v3.26.1
LEASES
6 Months Ended
Jun. 30, 2026
Leases  
LEASES

NOTE 8. LEASES

 

Operating lease expense for the three months ended June 30, 2026, and 2025 was $86,796 and $108,697, respectively. Operating lease expense for the six months ended June 30, 2026, and 2025 was $173,292 and $216,362 respectively. As of June 30, 2026, the weighted average remaining lease term and weighted average discount rate for the operating leases were 2.87 years and 8.78%, respectively.

 

The following table depicts future minimum lease payments for the Company’s operating leases.

 

Fiscal year ending December 31,   

Operating Lease

Obligations

 
2026  $169,180 
2027   315,229 
2028   283,583 
2029   107,395 
2030   26,347 
Thereafter   - 
Total undiscounted operating lease payments   901,734 
Less: Imputed interest   (102,506)
Present value of operating lease liabilities  $799,228