v3.25.1
Leases
3 Months Ended
Mar. 31, 2025
Leases  
Leases

 

(8) Leases

 

The Company has a non-cancelable operating lease for office space and laboratory facilities in Salt Lake City, Utah. The term of the lease has been extended through February 28, 2026.

 

Future minimum lease payments under the non-cancelable operating lease as of March 31, 2025 are:

 

   Operating 
   Lease 
      
2025  $282,959 
2026   62,880 
      
Total minimum lease payments  $345,839 

 

The Company’s rent expense was $93,000 and $90,000 for the three months ended March 31, 2025 and 2024, respectively.