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.

On September 17, 2025, we signed a lease for 2,660 square feet of mixed-use warehouse space in Marietta, GA. The lease commenced on October 1, 2025 and expires in October 2028.

Consolidated lease expense for the three months ended September 30, 2025 was $143,023, including $135,734 of operating lease expense and $7,289 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 September 30, 2024 was $137,222, including $131,782 of operating lease expense and $5,440 of other lease associated expenses such as association dues, taxes, utilities, and other month-to-month rentals.

Consolidated lease expense for the six months ended September 30, 2025 was $292,682, including $271,469 of operating lease expense and $21,213 of other lease associated expenses such as association dues, taxes, utilities, and other month-to-month rentals. Consolidated lease expense for the six months ended September 30, 2024 was $274,445, including $263,565 of operating lease expense and $10,880 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 September 30, 2025 were 2.8 years and 10.0%, respectively.

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


Years Ended March 31,
2026(1)	$	276,772
2027		564,681
2028		360,055
2029		242,595
Total Lease Payments		1,444,103
Less: Amount Representing Interest		(189,341	)
Present Value of Lease Liabilities	$	1,254,762

(1)

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