XML 21 R14.htm IDEA: XBRL DOCUMENT

LEASES

3 Months Ended

Jun. 30, 2025

NOTE 6 – LEASES

We lease office space in Scottsdale, AZ and Atlanta, GA under contracts we classify as operating leases. None of our leases are financing leases. The Scottsdale lease has been extended through 2029 and does not include a renewal option.

Consolidated lease expense for the three months ended June 30, 2025 was $149,659 including $135,734 of operating lease expense and $13,925 of other lease associated expenses such as association dues, taxes, utilities, and other month to month rentals. Consolidated lease expense for the three months ended June 30, 2024 was $137,223 including $131,782 of operating lease expense and $5,441 of other lease associated expenses such as association dues, taxes, utilities, and other month to month rentals.

The weighted average remaining lease term and weighted average discount rate for operating leases as of June 30, 2025 were 3.0 years and 10.0%, respectively.

Future minimum lease payments under non-cancellable leases as of June 30, 2025, are as follows:


Years Ended March 31,
2026(1)	$	412,507
2027		564,681
2028		360,055
2029		242,595
Total Lease Payments		1,579,838
Less: Amount Representing Interest		(222,426	)
Present Value of Lease Liabilities	$	1,357,412

(1)

This amount represents future lease payments for the remaining nine months of fiscal year 2026. It does not include any lease payments for the three months ended June 30, 2025.