We lease office space in Scottsdale, AZ and Atlanta, GA under contracts we classify as operating leases. None of our leases are financing leases. The Scottsdale office lease has an expiration date of December 31, 2028 and does not include a renewal option. The Atlanta office lease has an expiration date of May 31, 2027.

On September 17, 2025, we signed a lease for 2,660 square feet of mixed-use warehouse space in Marietta, GA. The lease commenced on October 1, 2025 and expires in October 2028.

Consolidated lease expense for the three months ended June 30, 2026 was $158,462, including $149,778 of operating lease expense and $8,684 of other lease associated expenses such as association dues, taxes, utilities, and other month-to-month rentals. Consolidated lease expense for the three months ended June 30, 2025 was $149,659, including $135,734 of operating lease expense and $13,925 of other lease associated expenses such as association dues, taxes, utilities, and other month-to-month rentals.

The weighted average remaining lease term and weighted average discount rate for operating leases as of June 30, 2026 were 1.5 years and 10.0%, respectively.

Future minimum lease payments under non-cancellable leases as of June 30, 2026, are as follows:


Years Ended March 31,
2027(1)	$	455,634
2028		402,822
2029		268,255
Total Lease Payments		1,126,711
Less: Amount Representing Interest		(116,828	)
Present Value of Lease Liabilities	$	1,009,883

(1)

This amount represents future lease payments for the remaining three months of fiscal year 2027. It does not include any lease payments for the three months ended June 30, 2026.