Note 15 - Subsequent Events

6 Months Ended

Jun. 30, 2025

Notes to Financial Statements

Subsequent Events [Text Block]

(15) Subsequent Events

Second Amended and Restated Affiliate Revolving Credit Agreement. On August 4, 2025, but effective as of June 1, 2025, the Board approved an amendment to the Amended and Restated Affiliate Revolving Credit Agreement (referenced throughout this Quarterly Report as the Second Amended and Restated Affiliate Revolving Credit Agreement) by and between LEH, Blue Dolphin, and Blue Dolphin's wholly owned subsidiaries. The maximum borrowing limit under the Second Amended and Restated Affiliate Revolving Credit Agreement increased from $10.0 million to $15.0 million.  All other terms of the Second Amended and Restated Affiliate Revolving Credit Agreement are materially the same as the prior agreement.  The proceeds under the agreement are anticipated to be used for working capital and general corporate purposes.