Right-of-Use Asset and Lease Liabilities (Tables) - HZO, Inc. and Subsidiaries
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6 Months Ended |
12 Months Ended |
Jun. 30, 2026 |
Dec. 31, 2025 |
| Right-of-Use Asset and Lease Liabilities |
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| Schedule of components of lease expense |
| | | | | | | | | | | | | | | | Six months ended June 30, | | | 2026 | | 2025 | Operating lease cost | | $ | 455,995 | | $ | 529,303 | Finance lease cost: | | | | | | | Amortization of assets | | | 27,709 | | | 26,905 | Interest on lease liabilities | | | 6,117 | | | 8,151 | Total lease cost | | $ | 489,821 | | $ | 564,359 |
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The components of lease expense recorded in the consolidated statements of operations and comprehensive loss were as follows for the year ended December 31: | | | | | | | | | | | | | | | | 2025 | | 2024 | Operating lease cost | | $ | 1,026,354 | | $ | 1,118,058 | Finance lease cost: | | | | | | | Amortization of assets | | | 53,811 | | | 42,143 | Interest on lease liabilities | | | 15,247 | | | 14,387 | Total lease cost | | $ | 1,095,412 | | $ | 1,174,588 |
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| Schedule of supplemental balance sheet information related to leas |
| | | | | | | | | | | | | | | | | | | | | | As of | | As of | | | | | June 30, | | December 31, | Leases | | Classification | | 2026 | | 2025 | Assets: | | | | | | | | | Operating lease assets | | Operating ROU asset, net | | $ | 2,335,019 | | $ | 2,675,083 | Finance lease assets | | Property and equipment, net | | | 122,712 | | | 135,959 | Total leased assets | | | | $ | 2,457,731 | | $ | 2,811,042 | Liabilities: | | | | | | | | | Current | | | | | | | | | Operating | | Operating lease liabilities, current | | $ | 989,854 | | $ | 982,996 | Finance | | Accrued expenses and other current liabilities | | | 53,756 | | | 51,401 | Non-current | | | | | | | | | Operating | | Operating lease liabilities, non-current | | | 1,555,040 | | | 1,931,610 | Finance | | Other liabilities | | | 80,088 | | | 94,855 | Total lease liabilities | | | | $ | 2,678,738 | | $ | 3,060,862 |
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Supplemental balance sheet information related to leases was as follows as of December 31: | | | | | | | | | | | | | | | | | | Leases | | Classification | | 2025 | | 2024 | Assets: | | | | | | | | | Operating lease assets | | Operating ROU asset, net | | $ | 2,675,083 | | $ | 3,390,744 | Finance lease assets | | Property and equipment, net | | | 135,959 | | | 189,770 | Total leased assets | | | | $ | 2,811,042 | | $ | 3,580,514 | | | | | | | | | | Liabilities: | | | | | | | | | Current | | | | | | | | | Operating | | Operating lease liabilities, current | | $ | 982,996 | | $ | 1,015,052 | Finance | | Accrued expenses and other current liabilities | | | 51,401 | | | 63,759 | Non-current | | | | | | | | | Operating | | Operating lease liabilities, non-current | | | 1,931,610 | | | 2,635,658 | Finance | | Other liabilities | | | 94,855 | | | 131,009 | Total lease liabilities | | | | $ | 3,060,862 | | $ | 3,845,478 |
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| Schedule of supplemental cash flow and other information related to leases |
| | | | | | | | | | | | | | | | | | Six months ended June 30, | | | | 2026 | | 2025 | | Weighted average remaining operating lease term (in years): | | | | | | | | Operating leases | | | 3.1 | | | 4.0 | | Finance leases | | | 2.3 | | | 3.2 | | Weighted average operating lease discount rate: | | | | | | | | Operating leases | | | 8.4 | % | | 8.1 | % | Finance leases | | | 8.5 | % | | 8.9 | % |
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Supplemental cash flow and other information related to leases was as follows for the year ended December 31: | | | | | | | | | | | | | | | | | | 2025 | | 2024 | | Cash paid for amounts included in the measurement of lease liabilities: | | | | | | | | Operating cash flows from operating leases | | $ | 757,759 | | $ | 872,460 | | Financing cash flows from finance leases | | $ | 48,511 | | $ | 35,199 | | | | $ | 806,270 | | $ | 907,659 | | | | | | | | | | Weighted average remaining operating lease term (in years): | | | | | | | | Operating leases | | | 3.6 | | | 4.4 | | Finance leases | | | 2.7 | | | 3.6 | | Weighted average operating lease discount rate: | | | | | | | | Operating leases | | | 8.3 | % | | 8.0 | % | Finance leases | | | 8.9 | % | | 8.9 | % |
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| Schedule of maturities of operating lease liabilities |
| | | | | | | | | | Amount | 2026 (remaining) | | $ | 676,169 | 2027 | | | 1,121,280 | 2028 | | | 758,944 | 2029 | | | 649,382 | 2030 | | | 50,673 | Thereafter | | | — | Total lease payments | | $ | 3,256,448 | Less: imputed interest | | | (711,554) | Total lease obligations | | | 2,544,894 | Less: current obligations | | | (989,854) | Long-term lease obligations | | $ | 1,555,040 |
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Maturities of operating lease liabilities were as follows as of December 31, 2025: | | | | | | | | | | Amount | 2026 | | $ | 1,323,468 | 2027 | | | 1,101,590 | 2028 | | | 753,945 | 2029 | | | 649,382 | 2030 | | | 50,673 | Thereafter | | | — | | | | | Total lease payments | | $ | 3,879,058 | Less: imputed interest | | | (964,452) | Total lease obligations | | | 2,914,606 | Less: current obligations | | | (982,996) | Long-term lease obligations | | $ | 1,931,610 |
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| Schedule of maturities of finance lease liabilities |
| | | | | | | | | | Amount | 2026 (remaining) | | $ | 32,926 | 2027 | | | 58,779 | 2028 | | | 53,379 | 2029 | | | 1,451 | Total lease payments | | $ | 146,535 | Less: imputed interest | | | (12,691) | Total lease obligations | | | 133,844 | Less: current obligations | | | (53,756) | Long-term obligations | | $ | 80,088 |
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Maturities of finance lease liabilities were as follows as of December 31, 2025: | | | | | | | | | | Amount | 2026 | | $ | 63,760 | 2027 | | | 53,656 | 2028 | | | 48,257 | 2029 | | | — | | | | | Total lease payments | | $ | 165,673 | Less: imputed interest | | | (19,417) | Total lease obligations | | | 146,256 | Less: current obligations | | | (51,401) | Long-term obligations | | $ | 94,855 |
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