INTELLINETICS, INC. Leases Disclosure
For each of the below listed leases, management has determined it will utilize the base rental period and have not considered any renewal periods.
| Location | Square Feet | Monthly Rent | Lease Expiry | |||||||
| Columbus, OH | 6,000 | $ | 5,400 | December 31, 2028 | ||||||
| Madison Heights, MI | 36,000 | $ | 45,828 | August 31, 2026 | ||||||
| Sterling Heights, MI | 37,000 | $ | 22,932 | April 30, 2028 | ||||||
| Traverse City, MI | 5,200 | $ | 5,400 | January 31, 2031 | ||||||
| Temporary space | ||||||||||
| Madison Heights, MI | 3,200 | $ | 1,605 | month to month | ||||||
| Vehicles and equipment | ||||||||||
| various | n/a | $ | 10,153 | April 30, 2029 | ||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 30, 2026 | Showing above |
| 2024 | Mar 24, 2025 | |
| 2023 | Mar 28, 2024 | |
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.