v3.25.1
Leases (Tables)
3 Months Ended
Mar. 31, 2025
Leases [Abstract]  
Schedule of Minimum Lease Payments Operating Lease Liability

As of March 31, 2025, the expected annual minimum lease payments of the Company’s operating lease liability were as follows:

 

Fiscal year

 

Operating Lease

 

2025 (April - December) 1

 

$

44,846

 

2026

 

 

103,725

 

2027

 

 

107,375

 

2028

 

 

111,025

 

2029

 

 

114,675

 

Thereafter

 

 

68,896

 

Total undiscounted minimum lease payments

 

 

550,542

 

Less: Present value discount

 

 

(120,732

)

Lease liability

 

$

429,810

 

 

 

 

 

Discount rate - operating lease

 

 

8.5

%

1. Includes base rent abatement for a period of six months