Note 8 - Leases

6 Months Ended

Jun. 30, 2025

Notes to Financial Statements

Lessee, Operating Leases [Text Block]

NOTE 8 – LEASES

The Company’s corporate offices and other offices are located in Pittsburgh, Pennsylvania. The leases are effective through February 29, 2028.

Lease expense under operating lease arrangements, recorded within general and administrative expenses of continuing operations, was $196,169 for each of the three months ended June 30, 2025 and 2024, and $385,442 and $392,337 for the six months ended June 30, 2025 and 2024, respectively.

The following table summarizes other information related to the Company’s operating leases:

	June 30, 2025			June 30, 2024
Weighted average remaining lease term – operating leases in years		2.67			3.67
Weighted average discount rate – operating leases		13	%		13	%

The Company’s operating lease obligations as of June 30, 2025, which include expected lease extensions that are reasonably certain of renewal, were as follows:

Remainder of 2025	$	391,851
2026		803,724
2027		827,909
2028		139,022
Total lease payments		2,162,506
Less: interest		(316,314	)
Present value of lease liabilities	$	1,846,192