The Company accounts for its leases in accordance with ASC 842, Leases. The Company determines whether a contract is, or contains, a lease at inception. Operating lease right-of-use (“ROU”) assets and liabilities are recognized at the lease commencement date based on the present value of lease payments over the lease term. ROU assets represent the Company’s right to use an underlying asset during the lease term, and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. At December 31, 2025 and 2024, the Company had no long term leases.

During the years ended December 31, 2025 and 2024, the Company rented certain spaces on a month-to-month basis, and rent expense was $17,000 and $15,800, respectively.