v3.26.1
Leases
3 Months Ended
Mar. 31, 2026
Leases  
Leases

Note 10 – Leases

 

As of March 31, 2026 and December 31, 2025, total operating and financed right-of-use assets were $597,093 and $0, and $663,635 and $0, respectively.

 

As of March 31, 2026 and 2025, we recorded $83,461 and $83,459, respectively, in rent expense related to operating leases. 

 

Information related to our operating lease liabilities are as follows:

 

 

 

For the Three Months Ended March 31, 2026

 

Cash paid for operating lease liabilities

 

$78,284

 

Weighted-average remaining lease term

 

2.2 years

 

Weighted-average discount rate

 

 

10.5%

 

Minimum future lease payments ended March 31, 2026

 

 

 

2026 (remainder of year)

 

 

265,530

 

2027

 

 

237,867

 

2028

 

 

233,727

 

2029

 

 

19,525

 

 

 

 

756,649

 

Less imputed interest

 

 

(89,700)

Total lease liabilities

 

$666,949

 

Current portion

 

$279,900

 

Long-term portion

 

$387,049