Note 7. Leases

Operating Leases

The Company’s principal executive office in Middleton Massachusetts is under a one year arrangement with a base rent of $990 per month running from November1, 2025 through October 31, 2026.

The Company has operating leases for corporate, business and technician offices. Leases with a probable term of 12 months or less, including month-to-month agreements, are not recorded on the consolidated balance sheets, unless the arrangement includes an option to purchase the underlying asset, or an option to renew the arrangement, that the Company is reasonably certain to exercise (short-term leases). The Company recognizes lease expense for these leases on a straight-line basis over the lease term. As a practical expedient, the Company elected, for all office and facility leases, not to separate non-lease components (common-area maintenance costs) from lease components (fixed payments including rent) and instead to account for each separate lease component and its associated non-lease components as a single lease component.

For the years ended December 31, 2025 and 2024, the components of lease expense were as follows:

As of December 31, 2025 and 2024, the Company has no additional operating leases, and no financing leases.