Future
minimum lease payments as of December 31, 2025, are as follows:
Maturity
of Lease Liability:
SCHEDULE
OF FUTURE
MINIMUM LEASE PAYMENTS
| | |
Totals | |
| 2026 | |
$ | 839,000 | |
| 2027 | |
| 808,000 | |
| 2028 | |
| 824,000 | |
| 2029 | |
| 840,000 | |
| 2030 | |
| 857,000 | |
| thereafter | |
| 3,217,000 | |
| Total lease payments | |
| 7,385,000 | |
| Less
imputed interest | |
| (1,082,000 | ) |
| Present
value of remaining lease payments | |
$ | 6,303,000 | |
| | |
| | |
| Current | |
$ | 611,000 | |
| Non-current | |
$ | 5,692,000 | |
| | |
| | |
| Weighted average remaining
lease term (years) | |
| 8.7 | |
| | |
| | |
| Weighted average discount
rate | |
| 3.8 | % |
| | |
| | |
| Cash payments made YTD | |
$ | 861,000 | |
|