Lease Liability |
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| Lease Liability | 12. Lease Liability
The Company has operating leases predominantly for operating facilities. As of June 30, 2026, the remaining lease terms on our operating leases range from less than one to nine years. Renewal options to extend our leases have not been exercised due to uncertainty. Termination options are not reasonably certain of exercise by the Company. There is no transfer of title or option to purchase the leased assets upon expiration. There are no residual value guarantees or material restrictive covenants. There are no significant finance leases as of June 30, 2026.
Future minimum lease payments as of June 30, 2026 are as follows:
Maturity of Lease Liability:
Total cash paid for leases during the six months ended June 30, 2026 and 2025 approximated $426,000 and $440,000, respectively.
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