| Schedule of Operating Lease Expense |
The components of operating lease expense for the three and six months ended June 30, 2026 and 2025 were as follows:
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Three Months Ended
June 30, |
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Six Months Ended
June 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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Operating lease: |
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Fixed lease cost |
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$ |
87,713 |
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$ |
87,751 |
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|
$ |
175,424 |
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$ |
175,502 |
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Short-term lease cost |
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|
16,153 |
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|
13,725 |
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|
|
34,580 |
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|
|
23,077 |
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Total operating lease cost |
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$ |
103,866 |
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|
$ |
101,476 |
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|
$ |
210,004 |
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|
$ |
198,579 |
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Supplemental balance sheet information related to operating leases was as follows:
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June 30,
2026 |
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December 31,
2025 |
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Operating Leases: |
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Operating lease right-of-use asset |
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$ |
945,954 |
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$ |
1,088,181 |
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Current operating lease liabilities |
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$ |
312,328 |
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$ |
306,113 |
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Noncurrent operating lease liabilities |
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|
755,967 |
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|
912,229 |
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Total operating lease liabilities |
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$ |
1,068,295 |
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$ |
1,218,342 |
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Weighted average remaining lease terms and discount rates to operating leases were as follows:
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June 30,
2026 |
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December 31,
2025 |
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Operating Leases: |
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Weighted average remaining lease term (in years): |
|
3.16 |
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|
3.63 |
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Weighted average discount rate: |
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|
5.91 |
% |
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|
5.94 |
% |
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| Schedule of Long-term Obligations under the Operating Leases |
At June 30, 2026, the future minimum lease payments under these operating leases are as follows:
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Fiscal Years Ending |
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Operating Leases |
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December 31, 2026(1) |
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$ |
184,604 |
|
December 31, 2027 |
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|
354,991 |
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December 31, 2028 |
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|
363,640 |
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December 31, 2029 |
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|
267,346 |
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Total lease payments |
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|
1,170,581 |
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Less: Amounts representing interest |
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|
(102,286 |
) |
Total lease obligations |
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$ |
1,068,295 |
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(1)Represents scheduled payments for the remaining six-month period ending December 31, 2026.
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| Schedule of Supplemental Cash Flow Information Related to Operating Leases |
Supplemental cash flow information at June 30, 2026 and 2025 related to operating leases was as follows:
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Six Months Ended
June 30, |
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2026 |
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2025 |
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Cash paid for amounts included in the measurement of lease liabilities: |
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Operating cash flows related to operating leases |
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$ |
183,245 |
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$ |
172,627 |
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