| Schedule of Lease Cost |
| Lease cost | | March 31,
2025 | | | March 31,
2024 | | | Operating lease cost (included in Cost of Revenue and Other Expense in the Company’s Statement of Operations) | | $ | 121,945 | | | $ | 63,133 | | | Other information | | | | | | | | | | Cash paid for amounts included in the measurement of lease liabilities | | | 26,487 | | | | 34,845 | | | Weighted average remaining term in years | | | 1.92 | | | | 1.20 | | | Average discount rate – operating leases | | | 6.98 | % | | | 6.84 | % |
The supplemental balance sheet information
related to leases for the period is as follows:
| | |
As of
March 31,
2025 | | |
As of
December 31,
2024 | |
| Operating leases | |
| | |
| |
| Right of use asset | |
| 356,489 | | |
| 470,716 | |
| Lease Liability – current portion | |
| 279,689 | | |
| 262,380 | |
| Lease Liability – net of current portion | |
| 175,637 | | |
| 205,602 | |
| Total operating lease liabilities | |
$ | 455,326 | | |
$ | 467,982 | |
|
| Lease cost | | December 31,
2024 | | | December 31,
2023 | | | Operating lease cost (included in Cost of Revenue and Other Expense in the Company’s Statement of Operations) | | $ | 409,453 | | | $ | 414,370 | | | Other information | | | | | | | | | | Cash paid for amounts included in the measurement of lease liabilities | | | 426,454 | | | | 442,252 | | | Weighted average remaining term in years | | | 2.04 | | | | 1.45 | | | Average discount rate – operating leases | | | 7.14 | % | | | 6.81 | % |
The supplemental balance sheet information related
to leases for the period is as follows:
| | |
As of
December 31,
2024 | | |
As of
December 31,
2023 | |
| Operating leases | |
| | |
| |
| Right of use asset | |
| 470,716 | | |
| 503,089 | |
| Lease Liability – current portion | |
| 262,380 | | |
| 359,459 | |
| Lease Liability – net of current portion | |
| 205,602 | | |
| 157,897 | |
| Total operating lease liabilities | |
$ | 467,982 | | |
$ | 517,356 | |
|
| Schedule of Maturities of the Company’s Lease Liabilities |
Maturities of the Company’s lease liabilities
are as follows:
| Twelve months ended March 31, | |
Operating
Lease | |
| 2026 | |
$ | 297,686 | |
| 2027 | |
| 137,135 | |
| 2028 | |
| 37,881 | |
| 2029 | |
| 12,014 | |
| Less: Imputed interest/present value discount | |
| (29,390 | ) |
| Present value of lease liabilities | |
$ | 455,326 | |
|
Maturities of the Company’s lease liabilities
are as follows:
| Twelve months ended September 30, | |
Operating
Lease | |
| 2025 | |
$ | 286,176 | |
| 2026 | |
| 136,344 | |
| 2027 | |
| 65,022 | |
| Thereafter | |
| 19,223 | |
| Less: Imputed interest/present value discount | |
| (38,783 | ) |
| Present value of lease liabilities | |
$ | 467,982 | |
|