LEASES

6 Months Ended

Jun. 30, 2025

LEASES

LEASES

NOTE 11 — LEASES

The following table depicts the Company’s future minimum lease payments as of June 30, 2025:

	Operating
	Leases
Consumer
2025	$	503,126
2026		1,186,142
2027		887,803
2028		652,641
2029		533,234
Thereafter		203,191
Total minimum lease payments		3,966,137
Less: imputed interest		(342,884)
Sub-total		3,623,253
Commercial
2025		621,338
2026		474,320
2027		33,454
2028		—
2029		—
Thereafter		—
Total minimum lease payments		1,129,112
Less: imputed interest		(23,498)
Sub-total		1,105,614
Total		4,728,867
Less: current portion		1,818,941
	$	2,909,926

All of the Company’s leased facilities as of June 30, 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. Lease costs are comprised of a combination of minimum lease payments and variable lease costs.

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

	Six Months Ended June 30,
	2025		2024
Non-cash activities: right-of-use operating lease assets obtained in exchange for new operating lease liabilities	$	951,464	$	660,087

The following table depicts the Company’s leasing costs for the three months ended June 30, 2025 and 2024:

	Three Months Ended June 30,
	2025		2024
Operating lease cost	$	605,553	$	511,346
Variable lease cost		215,083		127,177
Short-term lease cost		31,191		129,379
	$	851,827	$	767,902

The following table depicts the Company’s leasing costs for the six months ended June 30, 2025 and 2024:

	Six Months Ended June 30,
	2025		2024
Operating lease cost	$	1,208,522	$	984,880
Variable lease cost		420,664		387,028
Short-term lease cost		100,977		180,729
	$	1,730,163	$	1,552,637

As of June 30, 2025, the weighted average remaining lease term and weighted average discount rate for operating leases were 2.8 years and 4.2%. As of June 30, 2024, the weighted average remaining lease term and weighted average discount rate for operating leases were 2.5 years and 3.8%.