| Schedule of Lease Costs |
The Company recorded the following lease costs:
| | |
For the
three months ended March 31,
2025
(Successor) | | |
For the
period from
February 14,
2024 through
March 31, 2024
(Successor) | | |
For the
period from
January 1,
2024 through
February 13,
2024
(Predecessor) | |
| Operating leases: | |
| | |
| | |
| |
| Operating lease cost | |
$ | 229,331 | | |
$ | 76,444 | | |
$ | 152,887 | |
| Variable operating lease cost | |
| 187,730 | | |
| 58,185 | | |
| 116,371 | |
| Total lease cost | |
$ | 417,061 | | |
$ | 134,629 | | |
$ | 269,258 | |
The right-of-use asset, net
for the operating lease was recorded in the consolidated balance sheets as follows:
| | |
March 31, | | |
December 31, | |
| | |
2025 | | |
2024 | |
| | |
(Successor) | | |
(Successor) | |
| Right-of-use assets, net | |
$ | 1,271,186 | | |
$ | 1,464,367 | |
The operating lease liability
for the operating lease was recorded in the consolidated balance sheets as follows:
| | | March 31, | | | December 31, | | | | | 2025 | | | 2024 | | | | | (Successor) | | | (Successor) | | | Operating lease liabilities, current | | $ | 905,005 | | | $ | 876,392 | | | Operating lease liabilities, non-current | | | 461,580 | | | | 699,107 | | | Total operating lease liabilities | | $ | 1,366,585 | | | $ | 1,575,499 | | | | | | | | | | | | | Weighted-average remaining lease term of operating leases (in years) | | | 1.50 | | | | 1.75 | | | Weighted-average discount rate for operating leases | | | 9.60 | % | | | 9.60 | % |
|
The Company recorded the following lease costs:
| | |
For the
period from
February 14,
2024 through
December 31,
2024
(Successor) | | |
For the
period from
January 1,
2024 through
February 13,
2024
(Predecessor) | | |
For the year ended
December 31,
2023
(Predecessor) | |
| Operating leases: | |
| | |
| | |
| |
| Operating lease cost | |
$ | 762,057 | | |
$ | 152,887 | | |
$ | 930,913 | |
| Variable operating lease cost | |
| 581,860 | | |
| 116,371 | | |
| 637,016 | |
| Total lease cost | |
$ | 1,343,917 | | |
$ | 269,258 | | |
$ | 1,567,929 | |
The right-of-use asset, net for the operating lease was recorded in
the consolidated balance sheets as follows:
| | |
December 31, | | |
December 31, | |
| | |
2024 | | |
2023 | |
| | |
(Successor) | | |
(Predecessor) | |
| Right-of-use assets, net | |
$ | 1,464,367 | | |
$ | 2,189,565 | |
The operating lease liability for the operating lease was recorded
in the consolidated balance sheets as follows:
| | | December 31, | | | December 31, | | | | | 2024 | | | 2023 | | | | | (Successor) | | | (Predecessor) | | | Operating lease liabilities, current | | $ | 876,392 | | | $ | 769,092 | | | Operating lease liabilities, non-current | | | 699,107 | | | | 1,575,499 | | | Total operating lease liabilities | | $ | 1,575,499 | | | $ | 2,344,591 | | | | | | | | | | | | | Weighted-average remaining lease term of operating leases (in years) | | | 1.75 | | | | 2.75 | | | Weighted-average discount rate for operating leases | | | 9.60 | % | | | 9.60 | % |
|
| Schedule of Maturity Lease Liabilities |
Maturity of the Company’s
lease liabilities as of March 31, 2025 is as follows:
| 2025 (remainder of year) | |
$ | 744,992 | |
| 2026 | |
| 726,394 | |
| Total lease payments | |
| 1,471,386 | |
| Less: imputed interest | |
| (104,801 | ) |
| Total lease liabilities | |
$ | 1,366,585 | |
|
Maturity of the Company’s lease liabilities as of December 31, 2024 is as follows:
| 2025 | |
$ | 990,055 | |
| 2026 | |
| 726,394 | |
| Total lease payments | |
| 1,716,449 | |
| Less: imputed interest | |
| (140,950 | ) |
| Total lease liabilities | |
$ | 1,575,499 | |
|