v3.26.1
Liabilities for Leased Facilities
12 Months Ended
Dec. 31, 2025
Liabilities for Leased Facilities  
Liabilities for Leased Facilities

Note 8:  Liabilities for Leased Facilities

 

The Company has various leases for its Company-owned Craft Pizza & Pub locations and its corporate office. 

 

The following table summarizes the right of use asset and lease liability using a ten-year term for the leases and assumes 7% interest rate as of December 31, 2025.

 

Right of use assets

 

$3,332,195

 

Lease liability

 

 

 

 

Current

 

 

950,409

 

Long-term

 

 

2,564,162

 

Total

 

$3,514,571

 

 

The following table summarizes the Company’s scheduled minimum lease payments as of December 31, 2025.

 

2026

 

$950,409

 

2027 and 2028

 

 

1,611,098

 

2029 and after

 

 

953,064

 

Total operating lease obligations

 

$3,514,571