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 $12,044 and $11,401 in profit from sales type leases in its condensed statements of operations for the three months ended March 31, 2026 and 2025, respectively, and for the three months ended March 31, 2026 and 2025, the Company recognized $181 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 $5,082 and $4,787 in profit from sales type leases in its condensed statements of operations for the three months ended March 31, 2026 and 2025, respectively, and for the three months ended March 31, 2026 and 2025, the Company recognized $618 and $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 $1,012 and $0 in profit from sales type leases in its condensed statements of operations for the three months ended March 31, 2026 and 2025, respectively, and for the three months ended March 31, 2026 and 2025, the Company recognized $219 and $0 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 $45,386 and $54,806 are included in Current Assets on the condensed balance sheets as of March 31, 2026 and December 31, 2025, respectively, and the long term portion of $45,125 and $53,842 are included in Long-Term Assets on the condensed balance sheets as of March 31, 2026 and December 31, 2025, 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.