Outdoor Holding Co 2025年度报告

FORM 10-K ☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Outdoor Holding Company(Exact name of registrant as specified in its charter) Securities registered pursuant to Section 12(b) of the Act: Name of each exchange on which registeredThe NasdaqStock Market LLC common stock, $0.001 par value8.75% Series A Cumulative Redeemable Perpetual PreferredStock, $0.001 par value Securities registered pursuant to Section 12(g) of the Act:NoneIndicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes☐No☒ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes☐No☒ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growthcompany. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the ExchangeAct. Accelerated filer☐Smaller reporting company☒Emerging growth company☐If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial Large accelerated filer☐Non-accelerated filer☒ accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.☐ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect thecorrection of an error to previously issued financial statements.☐Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). ☐Yes☒NoThe aggregate market value of the common stock of the registrant held by non-affiliates as of the last business day of the registrant’s most recently completed second fiscal quarter (September 30, 2025) was $145,456,088.As of June 15, 2026, there were 116,163,494 shares outstanding of the registrant’s common stock. DOCUMENTS INCORPORATED BY REFERENCE None. TABLE OF CONTENTS ITEM 1:BUSINESS4ITEM 1A:RISK FACTORS10ITEM 1B:UNRESOLVED STAFF COMMENTS24ITEM 1C:CYBERSECURITY24ITEM 2:PROPERTIES25ITEM 3:LEGAL PROCEEDINGS25ITEM 4:MINE SAFETY DISCLOSURE26 ITEM 5:MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS ANDPURCHASES OF EQUITY SECURITIES27ITEM 6:RESERVED28ITEM 7:MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OFOPERATIONS29ITEM 7A:QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK39ITEM 8:FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA39ITEM 9:CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIALDISCLOSURE39ITEM 9A:CONTROLS AND PROCEDURES39ITEM 9B:OTHER INFORMATION42ITEM 9C:DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS42 ITEM 10:DIRECTORS, EXECUTIVE OFFICERS, AND CORPORATE GOVERNANCE43ITEM 11:EXECUTIVE COMPENSATION47ITEM 12:SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATEDSTOCKHOLDER MATTERS54ITEM 13:CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE56ITEM 14:PRINCIPAL ACCOUNTING FEES AND SERVICES59 ITEM 15:EXHIBITS AND FINANCIAL STATEMENT SCHEDULES61 SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS This document contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, asamended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act").Forward-looking statements are any statements that refer to our estimated or anticipated results, other non-historical facts or futureevents and include, but are not limited to, statements regarding our business strategy; anticipated future operating results andoperating expenses, cash flow, capital resources, dividends and liquidity; competition; trends, opportunities and risks affecting ourbusiness, industry and financial results; future expansion or growth