| Lease Right-to-Use: We lease hangars and office space with initial lease terms of two, five, and fifty years. | | | | | | | July 31, 2026 | | Lease right-to-use assets | $ | 3,829 | | | Less accumulated depreciation | 710 | | | Total | $ | 3,119 | |
Future minimum lease payments for assets under finance leases at July 31, 2026 are as follows: | | | | | | | 2027 | $ | 279 | | | 2028 | 284 | | | 2029 | 275 | | | 2030 | 126 | | | 2031 | 128 | | | Thereafter | 12,419 | | | Total minimum lease payments | 13,511 | | | Less amount representing interest | 9,551 | | | Present value of net minimum lease payments | 3,960 | | | Less current maturities of lease liability | 135 | | | Lease liability, net of current maturities | $ | 3,825 | |
Finance lease costs at July 31, 2026 and July 31, 2025 are as follows: | | | | | | | | | | | | | July 31, 2026 | | July 31, 2025 | | Finance lease cost: | | | | | Amortization of right-of-use assets | $ | 50 | | | $ | 50 | | | Interest on lease liabilities | 55 | | | 56 | | | Total finance lease cost | $ | 105 | | | $ | 106 | |
| | | | | | | | | | | | | July 31, 2026 | | July 31, 2025 | | Weighted average remaining lease term - Financing leases (in years) | 38 | | 38 | | Weighted average discount rate - Financing leases | 5.8 | % | | 5.9 | % |
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