Lease

12 Months Ended

Dec. 31, 2025

Note 9 – Lease

The Company has various operating lease agreements primarily related to real estate and office space. The Company’s real estate leases represent a majority of the lease liability. Lease payments are mainly fixed. Any variable lease payments, including utilities, and common area maintenance are expensed during the period incurred. Variable lease costs were immaterial for the year ended December 31, 2025 and 2024. A majority of the real estate leases include options to extend the lease. Management reviews all options to extend at the inception of the lease and account for these options when they are reasonably certain of being exercised.

Operating lease expense is recognized on a straight-line basis over the lease term and is included in operating expense on the Company’s condensed consolidated statement of operations and comprehensive loss. Operating lease cost was $322,020 and $360,409 during the twelve-month period ended December 31, 2025 and 2024, respectively.

The following table sets for the maturities of our operating lease liabilities and reconciles the respective undiscounted payments to the operating lease liabilities in the consolidated balance sheet at December 31, 2024.


Undiscounted Future Minimum Lease Payments	Operating Lease

2026		52,703
2027		2,976
Total		55,679
Amount representing imputed interest		(1,983	)
Total operating lease liability		53,696
Current portion of operating lease liability		(50,720	)
Operating lease liability, non-current	$	2,976

The table below presents information for lease costs related to our operating leases at December 31, 2025:

Schedule of lease costs
Operating lease cost:
Amortization of leased assets	$	308,968
Interest of lease liabilities		13,052
Total operating lease cost	$	322,020

The table below presents lease- related terms and discount rates at December 31, 2025:



Remaining term on leases	10.75 months
Incremental borrowing rate	4.17	%