We are pushed a turbo button on our sales and marketing. We’re pulling every lever possible from sales incentives to broker competitions, to increased boat shows. I don’t know if you saw the Javis boat show. We were there, we looked incredible. Better than we’ve ever looked at any boat show ever. We had five boats there with all pop-ups, full staff, all dressed really nicely, and our sales and marketing department is killing it. And I think that’s why we’ve been able to maintain our top line revenue numbers. There’s a company called CCI Data that manages registrations for boats. And there are some boat companies that are down 70% in registrations. And if you go and look at Twin Vee, we’re down about 20%. So, we’re — I feel like we’re doing everything right.
Could the economy get worse? Yes. But we are eyes wide open. We understand what the market is. The smaller boats are challenged to some extent. The boat clubs are still big buyers. So, we see a trend there. That’s why we pivoted and start building these LFGs for the boat club. The larger boats are still selling briskly, so, we’re focusing on our 34s and our 40s right now to maintain those top line numbers. And we’re also looking for other opportunities in the marketplace that maybe a boat company didn’t have the benefit of an IPO and having some money in the bank and maybe they tripped up. So, we’re keeping our eyes open with those type of opportunities.
Unidentified Analyst: And you announced a million dollar repurchase program back in January. Did you — have you purchased any shares at this point?
Joseph Visconti: We did not. So, I mean, those are tough. Some investors like them, some don’t. On smaller companies with limited cash, I get the optics of it. But on the other hand, if the stock was going to get pushed way down below a dollar, I’d rather have that stock come back into treasury when we have almost $1.20 in cash on the books. So that was kind of the methodology behind that repurchase. But we have not purchased a single share of stock.
Unidentified Analyst: Okay. And just one more question regarding Forza. So, obviously, they’re a separate company in a sense now. And you — and they’ve got their own funding, but how does it work if they need additional funding? Could that — could they come to you as a majority owner and try to get some of that cash in the balance sheet? Or is that not an option?
Joseph Visconti: It is an option. So, we are still filing consolidated financial, because Twin Vee is almost a 70% owner of the company. And so, like we spoke yesterday, I’d like to kind of keep the questions on Twin Vee because we had the Forza call, but like we spoke a couple days ago, Forza’s runway is 18 months based on our current cap position at Forza.
Unidentified Analyst: Okay. Thank you.
Operator: There are no further questions at this time. At this point, I’d like to turn the call back over to Joseph Visconti for closing comments.