ADDED
Based on our sales, the Company believes it can estimate its position within that market.
In particular, the Company has one significant distribution customer, whose various branches had sales in the range of 13% to 15% of total sales during the years of 2025 to 2024 and were 22% and 23% of the Company s accounts receivable balance as of December 31, 2025 and 2024, respectively.
Our sales outside of North America were about 3% of our total sales during the last two years, with most of the sales occurring in the U.K.
manufacturers and importers include Titeflex Corporation, ASC Engineered Solutions, Pro-Flex, Microflex Inc., Hose Master, Pennflex, and several smaller privately held companies.
Fortunately, the Company was able to maintain reasonably stable margins during 2025 even though the cost of copper, along with the impact of tariffs upon stainless steel, increased towards the end of the year.
Human Capital As of December 31, 2025, the Company and its subsidiaries had approximately 172 full-time employees and no part-time employees.
Most of our sales are derived from the sale of TracPipe and CounterStrike flexible gas piping systems, including Autoflare fittings and a variety of accessories.
During 2025 and 2024, we derived 3% of our revenue from sales to customers located outside the U.S.
We attempt to limit the effects of volatile raw material prices, and to ensure adequate and timely supply of material, by committing to annual purchase contracts, when market conditions allow, for the bulk of our steel and polyethylene requirements, and for our fitting requirements.
The Claims generally relate to alleged lightning or other electrical damage to our flexible gas piping products and may result in legal and product liability related expenses.
REMOVED
In addition, the Company is a member of an industry trade group comprised of the largest manufacturers of CSST in the U.S., which compiles and distributes sales volume statistics for its members relative to flexible gas piping.
Based on our sales and the statistics described above, the Company believes it can estimate its position within that market.
In particular, the Company has one significant distribution customer, whose various branches had sales in the range of 14% to 15% of total sales during the periods of 2023 to 2024 and were 23% and 19% of the Company s accounts receivable balance as of December 31, 2024 and 2023, respectively.
Our sales outside of North America were in the range of 3% to 4% of our total sales during the last two years, with most of the sales occurring in the U.K.
We do not have a material portion of our long-lived assets located outside of the U.S.
manufacturers and importers include Titeflex Corporation, Ward Manufacturing, Pro-Flex, Microflex Inc., Hose Master, Pennflex, and several smaller privately held companies.
In addition, the Company is a member of an industry trade group which compiles and distributes sales statistics for its members relative to flexible gas piping.
Fortunately, the Company was able to maintain reasonably stable margins during 2024 as the cost of these prime materials, mainly nickel, decreased.
- 10 - Human Capital As of December 31, 2024, the Company and its subsidiaries had approximately 175 full-time employees and no part-time employees.
Most of our sales are derived from the sale of TracPipe and CounterStrike CSST systems, including Autoflare fittings and a variety of accessories.