XML 30 R19.htm IDEA: XBRL DOCUMENT v3.25.1
Note 11 - COMMITMENTS
3 Months Ended
Mar. 31, 2025
COMMITMENTS  
COMMITMENTS

NOTE 11 - COMMITMENTS

The Company entered into a construction contract in 2023 for the construction of a new CRBT facility in Cedar Rapids, Iowa.  The Company will pay the contractor a contract price of approximately $17.0 million, subject to agreed upon additions and deductions. As of March 31, 2025, the Company had paid $17.5 million with respect to this construction. Construction on this facility is anticipated to be completed in the second quarter of 2025.  

The Company entered into a construction contract in 2024 for the construction of a new CSB facility in Ankeny, Iowa.  The Company will pay the contractor a contract price of approximately $41.3 million, subject to certain agreed upon additions and deductions. As of March 31, 2025, the Company had paid $13.1 million of the contract price, resulting in a remaining future commitment of approximately $28.2 million. Construction on this facility is anticipated to be completed in 2026.