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LEASES
 9 Months Ended
Sep. 30, 2025
LEASES [Abstract]  
LEASES
NOTE 10 – LEASES

During the nine months ended September 30, 2025, the Company did not enter into additional leases with terms longer than 1 year.  We elected not to recognize ROU assets and lease liabilities arising from short-term leases with initial terms of twelve months or less (deemed immaterial) on the condensed consolidated balance sheets.

When measuring lease liabilities for leases that were classified as operating leases, we discounted lease payments using our estimated incremental borrowing rate.  The weighted average incremental borrowing rate applied was 7.86%.  As of September 30, 2025, our leases had a remaining weighted average term of 2.94 years.

Operating leases are included in the consolidated balance sheets as follows:


   Classification  
September 30, 2025
    
December 31, 2024
  
Lease assets
                
Operating lease cost ROU assets, net
  
Assets
  
$
2,739.0
    
$
3,416.1
  
Total lease assets
      
$
2,739.0
    
$
3,416.1
  
                     
Lease liabilities
                    
Operating lease liabilities, current
  
Current liabilities
  
$
858.5
    
$
1,080.8
  
Operating lease liabilities, non-current
  
Liabilities
    
1,933.0
      
2,559.7
  
Total lease liabilities
      
$
2,791.5
    
$
3,640.5
  

The components of lease costs, which are included in loss from operations in our consolidated statements of operations were as follows:

   
Three months ended
  
             
   
September
30, 2025
    
September
30, 2024
  
Lease costs
            
Operating lease costs
  
$
287.6
    
$
137.4
  
Variable lease costs
    
39.7
      
66.8
  
Short-term lease costs
    
8.5
      
9.3
  
Total lease costs
  
$
335.8
    
$
213.5
  

   
Nine months ended
  
             
   
September
30, 2025
    
September
30, 2024
  
Lease costs
            
Operating lease costs
  
$
865.0
    
$
249.0
  
Variable lease costs
    
107.4
      
122.8
  
Short-term lease costs
    
25.6
      
35.1
  
Total lease costs
  
$
998.0
    
$
406.9
  
Future minimum payments under non-cancellable leases for operating leases for the remaining terms of the leases following the year ended September 30, 2025, are as follows:
       
2025 (remainder of)
  
$
285.7
  
2026
    
1,009.6
  
2027
    
1,005.1
  
2028
    
770.9
  
2029
    
87.9
  
Total future minimum lease payments
    
3,159.2
  
Amount representing interest
    
(367.7
)
Present value of net future minimum lease payments
  
$
2,791.5