v3.26.1
Leases
6 Months Ended
Jun. 30, 2026
Leases  
Leases

Note 9 - Leases

 

We enter into lease contracts for certain of our facilities at two locations. Our leases have remaining lease terms of two and five years.

 

The weighted average discount rate for our operating leases is 14.05%. We calculated the weighted-average discount rate using incremental borrowing rates, which equal the rates of interest that we would pay to borrow funds on a fully collateralized basis over a similar term.

 

At June 30, 2026, maturities of operating lease liabilities are as follows:

 

      
2026  $527,000 
2027   1,083,000 
2028   1,119,000 
2029   627,000 
2030   646,000 
Thereafter   217,000 
Total Lease Payments   4,219,000 
Less: Imputed interest   (1,034,000)
Total Lease Liabilities  $3,185,000