v3.26.1
Commitments and Contingencies (Tables)
3 Months Ended
Mar. 31, 2026
Commitments And Contingencies Disclosure [Abstract]  
Schedule of Other information Related to Leases

Other information related to leases for the three month periods ended March 31, 2026 and 2025 was as follows:

 

 

 

 

For the Three Months Ended March 31,

 

 

 

 

2026

 

 

2025

 

Operating lease expense

 

 

$

144,778

 

 

$

153,974

 

 Total lease expense

 

 

$

144,778

 

 

$

153,974

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

 

$

102,619

 

 

$

113,068

 

 

 

 

 

 

 

 

Weighted-average remaining lease term - operating leases

 

 

53.9 months

 

 

65.3 months

 

Weighted-average discount rate - operating leases

 

 

 

13.66

%

 

 

13.66

%

 

 

 

 

 

 

 

 

Summary of Maturity of Operating Lease Liabilities

The following table presents the maturity of the Company’s operating lease liabilities as of March 31, 2026:

 

Year

Operating Leases

 

Remaining 2026

$

296,274

 

2027

 

403,771

 

2028

 

419,922

 

2029

 

436,719

 

2030

 

298,809

 

Total lease payments

 

1,855,495

 

Less: Amount representing interest

 

(438,777

)

Present value of lease payments

 

1,416,718

 

Less: current portion of operating lease obligation

 

(230,075

)

Operating lease obligation, net of current portion

$

1,186,643