Climb Global Solutions Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Related Party Transactions

Related Party Transactions	9 Months Ended
Sep. 30, 2022
Related Party Transactions
Related Party Transactions	17. Related Party Transactions: The Company made sales to a customer where a family member of one of our executives has a minority ownership position. During the three months ended September 30, 2022 and 2021, net sales to this customer totaled approximately $0.7 million and zero, respectively. During the nine months ended September 30, 2022 and 2021, net sales to this customer totaled approximately $1.7 million and zero, respectively. Amounts due from this customer as of September 30, 2022 and December 31, 2021 were approximately $0.2 million, respectively, which were or are expected to be settled in cash subsequent to each period end. The Company also had accrued referral fees that it owed to this customer totaling $0.1 million as of December 31, 2021, which were settled in cash subsequent to the period end.

Related Party Transactions

9 Months Ended

Sep. 30, 2022

17. Related Party Transactions:

The Company made sales to a customer where a family member of one of our executives has a minority ownership position. During the three months ended September 30, 2022 and 2021, net sales to this customer totaled approximately $0.7 million and zero, respectively. During the nine months ended September 30, 2022 and 2021, net sales to this customer totaled approximately $1.7 million and zero, respectively. Amounts due from this customer as of September 30, 2022 and December 31, 2021 were approximately $0.2 million, respectively, which were or are expected to be settled in cash subsequent to each period end. The Company also had accrued referral fees that it owed to this customer totaling $0.1 million as of December 31, 2021, which were settled in cash subsequent to the period end.