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Operating Leases:

6 Months Ended

Jun. 28, 2025

Operating Leases:

Operating Leases:

10. Operating Leases:

As of June 28, 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 4.5 years and the discount rate is 5.5%. The Company recognized $484,800 and $497,100 of rent expense for the periods ended June 28, 2025 and June 29, 2024, respectively.

Maturities of operating lease liabilities is as follows for the remainder of fiscal 2025 and full fiscal years thereafter as of June 28, 2025:


Operating Lease Liabilities expected to be recognized in		Amount
2025		$	406,700
2026			828,200
2027			851,100
2028			874,600
2029			898,700
Thereafter			—
Total lease payments			3,859,300
Less imputed interest			(510,500)
Present value of lease liabilities		$	3,348,800

Of the $3.3 million operating lease liability outstanding at June 28, 2025, $0.5 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 June 28, 2025:


		Six Months Ended
		June 28, 2025			June 29, 2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flow outflow from operating leases		$	399,300		$	388,600