Note 9 - Leases

6 Months Ended

Jun. 30, 2026

NOTE 9 – LEASES

The Company’s corporate offices and other offices are located in Pittsburgh, Pennsylvania. The leases are effective through February 29, 2028.

Lease expense under operating lease arrangements, recorded within general and administrative expenses of continuing operations, was $196,169 for the three months ended June 30, 2026 and 2025, and $392,337and $392,503 for the six months ended June 30, 2026 and 2025, respectively.

The following table summarizes the operating lease asset and liabilities recorded as of June 30, 2026 and December 31, 2025:

	June 30, 2026			December 31, 2025
Operating lease right-of-use asset, gross	$	2,922,365		$	2,922,365
Accumulated amortization		(1,741,805	)		(1,434,662	)
Operating lease right-of-use asset, net		1,180,560			1,487,703

Short-term operating lease liabilities		708,159			653,743
Long-term operating lease liabilities		535,168			904,495
Total operating lease liabilities	$	1,243,327		$	1,558,238

Weighted average remaining lease term – operating leases in years		1.67			2.16
Weighted average discount rate – operating leases		12.5	%		13.0	%

The Company’s operating lease obligations as of June 30, 2026, which include expected lease extensions that are reasonably certain of renewal, were as follows:

2026 (remaining 6 months)	$	403,618
2027		827,909
2028		139,022
Total lease payments		1,370,549
Less: interest		(127,222	)
Present value of lease liabilities	$	1,243,327