v3.26.1
Right-of-Use Assets and Liabilities
6 Months Ended
Jun. 30, 2026
Right-of-Use Assets and Liabilities  
Right-of-Use Assets and Liabilities

Note 13 – Right-of-Use Assets and Liabilities

Future lease payments under operating leases as of June 30, 2026, were as follows:

2026

$

283,592

2027

 

519,919

Total Future Lease Payments

 

803,511

Less: Imputed Interest

 

(62,182)

Total Lease Liability Balance

$

741,329

Operating lease costs under the operating leases totaled $192,896 and $284,353 for the three months ended June 30, 2026 and 2025, respectively. Operating lease costs under the operating leases totaled $483,487 and $493,119 for the six months ended June 30, 2026 and 2025, respectively.

As of June 30, 2026, the weighted average discount rate was 7.1% and the weighted average remaining lease term was 1.4 years.