v3.25.2
Leases
 6 Months Ended
Jun. 30, 2025
Leases [Abstract]  
Leases Leases
The Company leases its operating facilities in Novato, California, under a non-cancelable operating lease through May 31, 2027. There are no options or rights to extend the term of this lease.
The following table reflects the Company’s ROU assets and lease liabilities as of June 30, 2025 and December 31, 2024:
June 30, 2025December 31, 2024
Assets:
Operating lease ROU assets, net$758,099 $935,246 
Liabilities:
Operating lease liabilities, current$429,350 $405,678 
Operating lease liabilities437,411 656,955 
$866,761 $1,062,633 
The following table presents supplemental cash flow information related to the Company’s operating leases:
Three Months Ended
June 30,		Six Months Ended
June 30,
2025
2024
20242023
Operating cash flows from operating leases$118,164 $114,722 $235,157 $228,308 

As of June 30, 2025, the maturity of operating lease liabilities was as follows:
Year ending December 31:
2025 (remaining)$241,006 
2026490,449 
2027206,864 
Total payments938,319 
Less: Interest(71,558)
Present value of obligations$866,761 

The operating lease expense for the three months ended June 30, 2025 and 2024 was $113,970 and $113,748, respectively, of which $5,754 and $5,532, respectively, were related to leases with a term of less than 12 months. The operating lease expense for the six months ended June 30, 2025 and 2024 was $227,718 and $227,283, respectively, of which $11,286 and $10,851, respectively, were related to leases with a term of less than 12 months.
As of June 30, 2025, the weighted-average remaining lease term was 1.9 years. The weighted-average discount rate was 8% for the three and six months ended June 30, 2025 and 2024. As of June 30, 2024, the weighted-average remaining lease term was 2.9 years and the weighted-average discount rate was 8%.