Leases

6 Months Ended

Oct. 31, 2025

Note 5 – Leases

The Company’s operating and finance right-of-use assets and lease liabilities are as follows:

Schedule of Lease Cost

	Successor		Predecessor
	October 31,		April 30,
	2025		2025
Operating lease right-of-use asset	$	1,821,417	$	1,890,013
Operating lease liability, current	$	671,520	$	528,914
Operating lease liability, long-term	$	1,187,373	$	1,374,639

Successor

Predecessor

Period from June 7 through
October 31, 2025

Period from May 1 through

June 6, 2025

Six Months Ended October 31, 2024

Cash paid for operating lease

260,496

91,749

333,881

Future annual minimum lease payments under non-cancellable operating leases as of October 31, 2025, were as follows:

As of October 31, 2025	Successor
	October 31,
Years ended April 30,	2025
2026 (excluding the six months ended October 31, 2025)	$	395,700
2027		710,746
2028		486,199
2029		306,056
2030		165,044
Thereafter		200,314
Total minimum lease payments		2,264,059
Less imputed interest		(453,407	)
Present value of minimum lease payments	$	1,810,652

Other information related to leases were as follows:

	Successor			Predecessor
	October 31,			April 30,
	2025			2024
Weighted-average remaining lease term (in years)		3.76			4.13
Weighted-average discount rate		6.1	%		6.3	%

CEA Industries Inc. 10-Q