Annual report [Section 13 and 15(d), not S-K Item 405]

Leases (Tables)

v3.26.1
Leases (Tables)
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Schedule of Operating Lease Expense
The following table presents the Company’s lease costs which are included in general and administrative expenses in the consolidated statements of operations:
Years ended December 31,
2025 2024
Fixed lease expense $ 474,527  $ 518,462 
Variable lease expense $ 232,061  311,719 
Total operating lease expense 706,588  830,181 
Short-term lease expense 118,103  41,258 
Total lease expense $824,691 $871,439
Schedule of Right-of-Use Assets and Lease Liabilities
The following table presents the balances of the Company’s right-of-use assets and lease liabilities included in the consolidated balance sheets:
Years ended December 31,
2025 2024
Operating lease right-of-use assets, net $ 559,005  $ 1,094,743 
Current portion of operating lease liabilities 434,200  435,307 
Long-term operating lease liabilities 203,547  768,939 
Total operating lease liabilities $ 637,747  $ 1,204,246 
Schedule of Lease Maturities
The following table presents the Company's maturities of lease liabilities as of December 31, 2025:
Years Ending December 31, Operating
Leases
2026 $ 413,315 
2027 310,855 
2028 3,477 
2029 3,477 
2030 2,897 
Total lease payments 734,021 
Total present value discount (96,274)
Operating lease liabilities $ 637,747