LEASES

3 Months Ended

Mar. 31, 2025

LEASES

LEASES

NOTE 11 — LEASES

The following table depicts the Company’s future minimum lease payments as of March 31, 2025:

	Operating
	Leases
Consumer
2025	$	690,735
2026		1,076,141
2027		777,803
2028		542,641
2029		423,234
Thereafter		148,191
Total minimum lease payments		3,658,745
Less: imputed interest		(305,067)
Sub-total		3,353,678
Commercial
2025		963,456
2026		474,320
2027		33,453
2028		—
2029		—
Thereafter		—
Total minimum lease payments		1,471,229
Less: imputed interest		(35,930)
Sub-total		1,435,299
Total		4,788,977
Less: current portion		1,931,810
	$	2,857,167

All of the Company’s leased facilities as of March 31, 2025, are non-cancellable. The leases are a combination of triple net leases, for which the Company pays its proportionate share of common area maintenance, property taxes, and property insurance, and modified gross leases, for which the Company directly pays for common area maintenance and property insurance.

The following table depicts supplemental cash flow information related to operating leases:

	Three Months Ended March 31,
	2025		2024
Non-cash activities: right-of-use operating lease assets obtained in exchange for new operating lease liabilities	$	472,720	$	—

The following table depicts the Company’s leasing costs for the three months ended March 31, 2025 and 2024:

	Three Months Ended March 31,
	2025		2024
Operating lease cost	$	602,493	$	473,534
Variable lease cost		205,581		214,851
Short-term lease cost		70,262		96,350
	$	878,336	$	784,735

As of March 31, 2025, the weighted average remaining lease term and weighted average discount rate for operating leases were 3.2 years and 4.0%. As of March 31, 2024, the weighted average remaining lease term and weighted average discount rate for operating leases were 2.3 years and 4.3%.