v3.25.4

Note 12 - Commitments and Contingencies | 12 Months Ended
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Dec. 31, 2025
Notes to Financial Statements |
Commitments and Contingencies Disclosure [Text Block] | NOTE 12: Commitments and Contingencies Litigation We are subject to various legal proceedings and claims that arise in the ordinary course of our business operations. Matters which arise out of allegations of bodily injury, property damage, and employment practices are generally covered by insurance. While the resolution of these matters cannot be predicted with certainty, we currently believe the final outcome of such matters will not have a material adverse effect on our financial position, results of operations or cash flows. Starting around November 2022, putative class action representatives began filing complaints in various United States District Courts across the country naming as defendants RealPage, Inc. ("RealPage"), a seller of revenue management products, and approximately 50 defendants who own and/or manage multifamily residential rental housing, alleging that the defendants conspired to fix, raise, maintain, and stabilize rent prices in violation of Section 1 of the Sherman Act. Some of the complaints, including one filed on November 14, 2022, in the U.S. District Court for the Northern District of Illinois, named us as one of the defendants, and others did not. Discovery is ongoing. It is not possible for the Company to estimate the amount of loss, if any, which may be associated with an adverse decision in this matter. We deny all allegations of wrongdoing and intend to defend against these claims vigorously. See “Part I. Item 3. Legal Proceedings.” Other Matters To the extent that a natural disaster or similar event occurs with more than a remote risk of having a material impact on the consolidated financial statements, we will disclose the estimated range of possible outcomes, and, if an outcome is probable, accrue an appropriate liability. Lease Obligations We lease office space in Philadelphia, PA , Chicago, IL and Tampa, FL. As of December 31, 2025, the weighted average term of our lease obligations was 4.1 years. The following table sets forth, as of December 31, 2025, the annual minimum rent due pursuant to these leases for each of the next five years and thereafter:
Year |  | Amount |
2026 |  | $ | 811 |
2027 |  |  | 827 |
2028 |  |  | 796 |
2029 |  |  | 649 |
2030 |  |  | 228 |
Thereafter |  |  | — |
Total |  | $ | 3,311 |

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