Steven Woldenberg

It's been a blur since Friday.

But one of the most gratifying parts of the ruling of our case was the reinforcement of rule of law in our country.

So it's actually a more difficult question to answer than you might think, but we've paid in excess of $10 million, and the payments were still coming due up until Friday.

Wow.

In 2024, we paid just over $2 million in tariffs.

Those were Section 301 tariffs that were imposed in the first Trump administration.

Those continued into 2025.

It was the incremental that was really disruptive.

When a manufacturer imports product and arrives in the US, the manufacturer, the importer of record is responsible for paying the tariff.

These tariff rates ranged all the way up to 145% at its peak, and that's quite disruptive.

No company can afford to pay 145% tariff and still sell a product at a price where a consumer would actually buy it.

And so as these tariff rates spiked, it became increasingly more difficult to plan.

and execute it on our business.

At its peak, we were looking down the barrel at having to do that.

So that was one of the challenges of tariffs all along, is in order to fund the tax bill, which tariffs are a tax, in order to fund the tax bill, we had to cut expenses elsewhere.

We had to cut marketing expenses, investments.

We had to look to slow hiring.

Wow.

All to fund the tariff tax bill that we had, because like so many businesses, we crave certainty.

And so when we didn't have certainty into what our tax bill was going to look like,