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Operating Leases:

9 Months Ended

Sep. 27, 2025

Operating Leases:

Operating Leases:

10. Operating Leases:

As of September 27, 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 4.25 years and the discount rate is 5.5%. The Company recognized $761,100 and $778,500 of rent expense for the periods ended September 27, 2025 and September 28, 2024, respectively.

Maturities of operating lease liabilities is as follows for the remainder of fiscal 2025 and full fiscal years thereafter as of September 27, 2025:


Operating Lease Liabilities expected to be recognized in		Amount
2025		$	205,200
2026			828,200
2027			851,100
2028			874,600
2029			898,700
Thereafter			—
Total lease payments			3,657,800
Less imputed interest			(466,100)
Present value of lease liabilities		$	3,191,700

Of the $3.2 million operating lease liability outstanding at September 27, 2025, $0.6 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 September 27, 2025:


		Nine Months Ended
		September 27, 2025			September 28, 2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flow outflow from operating leases		$	669,200		$	651,300