LEASES |
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| LEASES | NOTE 11 – LEASES
The Company leases office spaces domestically under operating leases including: (1) the Company’s headquarters in New York, New York for which the lease expires in 2028, (2) a marketing and sales center in Huntington Beach, California for which the lease expires in 2027, (3) a patient care center in Greenville, South Carolina for which the lease expires in 2032, with an additional five year option to extend, for which the Company expects to utilize, and (4) a warehouse and pharmacy operations center in Lancaster, Pennsylvania for which the lease expires in 2029, with an additional five year option to extend, for which the Company expects to utilize.
The following is a summary of the Company’s operating right-of-use assets and operating lease liabilities as of March 31, 2026:
The table below reconciles the undiscounted future minimum lease payments under the above noted operating leases to the total operating lease liabilities recognized on the unaudited consolidated balance sheet as of March 31, 2026:
Operating lease expenses were approximately $372 thousand and $383 thousand for the three months ended March 31, 2026 and 2025, respectively, and were included in other operating expenses in our unaudited consolidated statement of operations.
Supplemental balance sheet information related to operating lease liabilities consisted of the following:
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