Note 11 - Debt Financing

12 Months Ended

Dec. 31, 2024

Notes to Financial Statements

Debt Disclosure [Text Block]

11.     DEBT FINANCING

The Company's Investment Collateral Security agreement with BMO Harris is used for the sole purpose of issuing standby letters of credit and requires us to pledge our investments as collateral for 150% of the aggregate face amount of outstanding standby letters of credit. The Company pays 250 basis points on the face values of outstanding letters of credit. There are no financial covenants set forth in the Investment Collateral Security agreement. At December 31, 2024, the Company had outstanding standby letters of credit totaling approximately $1,860 under the Investment Collateral Security agreement. At December 31, 2024, the investments held as collateral totaled $2,790. Fuel Tech is committed to reimbursing the issuing bank for any payments made by the bank under these instruments.