LEASES

3 Months Ended

Mar. 31, 2026

LEASES

LEASES

NOTE 11 — LEASES

The following table depicts the Company’s future minimum lease payments as of March 31, 2026:

	Operating
	Leases
Consumer
2026	$	882,063
2027		961,983
2028		728,302
2029		610,411
2030		281,919
Thereafter		33,076
Total minimum lease payments		3,497,754
Less: imputed interest		(282,562)
Sub-total		3,215,192
Commercial
2026		1,278,127
2027		1,512,428
2028		1,535,763
2029		1,578,575
2030		1,596,986
Thereafter		550,062
Total minimum lease payments		8,051,941
Less: imputed interest		(1,015,795)
Sub-total		7,036,146
Total		10,251,338
Less: current portion		2,359,567
	$	7,891,771

All of the Company’s leased facilities as of March 31, 2026, are non-cancellable. The leases are a combination of triple-net leases, under which the Company pays its proportionate share of common area maintenance, property taxes, and property insurance, and modified-gross leases, under which the Company 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,
	2026		2025
Non-cash activities: right-of-use operating lease assets obtained in exchange for new operating lease liabilities	$	323,973	$	472,720

The following table depicts the Company’s leasing costs for the three months ended March 31, 2026 and 2025:

	Three Months Ended March 31,
	2026						2025
	Consumer		Commercial		Consolidated		Consumer		Commercial		Consolidated
Operating lease cost	$	298,519	$	467,638	$	766,157	$	263,065	$	339,428	$	602,493
Variable lease cost		62,796		154,635		217,431		59,659		145,922		205,581
Short-term lease cost		1,771		89,586		91,357		30,999		39,263		70,262
	$	363,086	$	711,859	$	1,074,945	$	353,723	$	524,613	$	878,336

As of March 31, 2026, the weighted average remaining lease term and weighted average discount rate for operating leases were 4.4 years and 5.1%. 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%.