Leases

6 Months Ended

Jun. 30, 2026

Note 5 – Leases

Operating Lease:

The Company maintains a month-to-month lease for its research facilities at the Princeton Innovation Center BioLabs located at 303A College Road E, Princeton NJ, 08540.

Leases

Financing Lease:

The Company has financed certain laboratory equipment as follows:

	As of June 30,
	2026		2025
Cash paid for finance lease liabilities	$	17,078	$	34,925

Maturity of the Company’s financing lease liabilities is as follows:

Year ended December 31,
2026	$	17,078
2027 and after		26,724
Total future minimum lease payments		43,802
Less imputed interest		(2,630	)
Remaining lease liability	$	41,172

The Company entered into four financing leases for laboratory equipment with a total cost of $251,959 with four to five-year terms and a capitalized interest rate of 9.15%. Each of the lease agreements include a bargain purchase option to acquire the equipment at the end of the lease term. The aggregate monthly payments are approximately $3,000.