| Schedule of Lease Assets and Liabilities |
Operating
leases and finance leases as of June 30, 2026 and December 31, 2025 consisted of the following:
Schedule of Lease Assets and Liabilities
| | |
June 30, 2026 | | |
December 31, 2025 | |
| Operating leases | |
| | | |
| | |
| Assets | |
| | | |
| | |
| ROU operating lease assets | |
$ | 3,619,458 | | |
$ | 3,873,697 | |
| | |
| | | |
| | |
| Liabilities | |
| | | |
| | |
| Current portion of operating lease | |
$ | 524,310 | | |
$ | 499,072 | |
| Operating lease, net of current portion | |
| 3,371,568 | | |
| 3,640,491 | |
| Total operating lease liabilities | |
$ | 3,895,878 | | |
$ | 4,139,563 | |
| | |
| | | |
| | |
| Finance leases | |
| | | |
| | |
| Assets | |
| | | |
| | |
| Property and equipment, gross | |
$ | 80,426 | | |
$ | 80,426 | |
| Accumulated depreciation | |
| (48,548 | ) | |
| (41,848 | ) |
| Property and equipment, net | |
$ | 31,878 | | |
$ | 38,578 | |
| | |
| | | |
| | |
| Liabilities | |
| | | |
| | |
| Current portion of finance leases | |
$ | 16,203 | | |
$ | 17,646 | |
| Finance lease, net of current portion | |
| 14,143 | | |
| 21,386 | |
| Total finance leases | |
$ | 30,346 | | |
$ | 39,032 | |
|
| Schedule of Weighted Average Remaining Lease Term and Weighted Average Discount Rate |
The
weighted average remaining lease term and weighted average discount rate on June 30, 2026 are as follows:
Schedule of Weighted Average Remaining Lease Term and Weighted Average Discount Rate
| |
June 30,
2026 | |
| Weighted-average remaining lease term (years) | |
| | |
| Operating leases | |
| 6.57 | |
| Financing leases | |
| 2.25 | |
| Weighted-average discount rate | |
| | |
| Operating leases | |
| 6.23 | % |
| Financing leases | |
| 7.89 | % |
|
| Schedule of Future Minimum Operating Lease Payments |
As
of June 30, 2026, future minimum lease payments under operating lease liabilities were as follows:
Schedule of Future Minimum Operating Lease Payments
| | |
| | |
| | |
| Amount | |
| 2026 (remaining) | |
$ | 372,911 | |
| 2027 | |
| 757,483 | |
| 2028 | |
| 779,311 | |
| 2029 | |
| 781,351 | |
| 2030 | |
| 510,606 | |
| Thereafter | |
| 1,470,323 | |
| Total operating lease payments | |
| 4,671,985 | |
| Less imputed interest | |
| (776,107 | ) |
| Total operating lease obligations | |
| 3,895,878 | |
| Less current operating lease obligations | |
| (524,310 | ) |
| Long-term operating lease obligations | |
$ | 3,371,568 | |
|
| Schedule of Future Minimum Lease Payments for Finance Lease |
As
of June 30, 2026, future minimum lease payments under finance leases were as follows:
Schedule of Future Minimum Lease Payments for Finance Lease
| | |
| | |
| | |
| Amount | |
| 2026 (remaining) | |
$ | 10,041 | |
| 2027 | |
| 12,094 | |
| 2028 | |
| 8,100 | |
| 2029 | |
| 3,375 | |
| Total finance lease payments | |
| 33,610 | |
| Less imputed interest | |
| (3,264 | ) |
| Total finance lease obligations | |
| 30,346 | |
| Less current finance lease obligations | |
| (16,203 | ) |
| Long-term finance lease obligations | |
$ | 14,143 | |
|