Under ASC 842, Leases, the Company recognized an operating lease related to its corporate office as of June 30, 2026 and December 31, 2025 as summarized in the following table: | | | | | | | | | June 30, | | December 31, | | | 2026 | | 2025 | Asset | | | | | | | Operating lease right-of-use assets, long term | | $ | 371,181 | | $ | 488,949 | Total operating lease right-of-use assets | | $ | 371,181 | | $ | 488,949 | | | | | | | | Liabilities | | | | | | | Operating lease liabilities | | $ | 272,063 | | $ | 271,494 | Operating lease liabilities, long term | | | 202,015 | | | 340,052 | Total operating lease liabilities | | $ | 474,078 | | $ | 611,546 | | | | | | | | Operating lease costs | | $ | 142,528 | | $ | 269,910 | | | | | | | | Cash paid for amounts included in the measurement of lease liabilities | | | | | | | Operating cash flows from operating leases | | $ | 223,369 | | $ | 316,435 | Weighted average remaining lease term (years) - operating lease | | | 1.69 | | | 1.86 | Weighted average discount rate (annualized) - operating lease | | | 8.25% | | | 8.25% |
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