| Schedule of Lease Costs |
The Company recorded the following lease costs:
| | |
For the
three months
ended
June 30, | | |
For the
three months
ended
June 30, | | |
For the
six months
ended
June 30, | | |
For the
six months
ended
June 30, | |
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| Operating leases: | |
| | |
| | |
| | |
| |
| Operating lease cost | |
$ | 229,331 | | |
$ | 229,331 | | |
$ | 458,662 | | |
$ | 458,662 | |
| Variable operating lease cost | |
| 201,816 | | |
| 224,874 | | |
| 266,816 | | |
| 412,604 | |
| Sublease income received | |
| (75,000 | ) | |
| - | | |
| (147,500 | ) | |
| - | |
| Total lease cost | |
$ | 356,147 | | |
$ | 454,205 | | |
$ | 577,978 | | |
$ | 871,266 | |
The right-of-use asset,
net for the operating lease was recorded in the consolidated balance sheets as follows:
| | |
June 30, | | |
December 31, | |
| | |
2026 | | |
2025 | |
| Right-of-use asset, net | |
$ | 226,074 | | |
$ | 660,706 | |
The operating lease liability
for the operating lease was recorded in the consolidated balance sheets as follows:
| | | June 30, | | | December 31, | | | | | 2026 | | | 2025 | | | Operating lease liability, current | | $ | 218,308 | | | $ | 699,107 | | | Operating lease liability, non-current | | | - | | | | - | | | Total operating lease liability | | $ | 218,308 | | | $ | 699,107 | | | | | | | | | | | | | Weighted-average remaining lease term of operating leases (in years) | | | 0.25 | | | | 0.75 | | | Weighted-average discount rate for operating leases | | | 9.60 | % | | | 9.60 | % |
|
| Schedule of Lease Liabilities |
Maturity of the Company’s
lease liability as of June 30, 2026 is as follows:
| 2026 | |
$ | 221,564 | |
| Total lease payments | |
| 221,564 | |
| Less: imputed interest | |
| (3,256 | ) |
| Total lease liability | |
$ | 218,308 | |
|