LEASES (DISCONTINUED OPERATIONS) |
3 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Leases | |
| LEASES (DISCONTINUED OPERATIONS) | NOTE 6 - LEASES (DISCONTINUED OPERATIONS)
Rotmans leased equipment, a showroom, offices and warehouse facility. These leases expired at various dates through 2031 and had monthly base rents which ranged from $800 to $84,000. With the winding up of operations in 2023, Rotmans terminated its delivery leases and returned the right-of-use assets to the lessor. A settlement liability of $25,000 is owed to a third-party at March 31, 2026 and December 31, 2025.
There is one operating lease obligation remaining as of March 31, 2026,which is in arrears, totaling $219,201.
As of March 31, 2026, the Company does not have additional operating and finance leases that have not yet commenced.
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