On November 30, 2024, the Company entered into a lease agreement with Juneau-Bell, LLC for new office space located at 27755 Diehl Road, Suite 200, Warrenville, IL 60555, which constitutes the Company's current headquarters. The lease commencement date was March 1, 2025. A security deposit of $43,970 and the first month’s base rent of $8,365 were paid at signing. These amounts were recorded in Deposits with Vendors and Other Current Assets, respectively, in the Consolidated Balance Sheet at December 31, 2025. The lease term is 66 months with one option to renew for an additional 60 months period. The Company classified the agreement as an operating lease under ASC 842 Leases. On the commencement date of March 1, 2025, the Company recognized an ROU asset of $424,188 and a corresponding long-term lease liability of $415,824.

In addition to base rent, the Company is responsible for its proportionate share of common area maintenance (“CAM”) charges and other operating costs associated with the leased premises. These amounts are considered variable lease payments, based on actual costs incurred by the landlord and are not included in the measurement of the lease liability. The Company recorded variable lease expense of $11,068 and $20,891 in the three and six months ended June 30, 2026 within Selling and administrative expenses in the Condensed Consolidated Statements of Operations. The Company did not record variable lease expense in the three and six months ended June 30, 2025 due to six months abatement.

As of June 30, 2026, the expected annual minimum lease payments of the Company’s operating lease liability were as follows:


Fiscal year	Operating Lease
2026 (July - December)	$	52,015
2027		107,071
2028		110,721
2029		114,371
2030		78,478
Thereafter		—
Total undiscounted minimum lease payments		462,656
Less: Present value discount		(75,798	)
Lease liability	$	386,858

Discount rate - operating lease		8.5	%
.
Weighted average remaining lease term	50 months
.
	Lease cost
Lease cost for the three months ended June 30, 2026	$	24,887
Lease cost for the six months ended June 30, 2026	$	49,774

Supplemental cash flows information:	June 30, 2026
Cash paid for amounts included in the measurement of lease liability
Operating cash flows for operating lease	$	51,406

The Company has elected the short-term lease exemption for leases with an initial term of twelve months or less. Under this election, the Company recognized rent expense on a straight-line basis over the lease term within the Condensed Consolidated Statements of Operations. This exemption applied to the month-to-month lease agreement for the Company’s former headquarters located in Naperville, Illinois. The lease termination date was April 30, 2025. The Company recorded rent expense related to this lease of $9,400 and $37,600 in the three and six months ended June 30, 2025.