COMMITMENTS AND CONTINGENCIES (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
|---|
| Schedule of future minimum lease payments due under the operating lease |
| Schedule of future minimum lease payments due under the operating lease | |
| |
| Calendar year: | |
Amount | |
| 2026 | |
$ | 53,000 | |
| 2027 | |
| 60,000 | |
| 2028 | |
| 60,000 | |
| 2029 | |
| 60,000 | |
| Thereafter | |
| 341,000 | |
| Total undiscounted future minimum lease payments | |
| 574,000 | |
| Less: Impact of discounting | |
| (209,543 | ) |
| Total present value of operating lease obligations | |
| 364,457 | |
| Current portion | |
| (53,000 | ) |
| Operating lease obligations, less current portion | |
$ | 311,457 | |
| Weighted average discount rate | |
| 10.0 | % |
| Weighted average remaining lease term | |
| 9.6 years | |
|
| Schedule of lease accounting |
| Schedule of lease accounting | |
| |
| | |
December 31,
2025 | |
| Lease Cost: | |
| | |
| Operating lease cost | |
$ | 18,396 | |
| Cash outflow | |
$ | 11,500 | |
|
| Operating Lease Obligations [Member] |
|
| Schedule of supplemental information related to MLA |
| Schedule of supplemental information related to leases | |
| | |
| |
| | |
December 31, | |
| | |
2025 | | |
2024 | |
| Lease cost: | |
| | | |
| | |
| Operating lease cost | |
$ | 781,638 | | |
$ | 781,638 | |
| Short-term lease cost | |
$ | 21,788 | | |
$ | 21,909 | |
| | |
| | | |
| | |
| Other information: | |
| | | |
| | |
| Operating cash outflow used for operating leases | |
$ | 798,556 | | |
$ | 779,087 | |
| Weighted average discount rate | |
| 9.0 | % | |
| 9.0 | % |
| Weighted average remaining lease term | |
| 6.5 years | | |
| 7.5 years | |
|
| Schedule of future minimum lease payments due under the operating lease |
| Schedule of future minimum lease payments due under the operating lease | |
| |
| | |
Amount | |
| Calendar year: | |
| | |
| 2026 | |
$ | 818,518 | |
| 2027 | |
| 838,984 | |
| 2028 | |
| 859,856 | |
| 2029 | |
| 880,357 | |
| Thereafter | |
| 2,303,214 | |
| Total undiscounted
future minimum lease payments | |
| 5,700,929 | |
| Less: Impact of discounting | |
| (1,429,929 | ) |
| Total present value of operating lease obligations | |
| 4,271,000 | |
| Current portion | |
| (818,519 | ) |
| Operating lease obligations, less current
portion | |
$ | 3,452,481 | |
|
| Master Lease Agreement [Member] |
|
| Schedule of supplemental information related to MLA |
| Schedule of supplemental information related to MLA | |
| | |
| |
| | |
December 31, | |
| | |
2025 | | |
2024 | |
| Lease cost: | |
| | | |
| | |
| Master Lease Agreement cost | |
$ | 242,026 | | |
$ | 3,900 | |
| Short-term lease cost | |
$ | — | | |
$ | 367,451 | |
| | |
| | | |
| | |
| Other information: | |
| | | |
| | |
| Operating cash outflow used for finance leases | |
$ | 2,253,563 | | |
$ | 3,900 | |
| Weighted average discount rate | |
| — | | |
| 8.63 | % |
| Weighted average remaining lease term | |
| — | | |
| 5.4 years | |
|