Supplemental statements of operations information related to leases are as follows:
|
| Months ending
|
|
| June 30, 2026
|
Lease Cost
|
|
|
|
Cash paid for amounts included in the measurement of lease liabilities for the months ending June 2026
|
| $
| -
|
Weighted average remaining lease term – operating leases (in years)
|
|
| 1.67 and 2.25
|
Average discount rate – operating leases
|
|
| 12.0% and 4.25%
|
|
| June 30, 2026
|
Operating leases
|
|
|
|
Right-of-use assets, net of amortization of $85,163
|
| $
| 119,274
|
Right-of-use assets, net of amortization of $87,781
|
|
| 304,164
|
Total of right-of-use assets
|
| $
| 423,438
|
|
|
|
|
Short-term operating lease liabilities
|
| $
| (196,815)
|
Long-term operating lease liabilities
|
|
| (229,110)
|
Total operating lease liabilities
|
| $
| (425,925)
|
The following table summarizes the future undiscounted cash payments reconciled to the lease liability:
Year Ending
|
| Operating Leases
|
2025 (remaining three months)
|
| $-
|
2026
|
| 104,004
|
2027
|
| 222,843
|
2028
|
| 116,078
|
2029 and thereafter
|
| -
|
Total lease payments
|
| $442,925
|
Less: Imputed interest/present value discount
|
| $(17,000)
|
Present value of lease liabilities
|
| $425,925
|
|