Leases (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
|---|
| Leases |
|
| Schedule of related party property leases |
| Schedule of related party
property leases | |
|
| Description | |
Base Rental
(annual) |
| 425 Clinic Drive, Morehead, Kentucky* | |
$ | 312,000 | |
| 445 Clinic Drive, Morehead, Kentucky | |
| 120,000 | |
| 1111 US 60 W, Morehead, Kentucky* | |
| 480,000 | |
| 2180 US 60 W, Morehead, Kentucky | |
| 36,000 | |
| 721 White Street, Morehead Kentucky | |
| 30,000 | |
| 214 Jackson Drive, Morehead, Kentucky | |
| 30,000 | |
| 1135 Rodburn Hollow Drive, Morehead, Kentucky | |
| 30,000 | |
| 417 South 4th Street, Paducah, Kentucky | |
| 96,000 | |
| 425 South 6th Street, Paducah, Kentucky | |
| 72,000 | |
| Total | |
$ | 1,206,000 | |
|
| Schedule of right of use assets are included in the consolidated balance |
| Schedule of right of use assets are included in the consolidated balance | |
| |
|
| | |
December 31,
2025 | |
December 31,
2024 |
| Non-current assets | |
| | | |
| | |
| Right-of-use assets – finance leases, net of depreciation, included in Property and equipment | |
$ | 4,509 | | |
$ | 15,699 | |
| Right-of-use assets – operating leases, net of amortization | |
| 10,540,982 | | |
| 9,920,592 | |
| Right-of-use assets – operating leases, related party, net of amortization | |
| 8,378,005 | | |
| — | |
| | |
$ | 18,923,496 | | |
$ | 9,936,291 | |
|
| Schedule of lease costs |
| Schedule of lease costs | |
| | | |
| | |
| | |
Year ended December 31, |
| | |
2025 | |
2024 |
| Finance lease cost: | |
| | | |
| | |
| Depreciation of right-of-use assets | |
$ | 8,392 | | |
$ | 11,190 | |
| Interest expense on finance lease liabilities | |
| 672 | | |
| 1,402 | |
| | |
| 9,064 | | |
| 12,592 | |
| Operating lease costs | |
| | | |
| | |
| Third parties | |
| 1,884,738 | | |
| 1,304,127 | |
| Related parties | |
| 1,128,568 | | |
| — | |
| | |
| 3,013,306 | | |
| 1,304,127 | |
| Lease cost | |
$ | 3,022,370 | | |
$ | 1,316,719 | |
|
| Schedule of other lease |
| Schedule of other
lease | |
| | | |
| | |
| | |
Year ended December 31, |
| | |
2025 | |
2024 |
| Cash paid for amounts included in the measurement of lease liabilities | |
| |
|
| Operating cash flows from finance leases | |
$ | (821 | ) | |
$ | (1,402 | ) |
| Operating cash flows from operating leases – third parties | |
| (1,712,246 | ) | |
| (999,883 | ) |
| Operating cash flows from operating leases – related parties | |
| (1,363,724 | ) | |
| — | |
| Financing cash flows from finance leases | |
| (9,008 | ) | |
| (8,478 | ) |
| Cash paid for amounts included in the measurement of lease liabilities | |
$ | (3,085,799 | ) | |
$ | (1,009,763 | ) |
| | |
| | | |
| | |
| Weighted average lease term – finance leases | |
| 1 years and 1 months | | |
| 2 years and 2 months | |
| Weighted average remaining lease term – operating leases | |
| 12 years and 10 months | | |
| 17 years and 10 months | |
| | |
| | | |
| | |
| Discount rate – finance leases | |
| 6.50 | % | |
| 6.58 | % |
| Discount rate – operating leases | |
| 7.71 | % | |
| 7.60 | % |
|
| Schedule of future minimum lease payments under finance leases |
| Schedule of future minimum lease payments under finance leases |
|
|
| |
|
Amount |
| 2026 |
|
$ |
6,195 |
|
| 2027 |
|
|
1,707 |
|
| Total |
|
|
7,902 |
|
| Imputed interest |
|
|
(539 |
) |
| Total finance lease
liability |
|
$ |
7,363 |
|
| Disclosed as: |
|
|
|
|
| Current portion |
|
$ |
6,195 |
|
| Non-Current portion |
|
|
1,168 |
|
| Lease liability |
|
$ |
7,363 |
|
|
| Schedule of future minimum lease payments under operating leases |
| Schedule of future minimum lease payments under operating leases |
|
|
| |
|
Amount |
| 2026 |
|
$ |
2,854,105 |
|
| 2027 |
|
|
2,717,331 |
|
| 2028 |
|
|
2,400,557 |
|
| 2029 |
|
|
2,400,557 |
|
| 2030 |
|
|
2,400,557 |
|
| 2031 and thereafter |
|
|
16,630,172 |
|
| Total undiscounted minimum future lease payments |
|
|
29,403,279 |
|
| Imputed interest |
|
|
(9,760,441 |
) |
| Total operating lease liability |
|
$ |
19,642,838 |
|
| |
|
|
|
|
| Disclosed as: |
|
|
|
|
| Current portion – third parties |
|
$ |
537,884 |
|
| Current portion – related parties |
|
|
540,304 |
|
| Non-current portion – third parties |
|
|
10,541,565 |
|
| Non-current portion – related parties |
|
|
8,023,085 |
|
| Lease liability |
|
$ |
19,642,838 |
|
|