Note O – Subsequent Events

[1] On February 19, 2025, the Company’s Board of Directors declared a semi-annual cash dividend of $0.05 per share with a payment date of March 28, 2025 to all common shareholders of record as of March 14, 2025.

[2] On February 19, 2025, the Company’s Board of Directors approved the grant of 15,000 RSUs to each of the Company’s two non-management directors. The RSUs vest over a one year period in equal quarterly installments of 3,750 shares of common stock on each of March 15, 2025, June 15, 2025, September 15, 2025 and December 15, 2025.

[3] On February 21, 2025, the Company received a payment of $150,000 from a defendant in the Company’s Remote Power Patent litigation as certain conditions in the settlement agreement were satisfied on February 13, 2025 (see Note K [4] herein). The Company will record the $150,000 conditional settlement payment as revenue in the first quarter of 2025.