v3.26.1
Note 9 - Leases
6 Months Ended
Jun. 30, 2026
Notes to Financial Statements  
Leases [Text Block]

9. Leases

 

The Company has entered into operating lease agreements for corporate office and warehouse spaces with varying lease terms.

 

For the periods presented below, the components of lease expense were as follows:

 

  

Three Months Ended

  

Six Months Ended

 
  

June 30, 2026

  

June 30, 2025

  

June 30, 2026

  

June 30, 2025

 

Operating leases

                

Operating lease cost

 $215,679  $23,059  $248,642  $46,119 

Variable lease cost

            

Operating lease expense

  215,679   23,059   248,642   46,119 

Short-term lease rent expense

  195,874   117,110   323,054   210,859 

Total rent expense

 $411,553  $140,169  $571,696  $256,978 

 

As of  June 30, 2026, future minimum payments during the next five years and thereafter are as follows:

 

2026 (excluding the six months ended June 30, 2026)

  509,351 

2027

  980,563 

2028

  902,342 

2029

  762,916 

2030

  788,193 

2031

  525,462 

Total

  4,468,827 

Less imputed interest

  (710,994)

Operating lease liabilities

 $3,757,833