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Note 8 - Related Party Transactions
 3 Months Ended
Mar. 31, 2025
Notes to Financial Statements  
Related Party Transactions Disclosure [Text Block]

Note 8. Related Party Transactions

 

Louis Hoch

 

During the three months ended March 31, 2025 and  March 31, 2024, the Company purchased a total of $2,003 and $0, respectively, of corporate imprinted sportswear, promotional items, and caps from Angry Pug Sportswear. Louis Hoch, the Company’s Chairman of the Board, President, Chief Executive Officer and Chief Operating Officer, is a 50% owner of Angry Pug Sportswear LLC.

 

Directors and Officers

 

On March 14, 2025, we withheld 500 shares of our common stock for $735 in a private transaction based on the $1.47 per share closing price on March 14, 2025 from Michelle Miller, a member of the company’s Board of Directors to cover her share of taxes in connection with equity grants.

 

On February 21, 2025, we withheld 1,186 shares of our common stock for $2,028 in a private transaction based on the $1.71 per share closing price on February 21, 2025 from Houston Frost, the Company's Senior Vice President, Chief Product Officer, to cover his share of taxes in connection with equity grants.

 

On February 21, 2025, we withheld 1,186 shares of our common stock for $2,028 in a private transaction based on the $1.71 per share closing price on February 21, 2025 from Greg Carter, the Company's Senior Vice President, Chief Revenue Officer, to cover his share of taxes in connection with equity grants.

 

On February 21, 2025, we withheld 4,911 shares of our common stock for $8,399 in a private transaction based on the $1.71 per share closing price on February 21, 2025 from Louis Hoch, the Company's Chairman, President, Chief Executive Officer and Chief Operating Officer, to cover his share of taxes in connection with equity grants.

 

On January 31 2025, we withheld 54,460 shares of our common stock for $102,385 in a private transaction based on the $1.88 per share closing price on January 31, 2025 from Houston Frost, the Company's Senior Vice President, Chief Product Officer, to cover his share of taxes in connection with equity grants.

 

On January 8, 2025, we withheld 355 shares of our common stock for $850 in a private transaction based on the $2.39 per share closing price on January 8, 2025 from Michael White, the Company's Senior Vice President, Chief Accounting Officer, to cover his share of taxes in connection with equity grants.

 

On  December 29, 2024, we withheld 208,615 shares of our common stock for $302,492 in a private transaction based on the $1.45 per share closing price on  December 29, 2024 from Louis Hoch, the Company's Chairman, President, Chief Executive Officer and Chief Operating Officer, to cover his share of taxes in connection with equity grants.

 

On  November 18, 2024, we withheld 3,935 shares of our common stock for $5,784 in a private transaction based on the $1.47 per share closing price on  November 18, 2024 from Louis Hoch, the Company's Chairman, President, Chief Executive Officer and Chief Operating Officer, to cover his share of taxes in connection with equity grants.

 

On  June 21, 2024, the Company granted 966,000 shares of restricted common stock with a 10-year vesting period and 277,200 restricted stock units ("RSUs") with a 3-year vesting period to officers and employees as a performance bonus at an issue price of $1.55 per share. RSUs vest in equal tranches over their 3-year vesting period, while 10-year grants are cliff vesting, and vest in full at the conclusion of their 10-year vesting period. Upon vesting, officers and employees will receive issued shares. Executive officers included in the 10-year restricted stock grant were Louis Hoch (160,000 shares), Michael White (120,000 shares), Greg Carter (80,000 shares), and Houston Frost (40,000 shares). Executive officers included in the RSU grant were Louis Hoch (21,000 RSUs), Michael White (18,000 RSUs), Greg Carter (18,000 RSUs), and Houston Frost (12,000 RSUs).

 

On June 21, 2024, the Company granted 84,000 RSUs with a 3-year vesting period to Non-employee Directors as a performance bonus at an issue price of $1.55 per share. Directors included in the RSU grant were Blaise Bender (21,000 RSUs), Brad Rollins (21,000 RSUs), Ernesto Beyer (21,000 RSUs) and Michelle Miller (21,000 RSUs).

 

On  February 24, 2024, we withheld 2,075 shares of our common stock for $3,258 in a private transaction based on the $1.57 per share closing price on  February 24, 2024 from Tom Jewell, the Company's former Chief Financial Officer, to cover his share of taxes in connection with equity grants.

 

On  February 24, 2024, we withheld 4,911 shares of our common stock for $7,710 in a private transaction based on the $1.57 per share closing price on  February 24, 2024 from Louis Hoch, the Company's Chairman, President, Chief Executive Officer and Chief Operating Officer, to cover his share of taxes in connection with equity grants.