v3.26.1
FINANCING LEASES (Tables)
6 Months Ended
Jun. 30, 2026
Financing Leases  
SUPPLEMENTAL INFORMATION RELATED TO THE COLLATERALIZED ASSET OF FINANCE LEASE

At June 30, 2026 and December 31, 2025, supplemental information related to the collateralized assets of the finance leases was as follows:

 

   June 30,
2026
   December 31,
2025
 
Equipment  $9,000,000   $9,000,000 
Accumulated depreciation   (2,990,323)   (2,540,323)
Net balance  $6,009,677   $6,459,677 
SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS FOR FINANCE LEASE

The following table presents information about the amount and timing of the liability arising from the Company’s financing lease as of June 30, 2026:

 

Future Minimum Financing Lease Payments   Finance
Lease
Liability
 
2026 (remainder of year)  $472,103 
2027   843,320 
Total undiscounted financing lease payments   1,315,423 
Unamortized debt discount   (48,723)
Financing lease liability - current portion   (1,037,003)
Present value of financing lease liability  $229,697 
Weighted average remaining lease term   1.18 Years 
Weighted average discount rate   22.6%