Leases |
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| Leases | Note 11. Leases
Lawrenceville, New Jersey Lease - In August 2023, the Company renewed its Lawrenceville office lease for a 24-month agreement for 9,850 square feet with monthly rent payments of approximately $22,983 to $23,394. In April 2025, the Company renewed its Lawrenceville office lease until November 30, 2028 for 4,359 square feet (to be reduced to 4,011 following April 1, 2026) with monthly rent payments of approximately $10,361 to $10,863.
Huntsville, Alabama Lease - In January 2023, the Company renewed its Huntsville facility lease for a 60-month lease agreement for 11,420 square feet with monthly rent payments of approximately $28,550 to $30,903.
The following is a table of the lease payments and maturity of the Company’s operating lease liabilities as of June 30, 2026:
For the six-month period ended June 30, 2026, operating lease expense was $241,830 and cash paid for operating leases included in operating cash flows was $243,863. For the six-month period ended June 30, 2025, operating lease expense was $283,813 and cash paid for operating leases included in operating cash flows was $283,083.
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