Purchase Obligations. The Company has various types of purchase obligations for which no liability has been

recorded in the consolidated balance sheets, as it expects to fulfill these commitments in the normal course of


	Payments Due by Period
	Less than 1 Year	1-3 Years	3-5 Years	Total
Purchase obligations for product (1)	$980,776	$—	$—	$980,776
Purchase obligations for commodities (2)	84,702	26,278	—	110,980
Other purchase obligations (3)	118,326	159,836	4,347	282,509
Total	$1,183,804	$186,114	$4,347	$1,374,265

(1) Purchase obligations for product consist primarily of open purchase orders issued to independent manufacturers in the ordinary

course of business and reflect the Company’s estimate of future payment commitments based on information currently

available. These obligations may be cancelled in limited situations and such cancellations are infrequent.

(2) Purchase obligations for commodities represent remaining commitments under existing supply agreements, which are subject

to minimum volume commitments (collectively, commodity contracts). The Company currently enters into fixed purchasing

contracts with designated suppliers of sheepskin and sugarcane-derived (EVA). The Company expects purchases under

commodity contracts in the ordinary course of business will eventually exceed the minimum commitment levels. The reported

amount generally reflects remaining minimum commitments expected to be consumed in future periods in the ordinary course

of business, and any remaining deposits expected to become fully refundable or to be reflected as a credit against future

purchases which are recorded in other assets in the consolidated balance sheets. As of March 31, 2026, and 2025, the

Company had no outstanding deposits on supply agreements, and no refunds were received during the year ended March 31,

2026, as a result of such agreements. During the year ended March 31, 2025, the Company received a $16,243 refund for

outstanding deposits on supply agreements related to year ended March 31, 2024. Subsequent to March 31, 2026, through

May 1, 2026, the Company entered into additional commodity contracts for an aggregate minimum volume commitment of

(3) Other purchase obligations consist of non-cancellable fixed and estimated variable minimum commitments for information

technology (IT) services, 3PL service fees and other supply chain services, promotional expenses, and other commitments

Litigation. From time to time, the Company is involved in various legal proceedings, disputes, and other claims

arising in the ordinary course of business, including employment, intellectual property, product liability, and breach of

contract claims. Although the results of these matters cannot be predicted with certainty, the Company believes it is

not currently a party to any legal proceedings, disputes, or other claims for which a material loss is considered

probable and for which the amount (or range) of loss is reasonably estimable. However, regardless of the merit of

the claims raised or the outcome, these matters can have an adverse impact on the Company as a result of legal

costs, diversion of management’s time and resources, and other factors.

Indemnification. The Company has agreed to indemnify certain of its licensees, distributors, and promotional

partners in connection with claims related to the use of the Company’s intellectual property. The terms of such

agreements generally do not provide for a limitation on the maximum potential future payments. These agreements

may or may not be made pursuant to a written contract. In addition, from time to time, the Company also agrees to

standard indemnification provisions in commercial agreements in the ordinary course of business. Management

believes the likelihood of any payments under any of these arrangements is remote and would be immaterial. This

determination is made based on a prior history of insignificant claims and related payments.