v3.25.2
Leases (Tables)
6 Months Ended
Jun. 30, 2025
Leases  
Schedule Right-of-use Asset

The Company’s right-of-use asset and lease liability as of June 30, 2025, and December 31, 2024, are as follows:

 

    June 30, 2025     December 31, 2024  
Right-of-use asset   $ 731,633     $ 595,415  
Current lease liability   $ 323,698     $ 246,535  
Long-term lease liability   $ 437,266     $ 368,472  
Schedule of Lease Cost

The following is a summary of the Company’s total lease costs during the six months ended June 30, 2025 and 2024:

 

   June 30, 2025   June 30, 2024 
Operating lease cost  $ 172,000   $252,000 
Schedule of Measurement of Lease Liabilities

The following is a summary of cash paid during the six months ended June 30, 2025 and 2024 for amounts included in the measurement of lease liabilities:

 

   June 30, 2025   June 30, 2024 
Operating cashflow  $173,000   $248,000 
Schedule of Future Minimum Annual Lease Payments

The following are future minimum annual lease payments as of June 30, 2025:

 

      
2025  $204,000 
2026   393,000 
2027   235,000 
2028   34,000 
Total future minimum lease payments   866,000 
Less: amount representing interest   (68,683)
Present value of future payments   797,317 
Current portion   323,698 
Long term portion  $437,266