Note 11 – Operating Leases

As of July 31, 2023, 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 3.83 years, some of which may include options to extend for up to 5 years. Operating lease expense totaled $85,252 for the three months ended July 31, 2023, including period cost for short-term, cancellable, and variable leases, not included in lease liabilities, of $1,650 for the three months ended July 31, 2023.

Leases on which the Company made rent payments during the reporting period included:

Supplemental information related to operating leases for the three months ended July 31, 2023 was:

Future lease payments at July 31, 2023 were as follows: