v3.25.2
Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 2025
Commitments And Contingencies Disclosure Abstract  
Summary of lease expense

The components of lease expense were as follows:

 

 

 

 

 

 

 

 

 

 

 

June 30,

2025

 

 

June 30,

2024

 

 

 

 

 

 

 

 

Operating lease costs

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of right-of-use operating lease asset

 

$42,108

 

 

$42,108

 

Lease liability expense in connection with obligation repayment

 

 

10,986

 

 

$13,933

 

Total operating lease costs

 

$53,094

 

 

$56,041

 

 

 

 

 

 

 

 

 

 

Supplemental cash flow information related to operating leases was as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating cash outflows from operating lease (obligation payment)

 

$51,581

 

 

$48,848

 

Right-of-use asset obtained in exchange for new operating lease liability

 

$-

 

 

$-

 

Summary of future minimum lease payments

2025 ( 6 Months)

 

$52,080

 

2026

 

 

107,020

 

2027

 

 

110,228

 

2028

 

 

9,208

 

Total undiscounted cash flows

 

 

278,536

 

Less: amount representing interest

 

 

(27,962)

Present value of operating lease liability

 

 

250,574

 

Less: current portion of operating lease liability

 

 

88,585

 

Long-term operating lease liability

 

$161,989

 

Summary of operating lease assets and liabilities

 

 

June 30,

2025

 

 

December 31,

2024

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating lease - right-of-use asset - non-current

 

$217,558

 

 

$259,666

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating lease liability

 

$250,574

 

 

$291,169

 

 

 

 

 

 

 

 

 

 

Weighted-average remaining lease term (years)

 

 

2.59

 

 

 

3.08

 

 

 

 

 

 

 

 

 

 

Weighted-average discount rate

 

 

8.00%

 

 

8.00%