4. Leases

As of June 30, 2026, the Company had one operating lease for its corporate office that commenced in 2024, for which the Company recorded a right-of-use asset and lease liability as of the commencement date. The Company's lease does not contain a purchase option. Where the Company's lease contains an option to extend the lease term, the extended lease term is only included in the measurement of the lease when it is reasonably certain to remain in the lease beyond the non-cancellable term. The Company's lease also contains variable lease costs, which pertain to common area maintenance and other operating charges, that are expensed as incurred.

Balance sheet information related to the Company's lease is presented below:

		Six Months Ended June 30, 2026			Year Ended December 31,2025
Operating lease
Operating lease right-of-use assets	$	117,184		$	170,733
Operating lease liabilities - current		137,330			145,456
Operating lease liabilities - non-current		-			60,139

Other information related to leases is presented below:

		Six months ended June 30,
		2026			2025
Lease cost
Operating lease cost	$	61,889			61,889
Other information
Operating cash flows used in operating leases		(76,952	)		(70,080	)
Remaining lease term (in years)		1.00			1.92
Discount rate		10%			10%

As of June 30, 2026, the annual future minimum lease payments of the Company's operating lease liabilities were as follows: