Note 5. Insurance Premium Financing

In September 2025, the Company entered into a finance agreement with First Insurance Funding in order to fund a portion of its insurance premiums for its professional liability policies. The amount financed was approximately $355,000 and incurs interest at an annual rate of 7.2%. The Company is required to make nine monthly payments of approximately $39,000 through May 2026. There was an outstanding balance of $142,000 as of March 31, 2026.

In September 2024, the Company entered into a finance agreement with First Insurance Funding in order to fund a portion of its insurance premiums for its professional liability policies. The amount financed is approximately $426,000 and incurs interest at a rate of 7.2%. The Company was required to make nine monthly payments of approximately $47,000 through May 2025. The amount had been fully repaid as of December 31, 2025.