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

 

(8)Leases

 

The Company has a non-cancelable operating lease for office space and laboratory facilities in Salt Lake City, Utah. The term of the lease has been extended through February 28, 2027.

 

Future minimum lease payments under the non-cancelable operating lease as of June 30, 2026 are:

 

   Operating 
   Lease 
     
2026  $193,355 
2027   64,452 
      
Total minimum lease payments  $257,807 

 

The Company’s rent expense was $97,000 and $94,000 for the three months ended June 30, 2026 and 2025, respectively. The Company’s rent expense was $192,000 and $187,000 for the six months ended June 30, 2026 and 2025, respectively.