Annual report [Section 13 and 15(d), not S-K Item 405]

Cover
- Document And Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
Notes Tables
Notes Details

LONG-TERM DEBT, NET

LONG-TERM DEBT, NET

12 Months Ended

Dec. 31, 2025

NOTE 8. LONG-TERM DEBT, NET

As of December 31, 2025, the Company maintained no long-term debt. Long-term debt as of December 31, 2024, was as follows:


	December 31, 2024

Other debt (a)	$	1,888
		1,888
Less current portion		(1,888)
	$	-

(a)

On December 5, 2024, pursuant to the RockyMounts Purchase Agreement, Clarus and its wholly-owned subsidiary, Rhino-Rack USA LLC, issued a promissory note in favor of RockyMounts, Inc. in the principal amount of $2,000, which was fully paid on December 5, 2025. Imputed interest was included within the principal amount and the fair value of the note was $1,878 on the date of issuance. There were no remaining amounts outstanding as of December 31, 2025. As of December 31, 2024, the borrowing rate was 6.5%.