Chaparral was founded in 1965 in Ft. National fixed retail price includes a trailer. Marketed to experienced fishermen and families desiring extra seating. The final plug is used to create the necessary number of production molds. Marine Products uses other raw materials in its manufacturing processes. No single dealer accounted for 10 percent or more of net sales during 2020, 2019 or 2018. Marine Products believes that this allocation of production will continue during 2021. Another hull design is the Hydro LiftTM used on the Robalo boat models. This variable dead rise hull design provides a smooth ride in rough water conditions. The largest manufacturer of jet boats in the 20 to 24 foot range was Yamaha. Marine Products has no long-term agreements with these dealers. Risks Related to our Labor Force. As with many businesses, we are challenged at times to find qualified employees. Marine Products' Stock Price has been Volatile. These offices are currently shared with RPC and are leased. Under this arrangement, Marine Products pays approximately $3,700 per month in rent. Unit sales in 2020 decreased by 23.5 percent compared to 2019. Settlement of the incentives generally occurs from three to twelve months after the sale. There are inherent limitations to the effectiveness of any controls system. Holders of common stock do not have cumulative voting rights. Actual results could differ from those estimates. The cost of securities sold is based on the specific identification method. The carrying amount of goodwill was $3,308,000 as of December 31, 2020 and 2019. See Note 11 for further information regarding these securities. The expected credit losses are adjusted each period for changes in expected lifetime. Other - Our contracts with dealers do not provide them with a right of return. As of December 31, 2020, no liability related to this repurchase remains outstanding. Both of these documents are available on the Company's website at MarineProductsCorp.com. This information is incorporated herein by reference.Item 14. I have reviewed this annual report on Form 10-K of Marine Products Corporation;2. 1110 4444 %%%% \')^(_^1LT#_KK_C11XC_Y&S0/ M^NO^-% &IX5_Y%?3O^N0_G6Q6/X5_P"17T[_ *Y#^=;% ! 1110 4444 %%%% M!1110 4444 %%%% ! 1110 44A90,E@/QK)O?%.A:;G[9 MJEM!CKO?&* 1110 4444 %%%% \')^(_P#D;- _ZZ_XT4(_P#D;- _ MZZ_XT4 :GA7_ )%? 0.O&#^M=?XCT_P 374\\E MW;^(1IG0P;AY*JSLV/XMP(Q]*P?C,/W7AS_ +"*?
