LEASES

3 Months Ended

Mar. 31, 2026

NOTE 7 – LEASES

During the three month ended March 31, 2026 and 2025, we recognized additional right of use (ROU) assets and lease liabilities of $884.7 and $0.0, respectively. We elected not to recognize ROU assets and lease liabilities arising from short-term leases with initial terms of twelve months or less on the consolidated balance sheets.

When measuring lease liabilities for leases that were classified as operating leases, we discounted lease payments using its estimated incremental borrowing rate. The weighted average incremental borrowing rate applied was 8.00%. As of March 31, 2026, our leases had a remaining weighted average term of 2.90 years.

Operating leases are included in the consolidated balance sheets as follows:

Classification		March 31, 2026		December 31, 2025
Lease assets
Operating lease cost ROU assets, net	Assets	$	3,145.0	$	2,505.3
Total lease assets		$	3,145.0	$	2,505.3

Lease liabilities
Operating lease liabilities, current	Current liabilities	$	1,087.4	$	836.2
Operating lease liabilities, non-current	Liabilities		2,111.9		1,723.5
Total lease liabilities		$	3,199.3	$	2,559.7

The components of lease costs, which are included in loss from operations in our condensed consolidated statements of operations were as follows:

	Three months ended

	March 31, 2026		March 31, 2025
Lease costs
Operating lease costs	$	300.4	$	274.9
Variable lease costs		15.2		26.2
Short-term lease costs		8.7		8.5
Total lease costs	$	324.3	$	309.6

Future minimum payments under non-cancellable leases for operating leases for the remaining terms of the leases following the three months ended March 31, 2026, are as follows:


2026 (remainder of)	$	974.0
2027		1,328.6
2028		1,101.4
2029		171.5
Total future minimum lease payments		3,575.5
Amount representing interest		(376.2	)
Present value of net future minimum lease payments	$	3,199.3