v3.25.2
COMMITMENTS AND CONTINGENCIES (Tables)
12 Months Ended
Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]  
Summary of Lease Cost

 

 

Year ended December 31,

 

 

 

2024

 

 

2023

 

Operating lease cost

 

$

411,751

 

 

$

352,080

 

Summary of Cash Flow Transactions Arising from Lease Transaction

During the years ended December 31, 2024 and 2023, the Company recognized the following lease costs arising from the lease transaction:

 

 

Year ended December 31,

 

 

 

2024

 

 

2023

 

Cash paid for amounts included in the measurement of lease liabilities

 

$

383,383

 

 

$

372,214

 

Right-of-use assets obtained in exchange for new operating lease liabilities

 

 

 

 

 

263,939

 

Summary of Future Payments and Interest Expense for Operating Lease

As of December 31, 2024, the future payments and interest expense for the operating lease are as follows:

Year Ending December 31,

 

Future Payments

 

2025

 

$

240,834

 

Total undiscounted cash flows

 

 

240,834

 

Less: imputed interest

 

 

(3,465

)

Present value of lease liabilities

 

$

237,369