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Leases | 3 Months Ended
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Jul. 31, 2025
Leases |
Leases | Note 4 – Leases The Company accounts for its leases in accordance with ASC 842. The Company determines if an arrangement is or contains a lease at inception, which is the date on which the terms of the contract are agreed to, and the agreement creates enforceable rights and obligations. Under ASC 842, a contract is or contains a lease when (i) explicitly or implicitly identified assets have been deployed in the contract and (ii) the customer obtains substantially all of the economic benefits from the use of that underlying asset and directs how and for what purpose the asset is used during the term of the contract. The Company also considers whether its service arrangements include the right to control the use of an asset. The Company has entered into various agreements to lease retail space, office and manufacturing space that have initial terms ranging from 1 to 10 years. Accordingly, the Company recognizes a right-of-use (“ROU”) asset representing the right to use an underlying asset and a lease liability representing the obligation to make lease payments over the lease term for substantially all leases with a lease term greater than 12 months. Operating lease cost is recognized on a straight-line basis over the lease term. CEA Industries Inc. Notes to Condensed Consolidated Financial Statements July 31, 2025 (in US Dollars except share numbers) (Unaudited) The Company’s operating and finance right-of-use assets and lease liabilities are as follows: Schedule of Lease Cost
|  | Successor |  |  | Predecessor |
|  | Successor |  |  | Predecessor |
|  | July 31, |  |  | April 30, |
|  | 2025 |  |  | 2025 |
Operating lease right-of-use asset |  | $ | 1,931,103 |  |  | $ | 1,890,013 |
Operating lease liability, current |  | $ | 661,985 |  |  | $ | 528,914 |
Operating lease liability, long-term |  | $ | 1,302,568 |  |  | $ | 1,374,639 |
|  | Successor |  |  | Predecessor |  |  | Predecessor |
|  | Successor |  |  | Predecessor |
|  | Period from June 7 through July 31, |  |  | Period from May 1 through June 6, |  |  | Three Months Ended July 31, |
|  | 2025 |  |  | 2025 |  |  | 2024 |
Cash paid for operating lease |  | $ | 97,215 |  |  | $ | 91,749 |  |  | $ | 188,964 |
Future annual minimum lease payments under non-cancellable operating leases as of July 31, 2025, were as follows: Schedule of Future Annual Minimum Lease Payments
As of July 31, 2025 |  | Successor |
|  | July 31, |
Years ended April 30, |  | 2025 |
2026 (excluding the three months ended July 31, 2025) |  |  | 583,479 |
2027 |  |  | 677,233 |
2028 |  |  | 461,843 |
2029 |  |  | 286,154 |
2030 |  |  | 140,995 |
Thereafter |  |  | 154,246 |
Total minimum lease payments |  |  | 2,303,950 |
Less imputed interest |  |  | (339,397 | )
Present value of minimum lease payments |  | $ | 1,964,553 |
CEA Industries Inc. Notes to Condensed Consolidated Financial Statements July 31, 2025 (in US Dollars except share numbers) (Unaudited)

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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