Company: LDWY
Filing Date: 2025-08-28
Form Type: 10-KT
Source: 0001558370-25-011807
Chunk: 74

Company: LENDWAY, INC.
Filing Date: 2025-08-28
Form: 10-KT
Chunk 74
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 2025 and December 31, 2024, respectively. In the six months ended June 30, 2025 and calendar year 2024, the Company incurred $ 140,000and $ 69,000, respectively, of interest that is included in noncash paid in kind interest expense on the consolidated statement of cash flows. Subsequent to the end of the transition period, in July 2025, the Company made principal only payments of $ 1,200,000to Air T on the above note bringing the outstanding principal balance to $ 2,150,000. 13. Leases. The Company is party to leasing contracts in which the Company is the lessee. These lease contracts are classified as either operating or finance leases. The Company’s lease contracts include land, buildings, and equipment. Remaining lease terms range from 1to 15 yearswith various term extension options available. The Company includes optional extension periods and early termination options in its lease term if it is reasonably likely that the Company will exercise an option to extend or terminate early. ROU assets and lease liabilities are recognized based on the present value of lease payments over the lease term, at the later of the commencement date or business combination date. Because most of the Company’s leases do not provide an implicit rate of return, the discount rate is based on the collateralized borrowing rate of the Company, on a portfolio basis. As of June 30, 2025, December 31, 2024 and 2023, the Company leased space from a related party under a non-cancelable operating lease for its corporate headquarters. The lease has monthly payments of $ 375through September 30, 2025. The lease does not include a renewal option.

<div align='center'>F-24</div>

The weighted average remaining lease term and weighted average discount rate is as follows at:

| ​                                             
 ​                                             | ​ |             ​ 
 June 30, 2025 | ​ |                 ​ 
 December 31, 2024 | ​ |
|:----------------------------------------------|:--|--------------:|:--|------------------:|:--|
| Weighted average remaining lease term (years) |   |             ​ |   |                 ​ | ​ |
| Finance leases                                |   |           5.8 | ​ |               4.2 | ​ |
| Operating leases                              |   |          13.4 | ​ |              13.9 | ​ |
| Weighted