Company: BWMN
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001628280-25-012365
Chunk: 163

Company: Bowman Consulting Group Ltd.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 7
Chunk 163
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 We utilize a third party valuation specialist to formulate the incremental borrowing rates for the Company, to calculate the present value on new leases. 

We regularly evaluate our options with respect to capital and our requirements for operations and growth. We do not limit our consideration to traditional bank financing, but rather include other structured debt and equity as option for additional capital.

For more information about our credit facilities, see Note 11 – Revolving Credit Facility and Fixed Credit Facility.

Other Acquisitions

For information on the terms of additional promissory notes issued by the Company in connection with acquisitions during 2024 and 2023 that were not deemed significant acquisitions, see Note 4 – Acquisitions and Note 12 – Notes Payable.

Off-Balance Sheet Arrangements 

We have no material off-balance sheet arrangements, no special purpose entities, and no activities that include non-exchange-traded contracts accounted for at fair value. 

Effects of Inflation

Based on our analysis of the periods presented, we believe that inflation has not had a material effect on our operating results. There can be no assurance that future inflation will not have an adverse impact on our operating results and financial condition.