Note 8 - Commitments and Contingencies |
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Jun. 30, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||
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| Commitments and Contingencies Disclosure [Text Block] |
Note 8 – Commitments and Contingencies
Lease Agreements
In February 2022, we entered into a commercial operating lease for our primary office and warehouse/distribution space in Texas. The lease requires us to pay for insurance, taxes, and our share of common operating expenses. This lease expires in March 2027. This lease is classified as an operating lease and we established a right of use asset and lease liability using a 10% discount rate.
Total operating lease costs were approximately $28,500 and $27,400 for the three months ended June 30, 2025 and 2024, respectively. Total operating lease costs were approximately $57,500 and $63,900 for the six months ended June 30, 2025 and 2024, respectively. Operating lease costs consist solely of base rental and common area maintenance costs. We have no financing leases.
Future undiscounted cash flows under this lease are:
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