XML 23 R12.htm IDEA: XBRL DOCUMENT

LEASES

9 Months Ended

Sep. 30, 2025

Leases [Abstract]

LEASES

NOTE 5 — LEASES

We have finance and operating leases for our corporate office, vehicles, and certain office and computer equipment.

The components of lease expense were as follows:


		Three Months Ended						Nine Months Ended
		September 30,						September 30,
		2025			2024			2025			2024

Operating lease cost		$	130,785		$	116,772		$	388,372		$	341,126
Short-term lease cost			—			556			6,086			4,572
Total lease cost		$	130,785		$	117,328		$	394,458		$	345,698

Finance lease cost:
Amortization of right-of-use assets		$	28,896		$	28,896		$	86,689		$	86,689
Interest on lease liabilities			3,674			5,283			12,249			17,007
Total finance lease cost		$	32,570		$	34,179		$	98,938		$	103,696

Supplemental cash flow information related to leases was as follows:


		Nine Months Ended
		September 30,
		2025			2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases		$	392,871		$	373,046
Financing cash flows from finance leases			98,578			98,578

		September 30, 2025		December 31, 2024
Weighted Average Remaining Lease Term
Operating leases		4.3 Years		5.1 Years
Finance leases		2.0 Years		2.7 Years

Weighted Average Discount Rate
Operating leases		6.36%		6.52%
Finance leases		6.56%		6.34%

Maturities of lease liabilities are as follows:

Year Ending December 31,		Operating Leases			Finance Leases
Remainder of 2025		$	133,495		$	32,859
2026			533,979			131,437
2027			533,979			74,194
2028			520,985			6,180
2029			501,595			—
Thereafter			1,332,009			—
Total undiscounted lease payments			3,556,042			244,670
Less: imputed interest			(454,066	)		(8,180	)
Total lease liabilities		$	3,101,976		$	236,490