| Schedule of Leases Cost |
For the years ended December 31, 2025 and 2024, the Company recognized rent expense associated with leases as follows: | | | 2025 | | | 2024 | | | Operating lease cost: | | | | | | | | Fixed rent expense | | $ | 46,123 | | | $ | 44,643 | | | Finance lease cost: | | | | | | | | | | Amortization of ROU assets | | | 636,034 | | | | 636,034 | | | Net lease cost | | $ | 682,157 | | | $ | 680,677 | | | Lease cost - SG&A | | $ | 46,123 | | | $ | 44,643 | | | Lease cost - Depreciation and Amortization | | | 636,034 | | | | 636,034 | | | Net lease cost | | $ | 682,157 | | | $ | 680,677 | | ROU assets and lease liabilities consist of the following as of December 31, 2025 and 2024: | | | 2025 | | | 2024 | | | Operating leases - ROU assets: | | | | | | | | Operating lease, ROU assets, gross | | $ | 161,598 | | | $ | 179,849 | | | Accumulated amortization | | | (3,237 | ) | | | (116,023 | ) | | Operating leases - ROU assets, net | | $ | 158,361 | | | $ | 63,826 | | | Operating lease liabilities: | | | | | | | | | | Operating leases, current portion | | $ | 39,982 | | | $ | 55,116 | | | Operating leases, non-current portion | | | 118,528 | | | | 12,015 | | | Total operating lease liabilities | | $ | 158,510 | | | $ | 67,131 | | | Finance leases, ROU assets: | | | | | | | | | | Property and equipment, gross | | $ | 3,180,169 | | | $ | 3,180,169 | | | Accumulated depreciation | | | (2,425,725 | ) | | | (1,789,691 | ) | | Finance leases, ROU assets, net | | $ | 754,444 | | | $ | 1,390,478 | | | Finance lease liabilities: | | | | | | | | | | Finance leases payable, current portion | | $ | 642,474 | | | $ | 538,845 | | | Finance leases payable, non-current portion | | | 489,461 | | | | 1,143,829 | | | Total finance lease liabilities: | | $ | 1,131,935 | | | $ | 1,682,674 | |
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| Schedule of Operating and Finance Leases |
Future minimum payments due under operating and finance leases as of December 31, 2025 consisted of the following: | Years Ending December 31, | | Operating Leases | | | Finance Leases | | | 2026 | | $ | 54,051 | | | $ | 776,818 | | | 2027 | | | 54,795 | | | | 519,093 | | | 2028 | | | 55,751 | | | | - | | | 2029 | | | 23,484 | | | | - | | | Total | | | 188,081 | | | | 1,295,911 | | | Less: effect of discounting | | | (29,571 | ) | | | (163,976 | ) | | Lease liability recognized | | $ | 158,510 | | | $ | 1,131,935 | |
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