5. Leases

The Company accounts for leases in accordance with ASC Topic 842. The Company used its incremental borrowing rate of 5.25% for all operating leases as of June 30, 2026 and December 31, 2025.

Office lease – On March 1, 2024, the Company entered into a two (2) year lease for an office facility located in Miami Florida with an entity controlled by our CEO and related parties. The lease has a one-time renewal option for one year which management is reasonably certain will be exercised. The lease is $7,048 per month and expires in February 2027, including the renewal option (see Note 13).

Secure facility lease – In August 2025, the Company entered into a three (3) year lease for a secure facility located in Miami, Florida. The lease has no renewal option. The lease is $1,760 per month, with payment increases of 4% annually, and expires in September 2028. The right-of-use asset and operating lease liability at the execution of this lease totaled $61,073.

Hardware lease – On September 30, 2022, the Company entered into a three-year lease for computer hardware. The lease has no renewal option. The lease is $664 per month and expired in September 2025 and continued on a month-to-month rental basis. The right-of-use asset and operating lease liability at the execution of this lease totaled $22,059.

Server lease – On December 7, 2021, the Company entered into a five-year lease for a computer server. The lease contains a bargain purchase option, which the Company intends to exercise. The Company recorded this lease as a finance lease. The lease payments are $1,249 per month through December 2026.

The weighted-average remaining lease term was 1.25 years and 1.69 years as of June 30, 2026 and December 31, 2025, respectively. For the three months ended June 30, 2026 and 2025, the total lease cost was $30,604 and $34,832, respectively. For the six months ended June 30, 2026 and 2025, the total lease cost was $61,208 and $69,664, respectively.