v3.26.1
Leases (Tables)
12 Months Ended
Dec. 31, 2025
Lessee Disclosure [Abstract]  
Summary of Components of Lease Expense

The components of lease expense were as follows:

 

 

 

For the Year Ended

 

 

 

December 31,

 

 

 

2025

 

 

2024

 

Right-of-Use lease cost:

 

 

 

 

 

 

Amortization of right-of-use asset related to continuing operations

 

$

123,721

 

 

$

114,281

 

Schedule of Supplemental Balance Sheet Information

Supplemental balance sheet information related to leases was as follows:

 

 

 

 

 

 

 

 

 

 

December 31, 2025

 

 

December 31, 2024

 

Operating lease:

 

 

 

 

 

 

Operating lease assets

 

$

76,971

 

 

$

200,710

 

 

 

 

 

 

 

 

Current portion of operating lease liability

 

$

78,171

 

 

$

125,987

 

Current portion of operating lease liability related to discontinued assets

 

 

346,861

 

 

$

2,473,115

 

Noncurrent operating lease liability

 

 

-

 

 

 

79,575

 

Noncurrent operating lease liability related to discontinued operations

 

 

-

 

 

 

15,113,554

 

Total operating lease liability

 

$

425,032

 

 

$

17,792,231

 

 

 

 

 

 

 

 

Weighted average remaining lease term:

 

 

 

 

 

 

Operating leases (in years)

 

 

0.6

 

 

 

4.8

 

Weighted average discount rate:

 

 

 

 

 

 

Operating lease

 

 

8.00

%

 

 

10.25

%

Summary of Supplemental Cash Flow and Other Information

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

 

 

 

For the Year Ended

 

 

 

December 31,

 

 

 

2025

 

 

2024

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

Operating cash flows used for operating leases - continuing operations

 

$

142,326

 

 

$

133,282

 

Operating cash flows used for operating leases - discontinued operations

 

 

2,656,231

 

 

 

1,420,471

 

 

 

 

 

 

 

 

Schedule of Future Minimum Lease Payments

The future minimum lease payments due under operating leases as of December 31, 2025 is as follows:

 

Fiscal Year Ending

 

Minimum Lease

 

December 31,

 

Commitments

 

2026

 

$

432,159

 

Total

 

$

432,159

 

Less effects of discounting

 

 

(7,127

)

Lease liability recognized

 

$

425,032