Note 9 – Operating Leases

As of July 31, 2022, the Company had operating type leases for real estate and no finance type leases. The Company’s leases have remaining lease terms of up to 4.83 years, some of which may include options to extend for up to 5 years. Operating lease expense totaled $121,506 for the three months ended July 31, 2022, including period cost for short-term, cancellable and variable leases, not included in lease liabilities, of $7,946 for the three months ended July 31, 2022.

Supplemental information related to operating leases for the three months ended July 31, 2022 was: 

Future lease payments at July 31, 2022 were as follows: