v3.26.1
LEASES (Tables)
3 Months Ended
Mar. 31, 2026
LEASES  
Schedule of right of use assets and liabilities

 

 

 

 

For the Three Months Ended

March 31,

 

 

 

Expense Classification

 

2026

 

 

2025

 

Operating Lease Expenses:

 

 

 

 

 

 

 

 

Amortization of ROU Assets

 

General and Administrative

 

$11,549

 

 

$8,072

 

Accretion of Operating Lease Liabilities

 

General and Administrative

 

 

20,158

 

 

 

9,311

 

Total Operating Lease Expenses

 

 

 

$31,707

 

 

$17,383

 

Other information related to leases is as follows:

 

As of

 

 

As of

 

 

 

March 31,

 

 

December 31,

 

 

 

2026

 

 

2025

 

Weighted-Average Remaining Lease Term: Operating Leases (in Years)

 

 

2.90

 

 

 

2.99

 

 

 

 

 

 

 

 

 

 

Weighted-Average Discount Rate: Operating Leases

 

 

10.00%

 

 

10.00%
Schedule of remaining maturities of lease liabilities

Remainder of 2026

 

 

34,119

 

2027

 

 

69,492

 

2028

 

 

45,492

 

2029

 

 

45,492

 

2030

 

 

45,492

 

2031 and Thereafter

 

 

320,238

 

Total Lease Payments

 

 

560,325

 

Less Imputed Interest

 

 

(241,250 )

Present Value of Lease Liabilities

 

 

319,075