v3.26.1
Leases (Tables)
6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Schedule of Operating Lease Assets and Liabilities

The following is a summary of operating lease assets and liabilities as of:

 

Operating leases   June 30,
2026
    December 31,
2025
 
Assets                
Right of use operating lease assets   $ 3,045,707     $ 2,754,020  
                 
Liabilities                
Current portion of operating lease liabilities     687,707       579,169  
Non-Current portion of operating lease liabilities     2,549,823       2,337,697  
Total lease liabilities   $ 3,237,530     $ 2,916,866  

 

Operating leases   June 30,
2026
    June 30,
2025
 
Weighted average remaining lease terms (years)            
Ilabs Info Technology 3rd Floor     3.69       4.19  
Ilabs Info Technology 1st Floor     4.08       4.58  
Ilabs Info Technology Ground Floor     5.92       6.42  
Ilabs Info Technology Basement-3     3.69       4.19  
Ilabs Info Technology 7th Floor     5.08       -  
Village Chhatarpur-1849-1852-Farm     1.25       1.75  
                 
Weighted average discount rate                
Ilabs Info Technology 3rd Floor     12.00 %     12.00 %
Ilabs Info Technology 1st Floor     12.00 %     12.00 %
Ilabs Info Technology Ground Floor     12.00 %     12.00 %
Ilabs Info Technology Basement-3     12.00 %     12.00 %
Ilabs Info Technology 7th Floor     12.00 %     -  
Village Chhatarpur-1849-1852-Farm     10.00 %     10.00 %

 

Supplemental cash flow and other information related to leases are as follows:

 

    Period ended  
    June 30,
2026
    June 30,
2026
 
             
Cash payments for amounts included in the measurement of lease liabilities:                
Operating cash outflows for operating leases   $ 434,132     $ 407,188  
Schedule of Maturities of Lease Liabilities

Maturities of lease liabilities as of June 30, 2026 are as follows:

 

Fiscal year     Operating
Leases Amount
 
2026, excluding the six months ended June 30, 2026     $ 509,133  
2027       982,213  
2028       835,646  
2029       871,649  
2030       547,366  
2031 and thereafter       440,099  
Total lease payment       4,186,106  
Less: Imputed Interest       948,576  
Present value of lease liabilities     $ 3,237,530