v3.26.1
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.