Operating Leases:

9 Months Ended

Sep. 24, 2022

Operating Leases:

Operating Leases:

10. Operating Leases:

As of September 24, 2022, the Company leases its Minnesota corporate headquarters in a facility with an operating lease that expires in December 2029. The remaining lease term for this lease is 7.25 years and the discount rate is 5.5%. The Company recognized $910,500 and $879,200 of rent expense for the periods ended September 24, 2022 and September 25, 2021, respectively.

Maturities of operating lease liabilities is as follows for the remainder of fiscal 2022 and full fiscal years thereafter as of September 24, 2022:

Operating Lease Liabilities expected to be recognized in	Amount
2022	$	189,100
2023		763,300
2024		784,400
2025		806,000
2026		828,200
Thereafter		2,624,300
Total lease payments		5,995,300
Less imputed interest		(1,048,400)
Present value of lease liabilities	$	4,946,900

Of the $4.9 million operating lease liability outstanding at September 24, 2022, $0.5 million is included in Accrued liabilities in the Current liabilities section of the Consolidated Condensed Balance Sheets.

Supplemental cash flow information related to our operating leases is as follows for the period ended September 24, 2022:

	Nine Months Ended
	September 24, 2022		September 25, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flow outflow from operating leases	$	553,900	$	539,100