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RELATED PARTY TRANSACTIONS
 9 Months Ended
Sep. 30, 2025
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS
10.
RELATED PARTY TRANSACTIONS

Purchases from Carrier and its affiliates comprised 61% of all inventory purchases made during both the quarters ended September 30, 2025 and 2024. Purchases from Carrier and its affiliates comprised 61% and 62% of all inventory purchases made during the nine months ended September 30, 2025 and 2024, respectively. At September 30, 2025 and December 31, 2024, approximately $108,000 and $204,000, respectively, was payable to Carrier and its affiliates, net of receivables. We also sell HVAC products to Carrier and its affiliates. Revenues in our condensed consolidated unaudited statements of income for the quarters and nine months ended September 30, 2025 and 2024 included approximately $42,000, $24,000, $67,000, and $64,000, respectively, of sales to Carrier and its affiliates. We believe these transactions are conducted on terms equivalent to an arm’s-length basis in the ordinary course of business.

A member of our Board of Directors is a Senior Chairman of Greenberg Traurig, P.A., which serves as our principal outside counsel for compliance and acquisition-related legal services. During the quarters and nine months ended September 30, 2025 and 2024, fees for services performed were $12, $28, $121, and $229, respectively, and $23 and $32 was payable at September 30, 2025 and December 31, 2024, respectively.