v3.26.1
LEASES (Tables)
 3 Months Ended
Mar. 31, 2026
Leases  
SCHEDULE OF CASH PAYMENTS FOR OPERATING LEASE

The following table summarizes expense and cash payments for operating leases during the periods noted:

 

   Three months ended March 31, 
   2026   2025 
Operating lease expense  $183,581   $- 
Cash paid for rents with terms less than 1 year  $16,850   $22,160 
Cash paid for operating lease liability  $97,041   $- 
SCHEDULE OF WEIGHTED AVERAGE REMAINING LEASE TERM AND DISCOUNT RATE

The following table contains the weighted average remaining lease term and discount rate for operating leases as of the end of the period:

 

  

As of

March 31, 2026

 
Remaining lease term – Panama operating lease   8.5 years 
Remaining lease term – Mendota, IL operating leases   4.5 years 
Discount rate - operating leases   7.0%
SUMMARY OF RIGHT-OF-USE ASSET AND LEASE LIABILITY

The table below presents a maturity analysis of the future minimum lease payments for operating leases as of March 31, 2026:

  

Twelve months ending December 31,  Total 
Remainder of 2026  $482,597 
2027   787,376 
2028   813,094 
2029   753,349 
2030   672,417 
Thereafter   1,677,458 
Total operating lease payments   5,186,291 
Less: discount on lease liability   (988,504)
Total operating lease liability   4,197,787 
Less: current portion of operating lease liability   (466,972)
Non-current operating lease liability  $3,730,815