In January 2021, the Company entered into a five year lease with a customer for hardware which had an implied interest rate of 6%.

At inception, the Company recorded $210,782 in "Net investment in sales type leases" and derecognized $139,521 from “Inventory" on its condensed balance sheet. As a result of this transaction the Company recognized $34,719.98 and $25,562 in profit from sales type leases in its condensed statements of operations for the nine months ended September 30, 2025 and 2024, respectively, and for the nine months ended September 30, 2025 and 2024, the Company recognized $1,955 and $2,963, respectively, of interest income in the Company's condensed statements of operations.

In December 2022, the Company entered into a five year lease with a customer for hardware which had an implied interest rate of 6%.

At inception, the Company recorded $98,279 in "Net investment in sales type leases" and derecognized $46,533 from “Inventory" on its balance sheet. As a result of this transaction the Company recognized $14,789 and $12,175 in profit from sales type leases in its condensed statements of operations for the nine months ended September 30, 2025 and 2024, respectively, and for the nine months ended September 30, 2025 and 2024, the Company recognized $2,521and $3,025, respectively, of interest income in the Company's condensed statements of operations.

In March 2025, the Company entered into a four year lease with a customer for hardware which had an implied interest rate of 6%.

At inception, the Company recorded $53,680 in "Net investment in sales type leases" and derecognized $31,740 from “Inventory" on its balance sheet. As a result of this transaction the Company recognized $25,327 in profit from sales type leases in its condensed statements of operations for the nine months ended September 30, 2025 , and for the nine months ended September 30, 2025 , the Company recognized $889 of interest income in the Company's condensed statements of operations.

The future minimum lease payments receivable for sales type leases are as follows:

The current portion of $59,765 and $75,858 are included in Current Assets on the condensed balance sheets as of September 30, 2025 and December 31, 2024, respectively, and the long term portion of $62,431 and $46,924 are included in Long-Term Assets on the condensed balance sheets as of September 30, 2025 and December 31, 2024, respectively. The leases contain a purchase option at the conclusion of the lease, which the Company has determined does not meet the probability criterion. The Company has not recorded an unguaranteed residual asset.