Note 9 - Leases |
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| Lessee, Operating and Finance Leases [Text Block] |
9. LEASES
The Company has operating leases for facilities, vehicles and equipment. These leases have remaining terms ranging from under year to 10 years, some of which include options to extend the leases for up to 10 years.
Cash spent on leases was $1,462,891 and $977,974 in the six-month periods ended June 30, 2025 and June 30, 2024, respectively. The increase in rent payments is primarily the result of the acquisitions of Rahn and AIC, as well as new storefront facility for Federal Hose, partially offset by the CAD building now being owned rather than leased.
Supplemental balance sheet information related to leases:
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