Note 7 - Leases |
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Mar. 31, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Notes to Financial Statements | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Lessee, Operating and Finance Leases [Text Block] |
NOTE 7 – LEASES
The Company leases office and manufacturing facilities under non-cancelable operating leases. Future minimum lease payments as of March 31, 2026 are as follows:
As of March 31, 2026, weighted average remaining lease term was 2.3 years. Weighted average discount rate was 5.0%.
Rent and real estate tax expense for all facilities for the years ended March 31, 2026 and 2025 was approximately $153,484 and $128,534 respectively, and are reported as a component of cost of sales and selling, general and administrative expenses in the accompanying statement of operations. The Company paid $106,872 in lease payments during the year. |
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