8%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; padding-right:1.45pt; padding-left:5.4pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'f22-631-9f4-bba-eef6'">0</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'e47-f52-3f8-3ca-085d'">$</div></td><td style="width:8%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; padding-right:1.45pt; padding-left:5.4pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'c32-554-386-421-0528'">56</div></td></tr><tr style="height:4.3pt"><td style="width:60%; vertical-align:top; background-color:#ffffff"> </td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#ffffff"> </td><td colspan="2" style="border-top:2.25pt double #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#ffffff"> </td><td colspan="2" style="border-top:2.25pt double #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#ffffff"> </td><td colspan="2" style="border-top:2.25pt double #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#ffffff"> </td><td colspan="2" style="border-top:2.25pt double #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#ffffff"> </td></tr><tr style="height:4.3pt"><td style="width:60%; vertical-align:top; background-color:#d6f3e8"><div style="-aw-sdt-tag:'b92-68b-41a-726-6b3b'">December 31, 2025</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td colspan="2" style="padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td colspan="2" style="padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td colspan="2" style="padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td colspan="2" style="padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td></tr><tr style="height:4.3pt"><td style="width:60%; vertical-align:top"><div style="-aw-sdt-tag:'C_280472584b544fbd90c350271d28fa02'">Equity Securities</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; padding-right:1.45pt; vertical-align:bottom; -aw-border-bottom:0.5pt single"><div style="-aw-sdt-tag:'C_1302f92cf34c46ca8a92561722a372bf'">$</div></td><td style="width:8%; border-bottom:0.75pt solid #000000; padding-right:1.45pt; padding-left:5.4pt; vertical-align:bottom; -aw-border-bottom:0.5pt single"><div style="-aw-sdt-tag:'2ba-f49-f56-a0b-fe17'">54</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; padding-right:1.45pt; vertical-align:bottom; -aw-border-bottom:0.5pt single"><div style="-aw-sdt-tag:'C_75ffc740a78b40299620a9d842b336cc'">$</div></td><td style="width:8%; border-bottom:0.75pt solid #000000; padding-right:1.45pt; padding-left:5.4pt; vertical-align:bottom; -aw-border-bottom:0.5pt single"><div style="-aw-sdt-tag:'e6e-0d9-362-b9e-0c91'">2</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; padding-right:1.45pt; vertical-align:bottom; -aw-border-bottom:0.5pt single"><div style="-aw-sdt-tag:'C_7df8b076e09c43d999071b6a73737563'">$</div></td><td style="width:8%; border-bottom:0.75pt solid #000000; padding-right:1.45pt; padding-left:5.4pt; vertical-align:bottom; -aw-border-bottom:0.5pt single"><div style="-aw-sdt-tag:'a39-0bf-7c8-2b8-a925'">0</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; padding-right:1.45pt; vertical-align:bottom; -aw-border-bottom:0.5pt single"><div style="-aw-sdt-tag:'C_31a2dfb32805435584dd3a55c852e1af'">$</div></td><td style="width:8%; border-bottom:0.75pt solid #000000; padding-right:1.45pt; padding-left:5.4pt; vertical-align:bottom; -aw-border-bottom:0.5pt single"><div style="-aw-sdt-tag:'c51-9a0-af6-2f8-e9af'">56</div></td></tr><tr style="height:4.3pt"><td style="width:60%; vertical-align:top; background-color:#d6f3e8"><div style="-aw-sdt-tag:'639-99e-59a-149-e501'">Total Investments, December 31, 2025</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'97e-ebe-894-1f6-4b99'">$</div></td><td style="width:8%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; padding-right:1.45pt; padding-left:5.4pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'a0d-620-9fa-68a-8e56'">54</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'840-653-61c-bfc-1470'">$</div></td><td style="width:8%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; padding-right:1.45pt; padding-left:5.4pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'298-bbc-91e-f59-d33b'">2</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'843-c63-386-74f-4c0a'">$</div></td><td style="width:8%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; padding-right:1.45pt; padding-left:5.4pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'655-0c2-41e-4bf-9db4'">0</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'d06-35a-306-375-13cb'">$</div></td><td style="width:8%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; padding-right:1.45pt; padding-left:5.4pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'366-282-0cf-12c-2072'">56</div></td></tr></tbody></table></div>

<table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:4.3pt"><td style="width:60%; vertical-align:bottom"> </td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:bottom"> </td><td style="width:8%; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"> </td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom"> </td><td colspan="2" style="padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><div style="-aw-sdt-tag:'C_6d1556287b5c4cb9bf14516685434257'">Gross</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom"> </td><td colspan="2" style="padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><div style="-aw-sdt-tag:'C_476f1d5737214eadadabae7271c6a882'">Gross</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:bottom"> </td><td style="width:8%; vertical-align:bottom"> </td></tr><tr style="height:4.3pt"><td style="width:60%; vertical-align:bottom"> </td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:bottom"> </td><td style="width:8%; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"> </td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom"> </td><td colspan="2" style="padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><div style="-aw-sdt-tag:'C_3ecad2da40734e5c83ba6432c0cf4cab'">unrealized</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom"> </td><td colspan="2" style="padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><div style="-aw-sdt-tag:'C_6fb0999ef6ff4fb585596fd8c193c8cd'">unrealized</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom"> </td><td colspan="2" style="padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><div style="-aw-sdt-tag:'C_c36f3e2559be4218bfa029377bd23f0f'">Fair</div></td></tr><tr style="height:4.3pt"><td style="width:60%; vertical-align:bottom"> </td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom"> </td><td colspan="2" style="border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom; -aw-border-bottom:0.5pt single"><div style="-aw-sdt-tag:'C_6135f71270eb4e05a752245754735a03'">Cost</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom"> </td><td colspan="2" style="border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom; -aw-border-bottom:0.5pt single"><div style="-aw-sdt-tag:'C_ece605aa55f24813ba53edbeb5bef070'">gain</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom"> </td><td colspan="2" style="border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom; -aw-border-bottom:0.5pt single"><div style="-aw-sdt-tag:'C_8209a560e72346f189f296dded6be64a'">loss</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom"> </td><td colspan="2" style="border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom; -aw-border-bottom:0.5pt single"><div style="-aw-sdt-tag:'C_c8bcf497ee264d58b39cb04a50f7a722'">value</div></td></tr><tr style="height:4.3pt"><td style="width:60%; vertical-align:top; background-color:#d6f3e8"><div style="-aw-sdt-tag:'de9-6b0-185-104-9993'">March 31, 2026</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:1%; border-top:0.75pt solid #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"> </td><td style="width:8%; border-top:0.75pt solid #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"> </td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:8%; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:8%; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:8%; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td></tr><tr style="height:4.3pt"><td style="width:60%; vertical-align:top; background-color:#ffffff"><div style="-aw-sdt-tag:'C_02f9b2bd576f4bbcb252cce61c39528e'">Equity Securities</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#ffffff; -aw-border-bottom:0.5pt single"><div style="-aw-sdt-tag:'C_cbeba4a6e2014f149ec7aea6bb1a3e7f'">$</div></td><td style="width:8%; border-bottom:0.75pt solid #000000; padding-right:1.45pt; padding-left:5.4pt; vertical-align:bottom; background-color:#ffffff; -aw-border-bottom:0.5pt single"><div style="-aw-sdt-tag:'cdd-3b3-3fa-d1f-6c1e'">54</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#ffffff; -aw-border-bottom:0.5pt single"><div style="-aw-sdt-tag:'C_eba2c1c2b25e4c3295fc5a3c968d513a'">$</div></td><td style="width:8%; border-bottom:0.75pt solid #000000; padding-right:1.45pt; padding-left:5.4pt; vertical-align:bottom; background-color:#ffffff; -aw-border-bottom:0.5pt single"><div style="-aw-sdt-tag:'200-81f-5ad-7f9-6c71'">2</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#ffffff; -aw-border-bottom:0.5pt single"><div style="-aw-sdt-tag:'C_01fc1f9e91184e1aad07cdbd68ff7e49'">$</div></td><td style="width:8%; border-bottom:0.75pt solid #000000; padding-right:1.45pt; padding-left:5.4pt; vertical-align:bottom; background-color:#ffffff; -aw-border-bottom:0.5pt single"><div style="-aw-sdt-tag:'fca-ade-55d-7ed-1a10'">0</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#ffffff; -aw-border-bottom:0.5pt single"><div style="-aw-sdt-tag:'C_5272fe33a0ec44d7b4a29f8f3cb6e6dd'">$</div></td><td style="width:8%; border-bottom:0.75pt solid #000000; padding-right:1.45pt; padding-left:5.4pt; vertical-align:bottom; background-color:#ffffff; -aw-border-bottom:0.5pt single"><div style="-aw-sdt-tag:'efd-819-f5b-e1d-e2cb'">56</div></td></tr><tr style="height:4.3pt"><td style="width:60%; vertical-align:top; background-color:#d6f3e8"><div style="-aw-sdt-tag:'939-6d7-b63-72e-3196'">Total Investments, March 31, 2026</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'1d1-9fa-aad-767-2352'">$</div></td><td style="width:8%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; padding-right:1.45pt; padding-left:5.4pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'27a-a18-c24-d0b-3e70'">54</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'6d6-c9b-152-e31-035e'">$</div></td><td style="width:8%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; padding-right:1.45pt; padding-left:5.4pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'4df-ca3-834-973-88e8'">2</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'ce8-45a-9c6-c85-48bb'">$</div></td><td style="width:8%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; padding-right:1.45pt; padding-left:5.4pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'f22-631-9f4-bba-eef6'">0</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'e47-f52-3f8-3ca-085d'">$</div></td><td style="width:8%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; padding-right:1.45pt; padding-left:5.4pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'c32-554-386-421-0528'">56</div></td></tr><tr style="height:4.3pt"><td style="width:60%; vertical-align:top; background-color:#ffffff"> </td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#ffffff"> </td><td colspan="2" style="border-top:2.25pt double #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#ffffff"> </td><td colspan="2" style="border-top:2.25pt double #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#ffffff"> </td><td colspan="2" style="border-top:2.25pt double #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#ffffff"> </td><td colspan="2" style="border-top:2.25pt double #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#ffffff"> </td></tr><tr style="height:4.3pt"><td style="width:60%; vertical-align:top; background-color:#d6f3e8"><div style="-aw-sdt-tag:'b92-68b-41a-726-6b3b'">December 31, 2025</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td colspan="2" style="padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td colspan="2" style="padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td colspan="2" style="padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td colspan="2" style="padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td></tr><tr style="height:4.3pt"><td style="width:60%; vertical-align:top"><div style="-aw-sdt-tag:'C_280472584b544fbd90c350271d28fa02'">Equity Securities</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; padding-right:1.45pt; vertical-align:bottom; -aw-border-bottom:0.5pt single"><div style="-aw-sdt-tag:'C_1302f92cf34c46ca8a92561722a372bf'">$</div></td><td style="width:8%; border-bottom:0.75pt solid #000000; padding-right:1.45pt; padding-left:5.4pt; vertical-align:bottom; -aw-border-bottom:0.5pt single"><div style="-aw-sdt-tag:'2ba-f49-f56-a0b-fe17'">54</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; padding-right:1.45pt; vertical-align:bottom; -aw-border-bottom:0.5pt single"><div style="-aw-sdt-tag:'C_75ffc740a78b40299620a9d842b336cc'">$</div></td><td style="width:8%; border-bottom:0.75pt solid #000000; padding-right:1.45pt; padding-left:5.4pt; vertical-align:bottom; -aw-border-bottom:0.5pt single"><div style="-aw-sdt-tag:'e6e-0d9-362-b9e-0c91'">2</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; padding-right:1.45pt; vertical-align:bottom; -aw-border-bottom:0.5pt single"><div style="-aw-sdt-tag:'C_7df8b076e09c43d999071b6a73737563'">$</div></td><td style="width:8%; border-bottom:0.75pt solid #000000; padding-right:1.45pt; padding-left:5.4pt; vertical-align:bottom; -aw-border-bottom:0.5pt single"><div style="-aw-sdt-tag:'a39-0bf-7c8-2b8-a925'">0</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; padding-right:1.45pt; vertical-align:bottom; -aw-border-bottom:0.5pt single"><div style="-aw-sdt-tag:'C_31a2dfb32805435584dd3a55c852e1af'">$</div></td><td style="width:8%; border-bottom:0.75pt solid #000000; padding-right:1.45pt; padding-left:5.4pt; vertical-align:bottom; -aw-border-bottom:0.5pt single"><div style="-aw-sdt-tag:'c51-9a0-af6-2f8-e9af'">56</div></td></tr><tr style="height:4.3pt"><td style="width:60%; vertical-align:top; background-color:#d6f3e8"><div style="-aw-sdt-tag:'639-99e-59a-149-e501'">Total Investments, December 31, 2025</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'97e-ebe-894-1f6-4b99'">$</div></td><td style="width:8%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; padding-right:1.45pt; padding-left:5.4pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'a0d-620-9fa-68a-8e56'">54</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'840-653-61c-bfc-1470'">$</div></td><td style="width:8%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; padding-right:1.45pt; padding-left:5.4pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'298-bbc-91e-f59-d33b'">2</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'843-c63-386-74f-4c0a'">$</div></td><td style="width:8%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; padding-right:1.45pt; padding-left:5.4pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'655-0c2-41e-4bf-9db4'">0</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'d06-35a-306-375-13cb'">$</div></td><td style="width:8%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; padding-right:1.45pt; padding-left:5.4pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'366-282-0cf-12c-2072'">56</div></td></tr></tbody></table>

54000 2000 0

56000

54000 2000 0

56000

54000 2000 0

56000

54000 2000 0

56000

Note 3. Fair Value Measurements The following table provides information on those assets measured at fair value on a recurring basis. <div style="-aw-sdt-tag:'f21-beb-df8-4ea-76ea'"><div style="-aw-sdt-tag:'1c3-8d7-1bb-917-71c6'; -aw-sdt-title:'Current_Period_P8'">March 31, 2026</div><div style="-aw-sdt-tag:'427-16a-969-983-30a4'; -aw-sdt-title:'Fair Value Measurements_T1'"><table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:4.3pt"><td style="width:38%; vertical-align:bottom"> </td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom"> </td><td colspan="2" style="padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><div style="-aw-sdt-tag:'C_58e513b184da466495217b4326998546'">Carrying amount</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:bottom"> </td><td style="width:10%; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"> </td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom"> </td><td colspan="8" style="border-bottom:0.75pt solid #000000; vertical-align:bottom; -aw-border-bottom:0.5pt single"><div style="-aw-sdt-tag:'C_a1acf7a1d4184165ad4dd298f4adfd44'">Fair Value Measurement Using</div></td></tr><tr style="height:4.3pt"><td style="width:38%; vertical-align:bottom"> </td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom"> </td><td colspan="2" style="border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom; -aw-border-bottom:0.5pt single"><div style="-aw-sdt-tag:'C_a0746a08c5904cab8ea641fb45cea38e'">in balance sheet</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom"> </td><td colspan="2" style="border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom; -aw-border-bottom:0.5pt single"><div style="-aw-sdt-tag:'C_5011fb444bdf46018f7572086e7b9e89'">Fair Value</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom"> </td><td colspan="2" style="border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom; -aw-border-bottom:0.5pt single; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'C_85690dd1318e4533bccee5acc7e4e3c2'">Level 1</div></td><td style="width:1%; border-top:0.75pt solid #000000; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; -aw-border-top:0.5pt single"> </td><td colspan="2" style="border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom; -aw-border-bottom:0.5pt single; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'C_ed415a8639424886954bacd4bf7a1850'">Level 2</div></td><td style="width:1%; border-top:0.75pt solid #000000; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; -aw-border-top:0.5pt single"> </td><td colspan="2" style="border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom; -aw-border-bottom:0.5pt single; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'C_b0d113d8dda34cb9ab39e5b29eca0b81'">Level 3</div></td></tr><tr style="height:4.3pt"><td style="width:38%; vertical-align:bottom; background-color:#d6f3e8"><div style="-aw-sdt-tag:'C_425df3d16f0b458980ceaa41bce93c41'">Assets:</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:1%; border-top:0.75pt solid #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"> </td><td style="width:12%; border-top:0.75pt solid #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"> </td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:1%; border-top:0.75pt solid #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"> </td><td style="width:10%; border-top:0.75pt solid #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"> </td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:1%; border-top:0.75pt solid #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"> </td><td style="width:10%; border-top:0.75pt solid #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"> </td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:1%; border-top:0.75pt solid #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"> </td><td style="width:10%; border-top:0.75pt solid #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"> </td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:1%; border-top:0.75pt solid #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"> </td><td style="width:10%; border-top:0.75pt solid #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"> </td></tr><tr style="height:4.3pt"><td style="width:38%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_e3beed2338954867b8de65d40ca7029b'">Equity Securities</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_2b87e9107a8c4a328f7ff59419378834'">$</div></td><td style="width:12%; padding-right:1.45pt; vertical-align:bottom; background-color:#ffffff">56</td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_b8d28c96ccff42bdad19a9ae29453de7'">$</div></td><td style="width:10%; padding-right:1.45pt; vertical-align:bottom; background-color:#ffffff">56</td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_894c68b8d5144dc68237a853aef99ed2'">$</div></td><td style="width:10%; padding-right:1.45pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_1104fe12832742efb8a2173d45cb0eb4'">0</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_29c5df7c02fe4ac1b202c6b9d97fa959'">$</div></td><td style="width:10%; padding-right:1.45pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_a3f28582c7504e6d967214d2e70246de'">0</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_42c6cc66f99d4000a093c2d97b74c4f9'">$</div></td><td style="width:10%; padding-right:1.45pt; vertical-align:bottom; background-color:#ffffff">56</td></tr></tbody></table></div> <div style="-aw-sdt-tag:'0b2-d02-db5-e3d-dbae'; -aw-sdt-title:'Previous_Year_End_P5'">December 31, 2025</div><div style="-aw-sdt-tag:'4d5-72d-85f-522-b820'; -aw-sdt-title:'Fair Value Measurements_T2'"><table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:4.3pt"><td style="width:38%; vertical-align:bottom"> </td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom"> </td><td colspan="2" style="padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><div style="-aw-sdt-tag:'C_45936aefd0584e45b0c082b2e460dd97'">Carrying amount</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom"> </td><td colspan="2" style="padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"> </td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom"> </td><td colspan="8" style="border-bottom:0.75pt solid #000000; vertical-align:bottom; -aw-border-bottom:0.5pt single"><div style="-aw-sdt-tag:'C_e7c77fb132f14595886e31834587296e'">Fair Value Measurement Using</div></td></tr><tr style="height:4.3pt"><td style="width:38%; vertical-align:bottom"> </td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom"> </td><td colspan="2" style="border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom; -aw-border-bottom:0.5pt single"><div style="-aw-sdt-tag:'C_d29b064503bf40d1b12e131499d44354'">in balance sheet</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom"> </td><td colspan="2" style="border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom; -aw-border-bottom:0.5pt single"><div style="-aw-sdt-tag:'C_2957813707284128bd3c4529d4f225f3'">Fair Value</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom"> </td><td colspan="2" style="border-top:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'C_e89fd09f09bf43b7886e1f0b5a7d7ddc'">Level 1</div></td><td style="width:1%; border-top:0.75pt solid #000000; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; -aw-border-top:0.5pt single"> </td><td colspan="2" style="border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom; -aw-border-bottom:0.5pt single; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'C_059159afdf70408b8254f25ba91f02ae'">Level 2</div></td><td style="width:1%; border-top:0.75pt solid #000000; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; -aw-border-top:0.5pt single"> </td><td colspan="2" style="border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom; -aw-border-bottom:0.5pt single; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'C_03099a8c74d74b38b5fe7b8059bf4aed'">Level 3</div></td></tr><tr style="height:4.3pt"><td style="width:38%; vertical-align:bottom; background-color:#d6f3e8"><div style="-aw-sdt-tag:'C_201fa74d3a9d41c7966a699fbb74c44e'">Assets:</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:1%; border-top:0.75pt solid #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"> </td><td style="width:12%; border-top:0.75pt solid #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"> </td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:1%; border-top:0.75pt solid #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"> </td><td style="width:10%; border-top:0.75pt solid #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"> </td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:1%; border-top:0.75pt solid #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"> </td><td style="width:10%; border-top:0.75pt solid #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"> </td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:1%; border-top:0.75pt solid #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"> </td><td style="width:10%; border-top:0.75pt solid #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"> </td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:1%; border-top:0.75pt solid #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"> </td><td style="width:10%; border-top:0.75pt solid #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"> </td></tr><tr style="height:4.3pt"><td style="width:38%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_e0329eb849ce41e0950038da4c784271'">Equity Securities</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_1d207e95104642bb885cf26807776d18'">$</div></td><td style="width:12%; padding-right:1.45pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_f8c9dcfc25b3401cbaf82e98a71d9042'">56</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_9a14f53864824c5399a9fba478e5506d'">$</div></td><td style="width:10%; padding-right:1.45pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_48f5cb49da934ee3a4cbe2875c76c55a'">56</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_4f250cb8b6914ae792c7a21625276c01'">$</div></td><td style="width:10%; padding-right:1.45pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_f15ebf2f12a04c1682725684971e1def'">0</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_8499d678dcb044a489d11d82c0e543b8'">$</div></td><td style="width:10%; padding-right:1.45pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_30cc144aa28947708a1f807f1f831b78'">0</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_cdbf6ef08109402e8a1f6513f464be1a'">$</div></td><td style="width:10%; padding-right:1.45pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_528efea7fee847d9ab6fdeddcf1cd860'">56</div></td></tr></tbody></table></div></div> The equity securities owned by the Company are investments in two non-publicly traded companies. There is an undeterminable market for each of these two companies and the Company has determined the fair value based on financial and other factors that are considered Level 3 inputs in the fair value hierarchy. There was no change in Level 3 assets measured at fair value on a recurring basis during the three months ended March 31, 2026 and 2025.

<div style="-aw-sdt-tag:'1c3-8d7-1bb-917-71c6'; -aw-sdt-title:'Current_Period_P8'">March 31, 2026</div><div style="-aw-sdt-tag:'427-16a-969-983-30a4'; -aw-sdt-title:'Fair Value Measurements_T1'"><table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:4.3pt"><td style="width:38%; vertical-align:bottom"> </td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom"> </td><td colspan="2" style="padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><div style="-aw-sdt-tag:'C_58e513b184da466495217b4326998546'">Carrying amount</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:bottom"> </td><td style="width:10%; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"> </td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom"> </td><td colspan="8" style="border-bottom:0.75pt solid #000000; vertical-align:bottom; -aw-border-bottom:0.5pt single"><div style="-aw-sdt-tag:'C_a1acf7a1d4184165ad4dd298f4adfd44'">Fair Value Measurement Using</div></td></tr><tr style="height:4.3pt"><td style="width:38%; vertical-align:bottom"> </td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom"> </td><td colspan="2" style="border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom; -aw-border-bottom:0.5pt single"><div style="-aw-sdt-tag:'C_a0746a08c5904cab8ea641fb45cea38e'">in balance sheet</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom"> </td><td colspan="2" style="border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom; -aw-border-bottom:0.5pt single"><div style="-aw-sdt-tag:'C_5011fb444bdf46018f7572086e7b9e89'">Fair Value</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom"> </td><td colspan="2" style="border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom; -aw-border-bottom:0.5pt single; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'C_85690dd1318e4533bccee5acc7e4e3c2'">Level 1</div></td><td style="width:1%; border-top:0.75pt solid #000000; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; -aw-border-top:0.5pt single"> </td><td colspan="2" style="border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom; -aw-border-bottom:0.5pt single; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'C_ed415a8639424886954bacd4bf7a1850'">Level 2</div></td><td style="width:1%; border-top:0.75pt solid #000000; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; -aw-border-top:0.5pt single"> </td><td colspan="2" style="border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom; -aw-border-bottom:0.5pt single; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'C_b0d113d8dda34cb9ab39e5b29eca0b81'">Level 3</div></td></tr><tr style="height:4.3pt"><td style="width:38%; vertical-align:bottom; background-color:#d6f3e8"><div style="-aw-sdt-tag:'C_425df3d16f0b458980ceaa41bce93c41'">Assets:</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:1%; border-top:0.75pt solid #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"> </td><td style="width:12%; border-top:0.75pt solid #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"> </td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:1%; border-top:0.75pt solid #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"> </td><td style="width:10%; border-top:0.75pt solid #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"> </td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:1%; border-top:0.75pt solid #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"> </td><td style="width:10%; border-top:0.75pt solid #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"> </td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:1%; border-top:0.75pt solid #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"> </td><td style="width:10%; border-top:0.75pt solid #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"> </td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:1%; border-top:0.75pt solid #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"> </td><td style="width:10%; border-top:0.75pt solid #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"> </td></tr><tr style="height:4.3pt"><td style="width:38%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_e3beed2338954867b8de65d40ca7029b'">Equity Securities</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_2b87e9107a8c4a328f7ff59419378834'">$</div></td><td style="width:12%; padding-right:1.45pt; vertical-align:bottom; background-color:#ffffff">56</td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_b8d28c96ccff42bdad19a9ae29453de7'">$</div></td><td style="width:10%; padding-right:1.45pt; vertical-align:bottom; background-color:#ffffff">56</td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_894c68b8d5144dc68237a853aef99ed2'">$</div></td><td style="width:10%; padding-right:1.45pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_1104fe12832742efb8a2173d45cb0eb4'">0</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_29c5df7c02fe4ac1b202c6b9d97fa959'">$</div></td><td style="width:10%; padding-right:1.45pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_a3f28582c7504e6d967214d2e70246de'">0</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_42c6cc66f99d4000a093c2d97b74c4f9'">$</div></td><td style="width:10%; padding-right:1.45pt; vertical-align:bottom; background-color:#ffffff">56</td></tr></tbody></table></div> <div style="-aw-sdt-tag:'0b2-d02-db5-e3d-dbae'; -aw-sdt-title:'Previous_Year_End_P5'">December 31, 2025</div><div style="-aw-sdt-tag:'4d5-72d-85f-522-b820'; -aw-sdt-title:'Fair Value Measurements_T2'"><table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:4.3pt"><td style="width:38%; vertical-align:bottom"> </td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom"> </td><td colspan="2" style="padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><div style="-aw-sdt-tag:'C_45936aefd0584e45b0c082b2e460dd97'">Carrying amount</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom"> </td><td colspan="2" style="padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"> </td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom"> </td><td colspan="8" style="border-bottom:0.75pt solid #000000; vertical-align:bottom; -aw-border-bottom:0.5pt single"><div style="-aw-sdt-tag:'C_e7c77fb132f14595886e31834587296e'">Fair Value Measurement Using</div></td></tr><tr style="height:4.3pt"><td style="width:38%; vertical-align:bottom"> </td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom"> </td><td colspan="2" style="border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom; -aw-border-bottom:0.5pt single"><div style="-aw-sdt-tag:'C_d29b064503bf40d1b12e131499d44354'">in balance sheet</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom"> </td><td colspan="2" style="border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom; -aw-border-bottom:0.5pt single"><div style="-aw-sdt-tag:'C_2957813707284128bd3c4529d4f225f3'">Fair Value</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom"> </td><td colspan="2" style="border-top:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'C_e89fd09f09bf43b7886e1f0b5a7d7ddc'">Level 1</div></td><td style="width:1%; border-top:0.75pt solid #000000; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; -aw-border-top:0.5pt single"> </td><td colspan="2" style="border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom; -aw-border-bottom:0.5pt single; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'C_059159afdf70408b8254f25ba91f02ae'">Level 2</div></td><td style="width:1%; border-top:0.75pt solid #000000; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; -aw-border-top:0.5pt single"> </td><td colspan="2" style="border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom; -aw-border-bottom:0.5pt single; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'C_03099a8c74d74b38b5fe7b8059bf4aed'">Level 3</div></td></tr><tr style="height:4.3pt"><td style="width:38%; vertical-align:bottom; background-color:#d6f3e8"><div style="-aw-sdt-tag:'C_201fa74d3a9d41c7966a699fbb74c44e'">Assets:</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:1%; border-top:0.75pt solid #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"> </td><td style="width:12%; border-top:0.75pt solid #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"> </td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:1%; border-top:0.75pt solid #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"> </td><td style="width:10%; border-top:0.75pt solid #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"> </td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:1%; border-top:0.75pt solid #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"> </td><td style="width:10%; border-top:0.75pt solid #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"> </td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:1%; border-top:0.75pt solid #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"> </td><td style="width:10%; border-top:0.75pt solid #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"> </td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:1%; border-top:0.75pt solid #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"> </td><td style="width:10%; border-top:0.75pt solid #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"> </td></tr><tr style="height:4.3pt"><td style="width:38%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_e0329eb849ce41e0950038da4c784271'">Equity Securities</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_1d207e95104642bb885cf26807776d18'">$</div></td><td style="width:12%; padding-right:1.45pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_f8c9dcfc25b3401cbaf82e98a71d9042'">56</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_9a14f53864824c5399a9fba478e5506d'">$</div></td><td style="width:10%; padding-right:1.45pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_48f5cb49da934ee3a4cbe2875c76c55a'">56</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_4f250cb8b6914ae792c7a21625276c01'">$</div></td><td style="width:10%; padding-right:1.45pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_f15ebf2f12a04c1682725684971e1def'">0</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_8499d678dcb044a489d11d82c0e543b8'">$</div></td><td style="width:10%; padding-right:1.45pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_30cc144aa28947708a1f807f1f831b78'">0</div></td><td style="width:1%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_cdbf6ef08109402e8a1f6513f464be1a'">$</div></td><td style="width:10%; padding-right:1.45pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'C_528efea7fee847d9ab6fdeddcf1cd860'">56</div></td></tr></tbody></table></div>

56000 56000 0 0 56000 56000 56000 0 0 56000 2 2

Note 4. Inventories Inventories used in the determination of cost of goods sold are as follows: <div style="-aw-sdt-tag:'b8e-86f-47f-204-75c0'; -aw-sdt-title:'Inventories Table'"><table cellpadding="0" cellspacing="0" style="width:72.5%; margin-right:auto; margin-left:auto; border-collapse:collapse"><tbody><tr style="height:15pt"><td style="width:66%; vertical-align:bottom"> </td><td colspan="2" style="border-bottom:0.75pt solid #000000; vertical-align:bottom; -aw-border-bottom:0.5pt single">March 31, 2026</td><td style="width:0.94%; vertical-align:bottom"> </td><td style="width:0.94%; vertical-align:top"> </td><td colspan="2" style="border-bottom:0.75pt solid #000000; vertical-align:bottom; -aw-border-bottom:0.5pt single">December 31, 2025</td></tr><tr style="height:12.75pt"><td style="width:66%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#d6f3e8"><div style="-aw-sdt-tag:'C_6877784487d54c8dad15212d385b90b5'">Raw Materials</div></td><td style="width:1%; border-top:0.75pt solid #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'C_6595ff0076ae41388adbac5419e6e97d'">$</div></td><td style="width:10%; border-top:0.75pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single">1,319</td><td style="width:0.94%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:0.94%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:1%; border-top:0.75pt solid #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'C_f6c042397d57401c92514bb560c52d74'">$</div></td><td style="width:10%; border-top:0.75pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'C_21161a68128d4e26b71d195f4ae91e2c'">1,309</div></td></tr><tr style="height:12.75pt"><td style="width:66%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom"><div style="-aw-sdt-tag:'C_6bb5f4fd26dd4ae8b6674e3fa96b3ee9'">Work In Process</div></td><td style="width:1%; padding-right:1.45pt; vertical-align:bottom"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom">342</td><td style="width:0.94%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom"> </td><td style="width:0.94%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:bottom"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom"><div style="-aw-sdt-tag:'C_23c6016b19944c188a51eecfa7ab32e9'">353</div></td></tr><tr style="height:12.75pt"><td style="width:66%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#d6f3e8"><div style="-aw-sdt-tag:'C_8ec76775743e46a49a48ea4ca4d3f749'">Finished Goods</div></td><td style="width:1%; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#d6f3e8">439</td><td style="width:0.94%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:0.94%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#d6f3e8"><div style="-aw-sdt-tag:'C_5f3233436f4f41469e2fab0e14a41882'">386</div></td></tr><tr style="height:13.5pt"><td style="width:66%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom"><div style="-aw-sdt-tag:'C_0a44fd834fa345eb8686eafd6db63692'">Reserve for Obsolescence</div></td><td style="width:1%; border-bottom:0.75pt solid #000000; padding-right:1.45pt; vertical-align:bottom; -aw-border-bottom:0.5pt single"> </td><td style="width:10%; border-bottom:0.75pt solid #000000; vertical-align:bottom; -aw-border-bottom:0.5pt single">(20)</td><td style="width:0.94%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom"> </td><td style="width:0.94%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; padding-right:1.45pt; vertical-align:bottom; -aw-border-bottom:0.5pt single"> </td><td style="width:10%; border-bottom:0.75pt solid #000000; vertical-align:bottom; -aw-border-bottom:0.5pt single">(20)</td></tr><tr style="height:13.5pt"><td style="width:66%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#d6f3e8"><div style="-aw-sdt-tag:'C_eaae0f8f16eb4cb0a59ea2c0db140947'">Total Inventories, net</div></td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'C_7b3fc6c0df184e109e9886f80af6a0fb'">$</div></td><td style="width:10%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single">2,080</td><td style="width:0.94%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:0.94%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'C_88c13b67760144d6855c58bbf37730d8'">$</div></td><td style="width:10%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'C_2cb7c177a100438f8bfb1a0aaf863cd2'">2,028</div></td></tr></tbody></table></div>

<table cellpadding="0" cellspacing="0" style="width:72.5%; margin-right:auto; margin-left:auto; border-collapse:collapse"><tbody><tr style="height:15pt"><td style="width:66%; vertical-align:bottom"> </td><td colspan="2" style="border-bottom:0.75pt solid #000000; vertical-align:bottom; -aw-border-bottom:0.5pt single">March 31, 2026</td><td style="width:0.94%; vertical-align:bottom"> </td><td style="width:0.94%; vertical-align:top"> </td><td colspan="2" style="border-bottom:0.75pt solid #000000; vertical-align:bottom; -aw-border-bottom:0.5pt single">December 31, 2025</td></tr><tr style="height:12.75pt"><td style="width:66%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#d6f3e8"><div style="-aw-sdt-tag:'C_6877784487d54c8dad15212d385b90b5'">Raw Materials</div></td><td style="width:1%; border-top:0.75pt solid #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'C_6595ff0076ae41388adbac5419e6e97d'">$</div></td><td style="width:10%; border-top:0.75pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single">1,319</td><td style="width:0.94%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:0.94%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:1%; border-top:0.75pt solid #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'C_f6c042397d57401c92514bb560c52d74'">$</div></td><td style="width:10%; border-top:0.75pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'C_21161a68128d4e26b71d195f4ae91e2c'">1,309</div></td></tr><tr style="height:12.75pt"><td style="width:66%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom"><div style="-aw-sdt-tag:'C_6bb5f4fd26dd4ae8b6674e3fa96b3ee9'">Work In Process</div></td><td style="width:1%; padding-right:1.45pt; vertical-align:bottom"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom">342</td><td style="width:0.94%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom"> </td><td style="width:0.94%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:bottom"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom"><div style="-aw-sdt-tag:'C_23c6016b19944c188a51eecfa7ab32e9'">353</div></td></tr><tr style="height:12.75pt"><td style="width:66%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#d6f3e8"><div style="-aw-sdt-tag:'C_8ec76775743e46a49a48ea4ca4d3f749'">Finished Goods</div></td><td style="width:1%; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#d6f3e8">439</td><td style="width:0.94%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:0.94%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:1%; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#d6f3e8"><div style="-aw-sdt-tag:'C_5f3233436f4f41469e2fab0e14a41882'">386</div></td></tr><tr style="height:13.5pt"><td style="width:66%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom"><div style="-aw-sdt-tag:'C_0a44fd834fa345eb8686eafd6db63692'">Reserve for Obsolescence</div></td><td style="width:1%; border-bottom:0.75pt solid #000000; padding-right:1.45pt; vertical-align:bottom; -aw-border-bottom:0.5pt single"> </td><td style="width:10%; border-bottom:0.75pt solid #000000; vertical-align:bottom; -aw-border-bottom:0.5pt single">(20)</td><td style="width:0.94%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom"> </td><td style="width:0.94%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom"> </td><td style="width:1%; border-bottom:0.75pt solid #000000; padding-right:1.45pt; vertical-align:bottom; -aw-border-bottom:0.5pt single"> </td><td style="width:10%; border-bottom:0.75pt solid #000000; vertical-align:bottom; -aw-border-bottom:0.5pt single">(20)</td></tr><tr style="height:13.5pt"><td style="width:66%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#d6f3e8"><div style="-aw-sdt-tag:'C_eaae0f8f16eb4cb0a59ea2c0db140947'">Total Inventories, net</div></td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'C_7b3fc6c0df184e109e9886f80af6a0fb'">$</div></td><td style="width:10%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single">2,080</td><td style="width:0.94%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:0.94%; padding-right:1.45pt; padding-left:1.45pt; vertical-align:bottom; background-color:#d6f3e8"> </td><td style="width:1%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; padding-right:1.45pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'C_88c13b67760144d6855c58bbf37730d8'">$</div></td><td style="width:10%; border-top:0.75pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#d6f3e8; -aw-border-top:0.5pt single"><div style="-aw-sdt-tag:'C_2cb7c177a100438f8bfb1a0aaf863cd2'">2,028</div></td></tr></tbody></table>

1319000

1309000

342000

353000

439000

386000

20000

2080000

2028000

Note 5. Stock-Based CompensationStock optionsThe 2013 Equity Incentive Plan (the “2013 Plan”) authorizes the issuance of nonqualified stock options. Payment for the shares may be made in cash, shares of the Company’s common stock or a combination thereof. Under the terms of the 2013 Plan, non-qualified stock options are granted at a minimum of 100% of fair market value on the date of grant and may be exercised at various times depending upon the terms of the option. All existing options expire 10 years from the date of grant, subject to early termination 12 months after termination of employment or service due to death, disability, or termination other than for cause. The grants include a provision providing for acceleration of vesting upon a change of control in the Company. As of March 31, 2026, the total unrecognized compensation expense related to outstanding stock options was $54, which the Company expects to recognize through October 2028. The Company recognized compensation expense in connection with the vesting of stock options of $8 and $10 for the three months ended March 31, 2026, and 2025, respectively. There were no stock options granted or exercised in the three months ended March 31, 2025. There were no stock options granted in the three months ended March 31, 2026. In February 2026, the Company’s president exercised 50,000 stock options for a total exercise price of $171.<div style="-aw-sdt-tag:'302-57c-2a8-887-0a4e'"></div><div style="-aw-sdt-tag:'302-57c-2a8-887-0a4e'"></div> Restricted stock units The 2013 Plan authorizes the issuance of restricted stock units. Stock-based compensation expense is determined on the grant date based on the closing market value of the Company's common stock. The amount of expense is calculated based on an estimate of the number of awards expected to vest at the end of each vesting period and is expensed evenly over the vesting period. In connection with the time of vesting and issuance of shares, an eligible recipient of common stock may elect to have some shares withheld by the Company to satisfy any requirement for withholding taxes. The grants include a provision providing for acceleration of vesting upon a change of control in the Company. As of March 31, 2026, the total unrecognized compensation expense related to outstanding restricted stock units is $174, which the Company expects to recognize through August 2028. The Company recognized compensation expense in connection with the vesting of restricted stock units of $18 and $22 for the three months ended March 31, 2026 and 2025, respectively. There were no restricted stock units granted in the three months ended March 31, 2026 and 2025.

P10Y

P12M

54000

8000

10000

50000

171000

174000

18000

22000

Note 6. Contingencies The Company at times becomes subject to claims against it in the ordinary course of business. There are currently no pending or threatened claims against the Company that it believes will have a material adverse effect on its results of operations or liquidity.

Note 7. Segment Information The Company has a single reportable segment based on the nature of its services and regulatory environment under which it operates. The nature of the business and the accounting policies of the segment are the same as described throughout Note 1. The Company’s Chief Operating Decision Maker (“CODM”) is its president. The CODM assesses the reportable segment’s performance and determines the level of investment in the segment based on historical and projected operating results and net assets which are the same amounts in all material respects as those reported on the Statements of Operations and Balance Sheets.

Note 8. Subsequent EventOn April 20, 2026, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”) with steute Industrial Controls, Inc., a Connecticut corporation (“Parent”) and Steute Burwell, Inc., a Minnesota corporation and a wholly owned subsidiary of Parent (“Merger Sub”). The Merger will become effective as such time as the Certificate of Merger has been filed and accepted by the Secretary of State of the State of Minnesota or at such other time as agreed upon by the Company and Parent in writing (the “Effective Time”). <div style="-aw-sdt-tag:'31f-258-519-128-90dc'"></div><div style="-aw-sdt-tag:'31f-258-519-128-90dc'"></div>The Merger is structured as a statutory reverse triangular merger under Connecticut and Minnesota law, and pursuant to the Merger Agreement, the Merger Sub will merge with and into the Company, with the Company surviving the merger and becoming a wholly owned subsidiary of Parent. At the Effective Time, by virtue of the Merger and without any further action on the part of the Company, Merger Sub, Parent, or any holder of shares of common stock of the Company or Merger Sub, each share of common stock of the Company that is issued and outstanding immediately prior to the Effective Time (other than dissenting shares and the shares held by the Company, Parent, or Merger Sub) will be converted into the right to receive $7.75 in cash, subject to any required tax withholding. It is anticipated that, immediately after the Merger, the Company will be a wholly owned subsidiary of Parent and will be a privately held company. At such time, it is anticipated that the Company would file a Form 25 with the SEC to delist and deregister our common stock and a Form 15 with the SEC to suspend our public reporting obligations.At the Effective Time, outstanding stock options to purchase shares of common stock of the Company will be accelerated and fully vested and will, automatically and without any required action on the part of the holder thereof, be cancelled and will become entitled to receive an amount of cash equal to $7.75 per share less the applicable exercise price, subject to any required tax withholding.At the Effective Time, outstanding restricted stock units (“RSU”) will be accelerated and fully vested and will, automatically and without any required action on the part of the holder, thereof, be cancelled and converted into the right to receive an amount in cash equal to the product of the total number of shares of Company common stock underlying the RSU multiplied by $7.75, subject to any required tax withholding.Our board of directors (the “Board”) has approved and declared the Merger Agreement advisable and resolved to recommend that our shareholders approve the Merger Agreement and related matters at a special meeting of shareholders (“Special Meeting”). We expect the Merger to be consummated after obtaining the required approval by our stockholders and the satisfaction of certain other customary closing conditions. The Company currently expects the Merger to close in the second quarter of 2026. The consummation of the Merger is subject to the satisfaction or waiver of customary closing conditions, including, among other matters the approval by the Company’s shareholders of the Merger at a Special Meeting.In connection with the execution of the Merger Agreement, the Company's directors, officers, and certain major shareholders, who collectively own a majority of the Company's outstanding shares of common stock, have entered into voting and support agreements (“Support Agreements”) agreeing to vote all of their shares of the Company’s common stock in favor of the various proposals related to the Merger Agreement and any other matters necessary for consummation of the Merger and against any action reasonably expected to impede, delay or materially and adversely affect the Merger at the Special Meeting. No written consents have been granted nor have any votes been cast yet with respect to the approval of the Merger by the shareholders of the Company. The Support Agreements may be terminated in connection with a termination of the Merger Agreement.<div style="-aw-sdt-tag:'9fd-96f-61b-4b1-e090'"></div><div style="-aw-sdt-tag:'9fd-96f-61b-4b1-e090'"></div>The Merger Agreement contains customary termination rights in favor of each of the Company and Parent. If the Company terminates the Merger Agreement, the Company will be required to pay Parent a termination fee of $1,000, plus reimbursement of Parent’s expenses up to $300 under certain circumstances, including if the Merger Agreement is terminated due to a Recommendation Change by the Company’s Board of Directors or if the Company enters into or consummates an alternative acquisition transaction following termination under certain circumstances. If Parent terminates the Merger Agreement, Parent will be required to pay the Company a termination fee of $1,000.As a condition to the completion of the Merger, the Company is required to maintain at least $10,250 of unrestricted cash and cash equivalents at closing and for a period of 10 days prior to closing, subject to reduction for certain approved transaction expenses. If the Company’s unrestricted cash and cash equivalents are below this required amount during the period, the Company could be in breach of certain representations, warranties, or covenants under the Merger Agreement, which could permit Parent to assert remedies under the Merger Agreement, including, under certain circumstances, termination rights. Any unrestricted cash and cash equivalents in excess of the required amount at closing will remain with the surviving company following completion of the Merger.A full description of the terms of the Merger Agreement and all matters related thereto will be included in a Proxy Statement f (the “Merger Proxy Statement”) to be filed with the SEC. The Company urges investors, shareholders, and other interested persons to read, when available, the Merger Proxy Statement as well as other documents filed with the SEC by the Company because these documents will contain important information about the Company and Parent , and the proposed transaction. The definitive Merger Proxy Statement will be mailed to the Company’s shareholders as of a record date to be established for voting on the proposed transaction. Shareholders will also be able to obtain a copy of the definitive Merger Proxy Statement (when available), without charge, by directing a request to: Electro-Sensors, Inc., 6111 Blue Circle Drive, Minnetonka MN 55343. The preliminary and definitive Merger Proxy Statement, once available, can also be obtained, without charge, at the SEC’s website (www.sec.gov).

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