EDGAR 10-K Filing

Company CIK: 50863
Filing Year: 2025
Filename: 50863_10-K_2025_0000050863-25-000009.json

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ITEM 1. BUSINESS
Item 1. Business:
General development of business Pages 3-4, 13
Description of business Pages 3-20, 45-47, 51, 68-72
Available information Page 2

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ITEM 1A. RISK FACTORS
Item 1A. Risk Factors Pages 31-46

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ITEM 1B. UNRESOLVED STAFF COMMENTS
Item 1B. Unresolved Staff Comments None

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ITEM 2. PROPERTIES
Item 2. Properties Pages 8, 49

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ITEM 3. LEGAL PROCEEDINGS
Item 3. Legal Proceedings Pages 96-99

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ITEM 4. MINE SAFETY DISCLOSURE
Item 4. Mine Safety Disclosures None
Part II

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ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY
Item 5.
Market for Registrant's Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities Pages 6, 49-50

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ITEM 6. SELECTED FINANCIAL DATA
Item 6. [Reserved]

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ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations:
Liquidity and capital resources Pages 28-30, 30
Results of operations Pages 13-27
Critical accounting estimates Pages 30, 62-68

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ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
Item 7A. Quantitative and Qualitative Disclosures About Market Risk Pages 47-48

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ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
Item 8. Financial Statements and Supplementary Data Pages 53-101

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ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure None

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ITEM 9A. CONTROLS AND PROCEDURES
Item 9A. Controls and Procedures Page 102

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ITEM 9B. OTHER INFORMATION
Item 9B. Other Information
Disclosure pursuant to Section 13(r) of the Securities Exchange Act of 1934

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ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE
Item 10. Directors, Executive Officers, and Corporate Governance Page 51 (a)

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ITEM 11. EXECUTIVE COMPENSATION
Item 11. Executive Compensation (a)

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ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters (a)

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ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
Item 13. Certain Relationships and Related Transactions, and Director Independence (a)

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ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES
Item 14. Principal Accountant Fees and Services (a)
Part IV

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ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES
Item 15. Exhibits and Financial Statement Schedules Pages 53-101, 103-107