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Operating Leases:

3 Months Ended

Mar. 29, 2025

Operating Leases:

Operating Leases:

10. Operating Leases:

As of March 29, 2025, the Company leases its Minnesota corporate headquarters in a facility with an operating lease that expires in December 2029. The remaining lease term for this lease is 4.75 years and the discount rate is 5.5%. The Company recognized $275,600 and $221,700 of operating lease costs for the periods ended March 29, 2025 and March 30, 2024, respectively.

Maturities of operating lease liabilities is as follows for the remainder of fiscal 2025 and full fiscal years thereafter as of March 29, 2025:


Operating Lease Liabilities expected to be recognized in		Amount
2025		$	606,300
2026			828,200
2027			851,100
2028			874,600
2029			898,700
Thereafter			—
Total lease payments			4,058,900
Less imputed interest			(492,300)
Present value of lease liabilities		$	3,566,600

Of the $3.6 million operating lease liability outstanding at March 29, 2025, $0.7 million is included in Accrued liabilities in the Current liabilities section of the Consolidated Condensed Balance Sheets.

Supplemental cash flow information related to our operating leases is as follows for the period ended March 29, 2025:


		Three Months Ended
		March 29, 2025			March 30, 2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flow outflow from operating leases		$	199,600		$	259,100