v3.25.2
Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 2025
Commitments and Contingencies [Abstract]  
Schedule of Lease Costs

The table below presents certain information related to the lease costs for the Company’s operating lease for the six months ended June 30, 2025:

 

Operating lease expense  $41,061 
Short-term lease expense   
 
Total lease cost  $41,061 

Right-of-use lease assets and lease liabilities for the Company’s operating lease as of June 30, 2025 were recorded in the balance sheet as follows:

 

Assets    
Operating lease right-of-use assets  $299,001 
Total lease assets  $299,001 
      
Liabilities     
Current liabilities:     
Operating lease liability – current portion  $46,982 
Non-current liabilities:     
Operating lease liability – net of current portion   240,903 
Total lease liability  $287,885 

The table below presents certain information related to the weighted average remaining lease term and the weighted average discount rate for the Company’s operating lease as of June 30, 2025:

 

Weighted average remaining lease term (in years) – operating lease   4.33 
Weighted average discount rate – operating lease   8.00%

Supplemental cash flow information related to the operating lease for the six months ended June 30, 2025 was as follows:

 

Non-cash operating lease expense (operating cash flow)  $28,976 
Change in operating lease liabilities (operating cash flow)  $(24,282)
Schedule of Future Lease Payments

Future lease payments included in the measurement of lease liabilities on the balance sheet are as follows:

 

2025 (excluding the six months ended June 30, 2025)  $30,306 
2026   76,372 
2027   80,190 
2028   84,200 
Thereafter   73,675 
Total future minimum lease payments   344,743 
Less effect of discounting   (56,858)
Present value of future minimum lease payments  $287,885