XML 37 R26.htm IDEA: XBRL DOCUMENT v3.24.3
Note 20 - Contingencies
 9 Months Ended
Sep. 30, 2024
Notes to Financial Statements  
Commitments and Contingencies Disclosure [Text Block]

20. Contingencies:

 

From time to time, the Company has legal claims and lawsuits in connection with its ordinary business operations.. The Company vigorously defends such claims. While the final outcome with respect to any actions or claims outstanding or pending as of June 30, 2023 cannot be predicted with certainty, management does not believe that the resolution of these claims, individually or in the aggregate, will have a material adverse effect on the Company's financial position.

 

As of September 30, 2024, we have an ongoing billing dispute with SiFi Networks Fullerton, LLC, our lease partner in Fullerton, California, regarding the rates and methodology under which it can invoice our Ting Fiber division for our operations in Fullerton, California. The parties are in discussion over resolution of their dispute. At this time we believe the probability that this dispute will have a material adverse effect on our business, operating results, or financial condition is remote. The Company has analyzed this matter in accordance with ASC 450-20 and, in accordance with the definition of probable loss described therein, it has concluded that no accrual is necessary at this time.