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Note 12 - Subsequent Events
6 Months Ended
Jun. 30, 2025
Notes to Financial Statements  
Subsequent Events [Text Block]

12. Subsequent Events

 

On July 4, 2025, the President signed into law the One Big Beautiful Bill Act ("OBBBA"). The OBBBA makes permanent key elements of the Tax Cuts and Jobs Act of 2017, including 100% bonus depreciation on qualified property acquired and placed in service after January 19, 2025. ASC 740, "Income Taxes," requires the effects of changes in tax rates and laws on deferred tax balances to be recognized in the period in which the legislation is enacted. The Company is assessing these impacts on its consolidated financial statements.

 

On July 10, 2025, the Company approved the grant of performance-based stock options for certain executives.  The options provide the executives with the option to purchase up to an aggregate of 162,566 shares of Common Stock of the Company's common stock on the grant date of $42.81 per share and will vest based on whether certain common share prices are achieved over a five-year period ending on July 10, 2030.  

 

On August 6, 2025, the Company issued 39,250 shares of common stock related to Restricted Stock Unit (RSU) grants issued in 2023.  The RSU grants included performance vesting criteria for certain Engineering employees, upon achieving $20 million revenues related to sales of the BKR9000 multi-band portable radio product.  The shares were issued at the August 6, 2025, closing price of $38.27, for a total non-cash stock compensation expense of approximately $1.5 million.