Commitments and Contingencies (Tables)
|
6 Months Ended |
Jun. 30, 2026 |
|---|
| Defined Benefit Plan Disclosure [Line Items] |
|
| Schedule of Operating Lease Assets and Liabilities |
The
tables below present information regarding the Company’s operating lease assets and liabilities at June 30, 2026 and December 31,
2025, respectively:
Schedule
of Operating Lease Assets and Liabilities
| | |
June 30, 2026 | | |
December 31, 2025 | |
| | |
| | |
| |
| Assets | |
| | | |
| | |
| | |
| | | |
| | |
| Operating lease - ROU asset - non-current | |
$ | 486,166 | | |
| 608,170 | |
| | |
| | | |
| | |
| Liabilities | |
| | | |
| | |
| | |
| | | |
| | |
| Operating lease liability | |
$ | 492,058 | | |
| 611,316 | |
| | |
| | | |
| | |
| Weighted-average remaining lease term (years) | |
| 2.11 | | |
| 2.49 | |
| | |
| | | |
| | |
| Weighted-average discount rate | |
| 8.00 | % | |
| 8.00 | % |
|
| Schedule of Components of Lease Expense |
The
components of lease expense were as follows:
Schedule of Components of Lease Expense
| | |
Six
months ended
June 30, 2026 | | |
Six months ended
June 30,2025 | |
| | |
| | |
| |
| Operating lease costs | |
| | | |
| | |
| | |
| | | |
| | |
| Amortization of ROU operating lease asset | |
$ | 66,804 | | |
$ | 200,078 | |
| Lease liability expense in connection with obligation repayment | |
| 65,829 | | |
| 4,831 | |
| Total operating lease costs | |
$ | 132,633 | | |
$ | 204,909 | |
| | |
| | | |
| | |
| Supplemental cash flow information related to operating leases was as follows: | |
| | | |
| | |
| | |
| | | |
| | |
| Operating cash outflows from operating lease (obligation payment) | |
$ | 65,829 | | |
$ | 63,944 | |
| ROU asset obtained in exchange for new operating lease liability | |
$ | - | | |
$ | - | |
|
| Schedule of Future Minimum Payments Under Non-Cancellable Leases |
Future
minimum lease payments under non-cancellable leases for the years ending December 31, were as follows:
Schedule
of Future Minimum Payments Under Non-Cancellable Leases
| | |
| | |
| 2026 (remaining 6 months) | |
$ | 113,895 | |
| 2027 | |
| 247,481 | |
| 2028 | |
| 355,575 | |
| Total undiscounted cash flows | |
| 736,951 | |
| Less: amount representing interest | |
| (244,893 | ) |
| Present value of operating lease liability | |
| 492,058 | |
| Less: current portion of operating lease liability | |
| 241,118 | |
| Long-term operating lease liability | |
$ | 250,940 | |
|
| Summarizes Finance Lease |
The
following table summarizes the key terms of each finance lease schedule as of June 30, 2026:
Summarizes
Finance Lease
| Schedule | |
Commencement Date | |
Financed Cost | | |
Monthly Payment | | |
TRAC Residual | | |
Remaining Term |
| 001 | |
May 29, 2025 | |
$ | 899,640 | | |
$ | 27,790 | | |
$ | 179,928 | | |
29 months |
| 002 | |
August 4, 2025 | |
$ | 1,164,600 | | |
$ | 35,685 | | |
$ | 232,920 | | |
32 months |
| 003 | |
August 29, 2025 | |
$ | 838,080 | | |
$ | 25,515 | | |
$ | 167,616 | | |
32 months |
| 004 | |
October 13, 2025 | |
$ | 1,038,960 | | |
$ | 31,700 | | |
$ | 207,792 | | |
34 months |
|
| Related Party [Member] |
|
| Defined Benefit Plan Disclosure [Line Items] |
|
| Schedule of Future Minimum Payments Under Non-Cancellable Leases |
Future
minimum lease payments under non-cancellable leases for the years ending December 31, were as follows:
Schedule
of Future Minimum Payments Under Non-Cancellable Leases
| | |
| | |
| 2026 (remaining 6 months) | |
$ | 64,609 | |
| 2027 | |
| 98,345 | |
| 2028 | |
| - | |
| Total undiscounted cash flows | |
| 162,954 | |
| Less: amount representing interest | |
| (7,437 | ) |
| Present value of operating lease liability | |
| 155,517 | |
| Less: current portion of operating lease liability | |
| 122,963 | |
| Long-term operating lease liability | |
$ | 32,554 | |
|