XML 66 R45.htm IDEA: XBRL DOCUMENT
v3.25.0.1

LEASES (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Leases [Abstract] |
Schedule of Operating Lease Expenses | The components of operating lease expense are as follows:
|  |  |  |  | Year Ended December 31,
|  |  |  |  | 2024 |  | 2023 |  | 2022
Rent - cost of services(1) |  |  |  |  | $ | 216,016 |  |  | $ | 197,358 |  |  | $ | 153,049 |
Cost of services(2) |  |  |  |  | 24,297 |  |  | 20,454 |  |  | 16,938 |
General and administrative expense |  |  |  |  | 700 |  |  | 498 |  |  | 125 |
Depreciation and amortization(3) |  |  |  |  | 1,212 |  |  | 1,202 |  |  | 1,160 |
|  |  |  |  | $ | 242,225 |  |  | $ | 219,512 |  |  | $ | 171,272 |
(1)Rent- cost of services includes accrued rent expense adju stments of $808, $870 and $493 for the years ended December 31, 2024, 2023 and 2022, respectively. Additionally, rent- cost of services includes other variable lease costs such as consumer price index increases and short-term leases of $14,013, $10,259, $5,878 for the years ended December 31, 2024, 2023, and 2022 respectively. (2)Cost of services includes variable lease costs, which consists of property taxes and insurance. (3)Depreciation and amortization is related to the amortization of favorable and direct lease costs.
Schedule of Future Minimum Lease Payments | Future minimum lease payments for all third-party leases as of December 31, 2024 are as follows:
Year |  | Amount
2025 |  | $ | 204,909 |
2026 |  | 204,696 |
2027 |  | 204,002 |
2028 |  | 202,994 |
2029 |  | 199,144 |
Thereafter |  | 1,776,571 |
TOTAL LEASE PAYMENTS |  | $ | 2,792,316 |
Less: present value adjustment |  | (963,516) |
PRESENT VALUE OF TOTAL LEASE LIABILITIES |  | $ | 1,828,800 |
Less: current lease liabilities |  | (93,475) |
LONG-TERM OPERATING LEASE LIABILITIES |  | $ | 1,735,325 |
Schedule of Rental Income from Third-Party Sources | Total rental income from all third-party sources for the years ended December 31, 2024, 2023 and 2022 is as follows:
|  |  | Year Ended December 31,
|  |  |  |  | 2024 |  | 2023 |  | 2022
Pennant(1) |  |  |  |  | $ | 15,480 |  |  | $ | 15,048 |  |  | $ | 14,915 |
Other third-party(2) |  |  |  |  | 7,480 |  |  | 6,236 |  |  | 1,842 |
TOTAL |  |  |  |  | $ | 22,960 |  |  | $ | 21,284 |  |  | $ | 16,757 |
(1) Pennant rental income includes variable rent such as property taxes of $1,235, $1,296, and $1,318 during the year ended December 31, 2024, 2023, and 2022. (2) Other third-party includes rental revenue associated with the Company's subleases to third parties of $4,347 and $3,897 for the years ended December 31, 2024 and 2023. There was no sublease rental revenue for the year ended December 31, 2022.
Schedule of Annual Rental Income | Future annual rental income for all third-party leases as of December 31, 2024 were as follows:
Year |  | Amount(1)
2025 |  | $ | 23,664 |
2026 |  | 23,179 |
2027 |  | 22,736 |
2028 |  | 22,535 |
2029 |  | 22,511 |
Thereafter |  | 119,811 |
TOTAL |  | $ | 234,436 |
(1) Annual rental income includes base rents and variable rental income pursuant to existing leases as of December 31, 2024.

X
- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
Name: | us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturity of undiscounted cash flows to be received by lessor on annual basis for operating lease. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479773/842-30-50-12 + Details
Name: | us-gaap_LessorOperatingLeasePaymentsToBeReceivedMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of components of income from operating lease. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479773/842-30-50-5 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-6A + Details
Name: | us-gaap_OperatingLeaseLeaseIncomeTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration