| Lessee, Operating Leases [Text Block] |
Note 6. Leases
The Company has operating leases for three healthcare clinics in Naples, Fort Myers, and West Palm Beach, Florida and operating leases for certain medical equipment:
| | ● | Naples Lease (Related Party): The Company leases its Naples clinic from Dura Properties, LLC, an entity owned and controlled by Dura’s former sole member prior to the acquisition. Following the acquisition on September 8, 2025, the former member became a director and minority shareholder of the Company. Right-of-use (ROU) assets and operating lease liabilities was measured under ASC 805 as if the leases were new at the acquisition date. The amended lease commenced on September 8, 2025 and expires on December 31, 2027. It is non-cancelable and requires monthly base rent of $6,000 (subject to 3% annual escalations), plus $2,000 in common area maintenance charges, and $1 thousand in taxes. |
| | ● | Fort Myers Lease (Third Party): The Company amended a lease for its Fort Myers clinic on September 8, 2025, with a commencement date of September 8, 2025, and an expiration date of November 30, 2026. Right-of-use (ROU) assets and operating lease liabilities were measured under ASC 805 as if the leases were new at the acquisition date. The amended lease is non-cancellable and requires monthly base rent of $5,000 in the first year, plus $2,000 in common area maintenance charges, subject to 3% annual escalations |
| | ● | West Palm Beach Lease (Third Party): On November 14, 2025, the Company entered into a sublease agreement with Third Party of office space located at West Palm Beach, Florida. The sublease commenced on December 1, 2025 and expires on April 5, 2028. The sublease provides for fixed annual rent of approximately $151,000 in the first lease year, subject to contractual escalations, and includes a five‑month rent abatement at commencement. The Company is also responsible for its proportionate share of operating expenses and other additional rent in accordance with the sublease terms. |
| | ● | Medical Equipment Leases (Third Party): On January 7, 2026, the Company entered into three commercial rental agreements with Third Party for certain medical equipment and related accessories. The agreement commenced on January 7, 2026 and has a base rental term of 48 months. The agreements provide for fixed monthly rental payments at an aggregate of $10,000. |
The components of lease expense included in the Company’s statement of operations were as follows (in thousands):
| | | | For the three | | | For the six | |
| | | | months | | | months | |
| | | | ended | | | ended | |
| | | | June 30, | | | June 30, | |
| | Expense Classification | | 2026 | | | 2026 | |
| Operating lease expense: | | | | | | | | | |
| Amortization of ROU asset | Selling, general and administrative | | $ | 77 | | | $ | 153 | |
| Accretion of operating lease liability | Selling, general and administrative | | | 15 | | | | 31 | |
| Amortization of ROU asset - related party | Selling, general and administrative | | | 26 | | | | 51 | |
| Accretion of operating lease liability - related party | Selling, general and administrative | | | 2 | | | | 3 | |
| Total operating lease expense | | $ | 120 | | | $ | 238 | |
Other information related to leases is as follows:
| | | As of June 30, | | | As of December 31, | |
| | | 2026 | | | 2025 | |
| Weighted-average remaining lease term: | | | | | | | | |
| Operating leases (in years) | | | 2.39 | | | | 2.03 | |
| Weighted-average discount rate: | | | | | | | | |
| Operating leases | | | 8.27 | % | | | 7.62 | % |
The future minimum lease payments required under leases as of June 30, 2026 were as follows (in thousands):
| Fiscal Year | | | | |
| Remainder of 2026 | | $ | 234 | |
| 2027 | | | 396 | |
| 2028 | | | 172 | |
| 2029 | | | 120 | |
| Total | | | 922 | |
| Less: imputed interest | | | (88 | ) |
| Lease liability | | $ | 834 | |
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