| Schedule of Components of Lease Expense |
The components of lease expense were as follows for the three and
six months ended June 30, 2026 and 2025:
| |
|
For the Three Months Ended
June 30, |
|
|
For the Six Months Ended
June 30, |
|
| |
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
| Operating lease cost |
|
$ |
51,298 |
|
|
$ |
31,468 |
|
|
$ |
102,596 |
|
|
$ |
53,021 |
|
| Other short-term lease cost |
|
|
6,180 |
|
|
|
30,667 |
|
|
|
29,798 |
|
|
|
63,668 |
|
| Total lease cost |
|
$ |
57,478 |
|
|
$ |
62,135 |
|
|
$ |
132,394 |
|
|
$ |
116,689 |
|
The following table summarizes the operating lease asset and liabilities
recorded as of June 30, 2026 and December 31, 2025:
| |
|
June 30,
2026 |
|
|
December 31,
2025 |
|
| Operating lease right-of-use asset, net |
|
$ |
630,958 |
|
|
$ |
701,878 |
|
| Short-term operating lease liabilities |
|
|
148,808 |
|
|
|
139,963 |
|
| Long-term operating lease liabilities |
|
|
500,910 |
|
|
|
577,656 |
|
| Total operating lease liabilities |
|
$ |
649,718 |
|
|
$ |
717,619 |
|
| |
|
|
|
|
|
|
|
|
| Weighted average operating lease term |
|
|
3.66
years |
|
|
|
4.16
years |
|
| Weighted average operating lease discount rate |
|
|
9.51 |
% |
|
|
9.53 |
% |
|
| Schedule of Future Minimum Lease Commitments |
The following table summarizes future minimum lease commitments as
of June 30, 2026:
| Year ending December 31, |
|
Operating Leases |
|
| 2026 (remaining 6 months) |
|
|
100,885 |
|
| 2027 |
|
|
207,783 |
|
| 2028 |
|
$ |
215,950 |
|
| 2029 |
|
|
197,905 |
|
| 2030 |
|
|
42,436 |
|
| Thereafter |
|
|
- |
|
| Total lease payments |
|
$ |
764,958 |
|
| Less: imputed interest |
|
|
(115,240 |
) |
| Present value of lease liabilities |
|
$ |
649,718 |
|
|