Quarterly report [Sections 13 or 15(d)]

Leases (Tables)

v3.26.1
Leases (Tables)
 3 Months Ended
Mar. 31, 2026
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 unaudited condensed consolidated statements of operations:
Three months ended
March 31,
2026 2025
Fixed lease expense $ 103,329  $ 122,318 
Variable lease expense 14,873  72,194 
Total operating lease expense 118,202  194,512 
Short-term lease expense 7,650  7,857 
Total lease expense $ 125,852  $ 202,369 
Schedule of Right-of-Use Assets and Lease Liabilities
The following table presents the balance and classifications of the Company’s right-of-use assets and lease liabilities included in the unaudited condensed consolidated balance sheets:
March 31,
2026		 December 31,
2025
Operating lease right-of-use assets, net $ 467,140  $ 559,005 
Current portion of operating lease liabilities 446,572  434,200 
Long-term operating lease liabilities 87,925  203,547 
Total operating lease liabilities $ 534,497  $ 637,747 
Schedule of Lease Maturities
The following table presents the Company’s maturities of lease liabilities as of March 31, 2026:
2026 (excluding the 3 months ended March 31, 2026) $ 309,986 
2027 310,855 
2028 3,477 
2029 3,477 
2030 2,897 
Total lease payments 630,692 
Total present value discount (96,195)
Operating lease liabilities $ 534,497