Quarterly report [Sections 13 or 15(d)]

Leases (Tables)

v3.25.3
Leases (Tables)
 9 Months Ended
Sep. 30, 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 unaudited condensed consolidated statements of operations:
Three months ended
September 30,		 Nine months ended September 30,
2025 2024 2025 2024
Fixed lease expense $ 120,928  $ 129,510  $ 365,564  $ 388,953 
Variable lease expense 55,135  47,353  181,410  261,624 
Total operating lease expense 176,063  176,863  546,974  650,577 
Short-term lease expense 7,650  6,915  54,886  34,343 
Total lease expense $ 183,713  $ 183,778  $ 601,860  $ 684,920 
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:
September 30,
2025		 December 31,
2024
Operating lease right-of-use assets, net $ 800,419  $ 1,094,743 
Current portion of operating lease liabilities 472,543  435,307 
Long-term operating lease liabilities 409,438  768,939 
Total operating lease liabilities $ 881,981  $ 1,204,246 
Schedule of Lease Maturities
The following table presents the Company’s maturities of lease liabilities as of September 30, 2025:
2025 (excluding the nine months ended September 30, 2025) $ 131,609 
2026 535,267 
2027 268,072 
2028 25,387 
Total lease payments 960,335 
Total present value discount (78,354)
Operating lease liabilities $ 881,981