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Note 4 - Related Party Transactions
 12 Months Ended
Dec. 31, 2024
Notes to Financial Statements  
Related Party Transactions Disclosure [Text Block]

4. Related Party Transactions

 

The following related party transactions occurred during the three years ended December 31, 2024:

 

(a)     We purchase tires and obtain related services from a company in which one of our directors is the chairman of the board and chief executive officer. We paid that company $27,000 in 2024, $195,000 in 2023 and $477,000 in 2022 for tires and related services. In addition, we paid $2.2 million in 2024 and $2.0 million in each of 2023 and 2022 to tire manufacturers for tires that were provided by the same company. The same company received commissions from the tire manufacturers related to these purchases. We did not have any accounts payable to that company as of December 31, 2024 or 2023.

 

(b)     We paid $8,000 in each of 2024 and 2023 and $10,000 in 2022 for building repairs to a company in which one of our directors is the chief executive officer and the principal stockholder. We did not have any accounts payable to that company as of December 31, 2024 or 2023.