Quarterly report [Sections 13 or 15(d)]

Leases (Tables)

v3.26.1
Leases (Tables)
 6 Months Ended
Jun. 30, 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
June 30,		 Six months ended June 30,
2026 2025 2026 2025
Fixed lease expense $ 103,329  $ 122,318  $ 206,658  $ 244,636 
Variable lease expense 44,460  54,081  59,332  126,275 
Total operating lease expense 147,789  176,399  265,990  370,911 
Short-term lease expense 7,650  39,379  15,300  47,236 
Total lease expense $ 155,439  $ 215,778  $ 281,290  $ 418,147 
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:
June 30,
2026		 December 31,
2025
Operating lease right-of-use assets, net $ 373,183  $ 559,005 
Current portion of operating lease liabilities 418,606  434,200 
Long-term operating lease liabilities 9,364  203,547 
Total operating lease liabilities $ 427,970  $ 637,747 
Schedule of Lease Maturities
The following table presents the Company’s maturities of lease liabilities as of June 30, 2026:
2026 (excluding the 6 months ended June 30, 2026) $ 206,658 
2027 310,855 
2028 3,477 
2029 3,477 
2030 2,897 
Total lease payments 527,364 
Total present value discount (99,394)
Operating lease liabilities $ 427,970