| Schedule of Lease Cost |
Schedule
of Lease Cost
| | |
March 31, 2026 | | |
March 31, 2025 (As Restated) | |
| | |
Three Months Ended, | |
| | |
March 31, 2026 | | |
March 31, 2025 | |
| Operating lease cost | |
$ | 51,432 | | |
$ | 61,006 | |
|
Schedule of Lease Cost
| | |
2025 | | |
2024 | |
| | |
Year Ended | |
| | |
December
31 | |
| | |
2025 | | |
2024 | |
| Operating
lease cost | |
$ | 232,773 | | |
$ | 258,477 | |
|
| Schedule of Right of Use Assets |
The
following represents the activity for the right of use asset:
Schedule
of Right of Use Assets
| | |
March 31, 2026 | | |
December 31, 2025 | |
| Beginning balance | |
$ | 547,186 | | |
$ | 703,524 | |
| Amortization charge for the period | |
| (39,085 | ) | |
| (156,338 | ) |
| Ending balance | |
$ | 508,101 | | |
$ | 547,186 | |
| | |
| | | |
| | |
| Other information relating to the operating lease is as follows: | |
| | | |
| | |
| Weighted average remaining lease term in years | |
| 3.2 | | |
| 3.5 | |
| Weighted average discount rate | |
| 6.9 | % | |
| 6.9 | % |
|
The
following represents the activity for the right of use assets:
Schedule of Right of Use Assets
| | |
December
31, 2025 | | |
December
31, 2024 | |
| Beginning balance | |
$ | 703,524 | | |
$ | 859,861 | |
| Amortization charge for
the period | |
| (156,338 | ) | |
| (156,337 | ) |
| Ending balance | |
$ | 547,186 | | |
$ | 703,524 | |
| | |
| | | |
| | |
| Other information relating to the operating
lease is as follows: | |
| | | |
| | |
| | |
| | | |
| | |
| Weighted average remaining lease term in years | |
| 3.5 | | |
| 2.4 | |
| Weighted average discount rate | |
| 6.9 | % | |
| 6.9 | % |
|
| Schedule of Future Minimum Lease Payments |
Future
minimum lease payments as of March 31, 2026 are as follows:
Schedule
of Future Minimum Lease Payments
| Year | |
Amount | |
| 2026 (remainder of the year) | |
$ | 166,800 | |
| 2027 | |
| 226,705 | |
| 2028 | |
| 231,216 | |
| Thereafter | |
| 117,709 | |
| Total future minimum lease payments | |
| 742,430 | |
| Less: imputed interest | |
| (75,757 | ) |
| Operating lease liabilities | |
| 666,673 | |
| Less: current portion | |
| 185,899 | |
| Non-current portion of lease liabilities | |
$ | 480,774 | |
|
Future
minimum lease payments as of December 31, 2025 are as follows:
Schedule of Future Minimum Lease Payments
| Year | |
Amount | |
| Remaining of the year | |
| | |
| 2026 | |
$ | 222,275 | |
| Year I | |
$ | 222,275 | |
| 2027 | |
| 226,705 | |
| Year II | |
| 226,705 | |
| 2028 | |
| 231,216 | |
| Year III | |
| 231,216 | |
| Thereafter | |
| 117,709 | |
| Total future minimum lease payments | |
| 797,905 | |
| Less: imputed interest | |
| 87,390 | |
| Less: imputed interest | |
| 87,390 | |
| Operating lease liabilities | |
| 710,515 | |
| Less: current portion | |
| 181,963 | |
| Non-current portion
of lease liabilities | |
$ | 528,552 | |
|