Bluejay Diagnostics, Inc. Leases Disclosure
9. LEASES
The Company primarily enters into lease arrangements for office, laboratory space, and copiers. A summary of supplemental lease information is as follows:
| December 31, | ||||||||
| 2025 | 2024 | |||||||
| Weighted average remaining lease term - operating leases (in years) | 1.2 | 2.1 | ||||||
| Weighted average remaining lease term - finance leases (in years) | 2.1 | 3.1 | ||||||
| Weighted average discount rate – operating leases | 7.0 | % | 7.0 | % | ||||
| Weighted average discount rate – finance leases | 7.0 | % | 7.0 | % | ||||
| Operating cash flows from operating leases | $ | 113,259 | $ | 177,081 | ||||
| Operating cash flows from finance leases | $ | 780 | $ | 1,053 | ||||
A summary of the Company’s lease assets and liabilities are as follows:
| December 31, | ||||||||
| 2025 | 2024 | |||||||
| Operating lease right-of-use asset | $ | 113,289 | $ | 209,788 | ||||
| Finance leases in Property and Equipment | 5,689 | 10,421 | ||||||
| Total lease assets | $ | 118,978 | $ | 220,209 | ||||
| Current portion of operating lease liability | $ | 100,000 | $ | 113,260 | ||||
| 4,807 | 4,807 | |||||||
| Noncurrent operating lease liabilities | 20,211 | 108,989 | ||||||
| 4,540 | 8,567 | |||||||
| Total lease liabilities | $ | 129,558 | $ | 235,623 | ||||
The following table reconciles the undiscounted lease liabilities to the total lease liabilities recognized on the consolidated balance sheet as of December 31, 2025:
| Year | Operating Lease | Finance Lease | ||||||
| 2026 | $ | 100,000 | $ | 4,807 | ||||
| 2027 | 25,000 | 4,807 | ||||||
| 2027 | 400 | |||||||
| Total future lease payments | 125,000 | 10,014 | ||||||
| Less: Imputed interest | 4,789 | 667 | ||||||
| Present value of lease liability | $ | 120,211 | $ | 9,347 | ||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 6, 2026 | Showing above |
| 2024 | Mar 31, 2025 | |
| 2023 | Mar 28, 2024 | |
| 2022 | Mar 20, 2023 | |
About Leases Disclosures
Lease disclosures under ASC 842 provide a comprehensive view of a company's leased asset portfolio, including the split between operating and finance leases, discount rates used to present-value future payments, and the maturity schedule of lease obligations. This section reveals a significant source of off-balance-sheet commitments that were largely hidden before the current standard.
Key signals: the weighted-average discount rate affects the size of recorded lease liabilities — a higher rate reduces the reported obligation, so compare the chosen rate against the company's incremental borrowing rate. The operating versus finance lease mix affects both EBITDA and operating income presentation. Watch the maturity table for concentration risk: large payment cliffs in specific years may create cash flow pressure. Variable lease payments excluded from the liability measurement represent real obligations that do not appear on the balance sheet. Compare total lease costs against prior-year operating lease expense to assess the true economic burden.