On June 30, 2024, Georgla-Atlantic, Incorporated leased warehouse equipment from IC Leasing Corporation. The lease agreement calls for Georgia-Atlantic to make semiannual lease payments of $468,683 over a five-year lease term, payable each June 30 and December 31, with the first payment on June 30, 2024. Georgla-Atlantic's Incremental borrowing rate is 10%, the same rate IC uses to calculate lease payment amounts. Amortization is recorded on a straight-line basis at the end of each fiscal year. The fair value of the equipment is $3.80 million.

On June 30, 2024, Georgla-Atlantic, Incorporated leased warehouse equipment from ic Leasing corporation. The lease agreement calls for Georgla-Atlantic to make semiannual lease payments of $468,683 over a five-year lease term, payable each June 30 and December 31, with the first payment on June 30,2024. Georgia-Avantic's incremental borrowing rate is 10%, the same rate ic uses to calculate lease payment amounts. Amortization is recorded on a straight-tine bas/s at the end of each fiscal year. The fair value of the equipment is $3.80 milion. On June 30, 2024, Georgla-Atlantic, Incorporated leased warehouse equipment from ic Leasing corporation. The lease agreement calls for Georgla-Atlantic to make semiannual lease payments of $468,683 over a five-year lease term, payable each June 30 and December 31, with the first payment on June 30,2024. Georgia-Avantic's incremental borrowing rate is 10%, the same rate ic uses to calculate lease payment amounts. Amortization is recorded on a straight-tine bas/s at the end of each fiscal year. The fair value of the equipment is $3.80 milion