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LEASES

9 Months Ended

Sep. 30, 2025

NOTE 11 — LEASES

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


	Operating
	Leases
Consumer
2025	$	202,618
2026		1,186,142
2027		887,803
2028		652,641
2029		533,234
Thereafter		203,189

Total minimum lease payments		3,665,627
Less: imputed interest		(304,946)

Sub-total		3,360,681

Commercial
2025		310,669
2026		1,387,320
2027		1,453,169
2028		1,476,504
2029		1,535,564
Thereafter		2,147,047

Total minimum lease payments		8,310,273
Less: imputed interest		(1,192,849)

Sub-total		7,117,424

Total		10,478,105

Less: current portion		1,844,223

	$	8,633,882

All of the Company’s leased facilities as of September 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:

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


	Three Months Ended September 30,
	2025						2024
	Consumer		Commercial		Consolidated		Consumer		Commercial		Consolidated

Operating lease cost	$	286,594	$	343,992	$	630,586	$	200,220	$	339,654	$	539,874
Variable lease cost		62,802		40,880		103,682		56,433		162,320		218,753
Short-term lease cost		915		36,541		37,456		42,227		45,748		87,975

	$	350,311	$	421,413	$	771,724	$	298,880	$	547,722	$	846,602

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


	Nine Months Ended September 30,
	2025						2024
	Consumer		Commercial		Consolidated		Consumer		Commercial		Consolidated

Operating lease cost	$	830,757	$	1,007,875	$	1,838,632	$	506,245	$	1,019,625	$	1,525,870
Variable lease cost		180,671		343,675		524,346		170,206		439,469		609,675
Short-term lease cost		29,868		109,040		138,908		119,952		143,742		263,694

	$	1,041,296	$	1,460,590	$	2,501,886	$	796,403	$	1,602,836	$	2,399,239

As of September 30, 2025, the weighted average remaining lease term and weighted average discount rate for operating leases were 4.8 years and 5.1%. As of September 30, 2024, the weighted average remaining lease term and weighted average discount rate for operating leases were 2.5 years and 3.8%.

Nine Months Ended September 30,

Non-cash activities: right-of-use operating lease assets obtained in exchange for new operating lease liabilities

7,235,358