v3.25.1
Leases (Tables)
3 Months Ended
Mar. 31, 2025
Leases [Abstract]  
Schedule of Quantitative Information Regarding Company’s Leases

Quantitative information regarding the Company’s leases is as follows:

 

   Three Months Ended
March 31,
 
   2025   2024 
Lease expenses        
Operating lease expenses  $150,278   $150,278 
Short-term lease costs   15,000    
-
 
Variable and other lease costs   2,325    8,828 
Total lease cost  $167,603   $159,106 
Other information          
Cash paid for the amounts included in the measurement of lease liabilities for operating leases:          
Operating cash flows  $143,085   $138,235 
Weighted-average remaining lease term (in years):          
Operating leases   8.39    9.23 
Weighted-average discount rate:          
Operating leases   6.3%   6.3%
Schedule of Maturity Analysis Under the Lease Agreement

Maturity analysis under the lease agreement is as follows:

 

   Total 
2025  $432,276 
2026   535,720 
2027   492,318 
2028   508,885 
2029 and beyond   2,765,365 
    4,734,564 
Less: present value discount   (1,092,894)
Lease liability  $3,641,670