LEASES

12 Months Ended

Dec. 31, 2025

LEASES

LEASES

NOTE 11 — LEASES

The following table depicts the Company’s future annual minimum leases payments as of December 31, 2025:

	Operating
	Leases
Consumer
2026	$	1,130,777
2027		887,803
2028		652,641
2029		533,234
2030		203,190
Thereafter		-
Total minimum lease payments		3,407,645
Less: imputed interest		(268,790)
Sub-total		3,138,855
Commercial
2026		1,280,989
2027		1,453,169
2028		1,476,504
2029		1,535,564
2030		1,596,986
Thereafter		550,061
Total minimum lease payments		7,893,273
Less: imputed interest		(1,098,266)
Sub-total		6,795,007
Total		9,933,862
Less: current portion		1,937,295
	$	7,996,567

All of the Company’s leased facilities, as of December 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. 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:

	Year Ended December 31,
	2025		2024
Non-cash activities: right-of-use operating lease assets obtained in exchange for new operating lease liabilities	$	7,235,358	$	2,341,024

The following table depicts the Company’s leasing costs for the years ended December 31, 2025 and 2024:

	Year Ended December 31,
	2025						2024
	Consumer		Commercial		Consolidated		Consumer		Commercial		Consolidated
Operating lease cost	$	1,117,351	$	1,448,929	$	2,566,280	$	747,356	$	1,357,709	$	2,105,065
Variable lease cost		242,983		477,629		720,612		217,362		590,599		807,961
Short-term lease cost		32,153		150,258		182,411		167,550		179,877		347,427
	$	1,392,487	$	2,076,816	$	3,469,303	$	1,132,268	$	2,128,185	$	3,260,453

As of December 31, 2025, the weighted average remaining lease term and weighted average discount rate for operating leases were 4.6 years and 5.1%. As of December 31, 2024, the weighted average remaining lease term and weighted average discount rate for operating leases were 3.0 years and 3.9%.