v3.26.1
Leases (Tables)
3 Months Ended
Mar. 31, 2026
Leases  
Schedule of Operating Leases

 

   March 31, 2026   December 31, 2025 
         
Operating leases:          
Right-of-use assets  $981,092   $1,053,641 
Operating lease liabilities  $1,066,954   $1,134,554 
           
Weighted average remaining lease term in years   3.33    3.58 
Weighted average discount rate   7.58%   7.58%
           
Cash paid for amounts included in the measurement of lease liabilities  $88,683   $348,873 
Right-of-use assets obtained in exchange for lease liabilities  $-   $- 
           
Finance leases:          
Right-of-use assets  $94,716   $108,682 
Finance lease liabilities  $97,928   $108,682 
           
Weighted average remaining lease term in years   2.09    2.33 
Weighted average discount rate   7.54%   7.54%
           
Amortization of assets under finance lease  $13,966   $27,709 
Interest  $1,981   $6,252 
Schedule of Future Payments Due Under Operating and Finance Leases

As of March 31, 2026, the future minimum lease payments under non-cancelable operating and finance leases are as follows:

 

 

Year  Operating Lease   Financial Lease 
         
2026  $269,745   $38,206 
2027   368,250    50,941 
2028   378,576    16,980 
2029   192,828    0 
Total  $1,209,399   $106,127 
Less effects of discounting   (142,445)   (8,199)
Total lease liabilities  $1,066,954   $97,928