Company: APT
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001437749-25-025400
Chunk: 45

Company: ALPHA PRO TECH LTD
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 2
Chunk 45
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 a decrease in prepaid insurance.

Right-of-use-assets as of June 30, 2025, decreased by $462,000 to $8,252,000 from $8,714,000 as of December 31, 2024, as a result of amortization of the right-of- use-assets.

Lease liabilities as of June 30, 2025, decreased by $435,000 to $8,340,000 from $8,775,000 as of December 31, 2024. The decrease in lease liabilities was the result of lease payments made during the period.

Accounts payable and accrued liabilities as of June 30, 2025, decreased by $156,000, or 7.0%, to $2,074,000, from $2,230,000 as of December 31, 2024. The decrease was primarily due to decreases in accrued bonuses, partially offset by increased trade payables.

Net cash used in investing activities was $273,000 for the six months ended June 30, 2025, compared to net cash used in investing activities of $216,000 for the same period of 2024. Investing activities for the six months ended June 30, 2025 and 2024 consisted primarily of the purchase of property and equipment.

Net cash used in financing activities was $2,028,000 for the six months ended June 30, 2025, compared to net cash used in financing activities of $1,913,000 for the same period of 2024. Net cash used in financing activities for the six months ended June 30, 2025 resulted from the payment of $2,008,000 for the repurchase of common stock and $20,000 for treasury stock excise tax. Net cash used in financing activities for the six months ended June 30, 2024 resulted from the payment of $2,701,000 for the repurchase of common stock and $27,000 for treasury stock excise tax, partially offset by $815,000 in proceeds from the exercise of stock options.

As of June 30, 2025, we had $2,735,000 available for stock purchases under our stock repurchase program. During the six months ended June 30, 2025, we repurchased 402,513 shares of common stock at a cost of $2,008,000. As of June 30, 2025, we had repurchased a total of