Note 7 - Leases

9 Months Ended

Sep. 30, 2025

Notes to Financial Statements

Lessee, Operating Leases and Finance Lease [Text Block]

Note 7. Leases

On July 2, 2024, the Company entered into an operating lease for our corporate office located at 700 Dorval Drive in Oakville Ontario. The lease commences September 1, 2024 with a expiration date of August 31, 2028. Future renewal options that are not likely to be executed as of the balance sheet date and are excluded from right-of-use assets and related lease liabilities.

We report operating lease assets, as well as operating lease current and non-current obligations, on our condensed consolidated balance sheets for the right to use the building in our business.

The components of lease expense were as follows:

	Three Months Ended September 30, 2025		Three Months Ended September 30, 2024
Operating lease cost	$	8,530	$	6,494

Supplemental balance sheet information related to leases was as follows:

	September 30, 2025		December 31, 2024
Operating leases:
Operating lease right-of-use assets	$	96,125	$	115,150
Current portion of operating lease obligations	$	31,522	$	32,566
Operating lease obligations, net of current portion	$	67,770	$	85,437
Total operating lease liabilities	$	99,292	$	118,003

	September 30, 2025			December 31, 2024
Weighted Average Remaining Lease Term
Operating lease (in years)		2.9			3.6
Weighted Average Discount Rate
Operating lease		6.37	%		6.37	%

A summary of future minimum payments under non-cancellable operating lease commitment as of September 30, 2025 is as follows:

Years ending December 31,	Total
2025 (remainder of year)	$	8,570
2026		34,429
2027		34,875
2028		23,250
Total lease liabilities	$	101,124
Less amount representing interest		(1,832	)
Total		99,292
Less current portion		(31,522	)
Long term portion	$	67,770