XML 29 R18.htm IDEA: XBRL DOCUMENT v3.25.3
Note 12 - Subsequent Events
9 Months Ended
Sep. 30, 2025
Notes to Financial Statements  
Subsequent Events [Text Block]

12.

Subsequent Events


On October 9, 2025, the Company, through SPAR Marketing Force, Inc. ("SMF") and SPAR Canada Company ULC ("SCC", and collectively with SMF, the “NM Borrowers”) and North Mill Capital, LLC, d/b/a SLR Business Credit ("NM") executed their Eighth Modification Agreement, which extends the borrowing arrangement through October 10, 2027.  Under this agreement, the total credit facility size will be $36 million ($30 million for the US facility and $6 million for the Canadian facility).  Under this extended agreement, the Company's interest rate is the Prime Rate plus 1.25%.

 

In connection with the move of the Corporate Headquarters to Charlotte, NC, the Company entered into a seven year lease agreement with East West Station Retail, L.P. for permanent corporate office space.  The Company occupied this space on November 5, 2025 and the impacts of this lease will be recorded in the fourth quarter of 2025.