Company: APT
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007218
Chunk: 36

Company: ALPHA PRO TECH LTD
Filing Date: 2025-03-12
Form: 10-K
Item: Item 7A
Chunk 36
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 as of December 31, 2024:

                            Options Outstanding                                                 Options Exercisable                                       
  Range of                  Options                  Weighted              Aggregate            Options                  Weighted              Aggregate  
  $ 3.99        $ 4.23                               $                     $                                             $                     $          

The intrinsic value is the amount by which the market value of the underlying common stock exceeds the exercise price of the respective stock options. The aggregate intrinsic value of stock options exercised during the years ended December 31, 2024 and 2023, was $497,000and $109,000, respectively.

As of December 31, 2024, $88,000of total unrecognized compensation cost related to stock options was expected to be recognized over a weighted-average remaining period of1.59years. Cash received from231,666options exercised for the year ended December 31, 2024, was $832,000.

Dividends

The holders of the Company’s common stock are entitled to receive such dividends as may be declared by the Board of Directors of the Company from time to time to the extent that funds are legally available for payment thereof. The Company has never declared or paid any dividends on any of its outstanding shares of common stock. The Board of Directors’ current policy is not to pay dividends but rather to use available funds to repurchase common shares in accordance with the Company’s repurchase program and to fund the continued development and growth of the Company. Consequently, the Company currently has no plans to pay cash dividends in the foreseeable future.

  Accumulated Other Comprehensive Loss  
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Accumulated other comprehensive loss, a component of shareholders’ equity, consists of foreign currency translation adjustments related to foreign currency gains or losses on our unconsolidated affiliate as its functional currency is other than the U. S. dollar. The resulting foreign currency translation gains or losses are deferred as AOCL and reclassified to earnings only upon sale or liquidation of that business. The accumulated other comprehensive loss on equity in unconsolidated affiliate was $1,499,000and $1,437,000as of December 31, 2024 and 2023, respectively.

  10.      Income Taxes  
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The provision (benefit) for income taxes consisted of the following:

                                  For the Years Ended December 31,                                          
                                  2024                                                 2023                 
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