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

LONG-TERM DEBT, NET (Tables)

LONG-TERM DEBT, NET (Tables)

12 Months Ended

Dec. 31, 2025


	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%.

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details