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v3.25.1

LEASES (Tables) | 3 Months Ended
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Mar. 31, 2025
Leases [Abstract] |
Schedule of Operating Lease Expenses | The components of operating lease expense are as follows:
|  |  | Three Months Ended March 31, |  |
|  |  |  |  | 2025 |  | 2024 |  |
Rent - cost of services(1) |  |  |  |  | $ | 57,076 |  |  | $ | 51,876 |  |  |
Cost of services(2) |  |  |  |  | 6,429 |  |  | 5,770 |  |  |
General and administrative expense |  |  |  |  | 199 |  |  | 153 |  |  |
Depreciation and amortization(3) |  |  |  |  | 142 |  |  | 303 |  |  |
|  |  |  |  | $ | 63,846 |  |  | $ | 58,102 |  |  |
(1)Rent- cost of services includes deferred rent expense adju stments of $208 and $195 for the three months ended March 31, 2025 and 2024, respectively. Additionally, rent- cost of services includes other variable lease costs such as CPI increases and short-term leases of $4,004 and $3,057 for the three months ended March 31, 2025 and 2024, 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 March 31, 2025 are as follows:
Year |  | Amount
2025 (remainder) |  | $ | 158,154 |
2026 |  | 210,667 |
2027 |  | 209,973 |
2028 |  | 208,964 |
2029 |  | 205,115 |
2030 |  | 200,938 |
Thereafter |  | 1,635,059 |
TOTAL LEASE PAYMENTS |  | $ | 2,828,870 |
Less: present value adjustment |  | (964,484) |
PRESENT VALUE OF TOTAL LEASE LIABILITIES |  | $ | 1,864,386 |
Less: current lease liabilities |  | (97,176) |
LONG-TERM OPERATING LEASE LIABILITIES |  | $ | 1,767,210 |
Schedule of Rental Income from Third-Party Sources | Total rental income from all third-party sources for the three months ended March 31, 2025 and 2024 is as follows:
| Three Months Ended March 31, |  |  |  |
| 2025 |  | 2024 |  |  |  |  |  |
Pennant(1) | $ | 4,122 |  |  | $ | 3,820 |  |  |  |  |  |  |
Other third-party(2) | 1,879 |  |  | 1,867 |  |  |  |  |  |  |
TOTAL | $ | 6,001 |  |  | $ | 5,687 |  |  |  |  |  |  |
(1) Pennant rental income includes variable rent such as property taxes of $310 and $318 during the three months ended March 31, 2025 and 2024. (2) Other third-party includes rental revenue associated with the Company's subleases to third parties of $1,107 and $1,080 for the three months ended March 31, 2025 and 2024.
Schedule of Annual Rental Income | Future annual rental income for all third-party leases as of March 31, 2025 were as follows:
Year |  | Amount(1)
2025 (remainder) |  | $ | 18,591 |
2026 |  | 24,123 |
2027 |  | 23,605 |
2028 |  | 23,369 |
2029 |  | 23,292 |
2030 |  | 22,300 |
Thereafter |  | 98,057 |
TOTAL |  | $ | 233,337 |
(1) Annual rental income includes base rents and variable rental income pursuant to existing leases as of March 31, 2025.

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- 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
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- 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
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- 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
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