| Schedule of Lease Costs |
The Company recorded the following lease costs: | | | For the
three months
ended
September 30, | | | For the
three months
ended
September 30, | | | For the
nine months
ended
September 30, | | | For the
nine months
ended
September 30, | | | | | 2026 | | | 2025 | | | 2026 | | | 2025 | | | Operating leases: | | | | | | | | | | | | | | Operating lease cost | | $ | 260,586 | | | $ | 226,880 | | | $ | 719,248 | | | $ | 685,542 | | | Variable operating lease cost | | | 210,157 | | | | 187,730 | | | | 476,973 | | | | 600,334 | | | Sublease income received | | | (25,000 | ) | | | - | | | | (172,500 | ) | | | - | | | Total lease cost | | $ | 445,743 | | | $ | 414,610 | | | $ | 1,023,721 | | | $ | 1,285,876 | | The right-of-use asset, net for the operating lease was recorded in the consolidated balance sheets as follows: | | | September 30, | | | December 31, | | | | | 2026 | | | 2025 | | | Right-of-use asset, net | | $ | 662,188 | | | $ | 660,706 | | The operating lease liability for the operating lease was recorded in the consolidated balance sheets as follows: | | | September 30, | | | December 31, | | | | | 2026 | | | 2025 | | | Operating lease liability, current | | $ | 308,616 | | | $ | 699,107 | | | Operating lease liability, non-current | | | 354,162 | | | | - | | | Total operating lease liability | | $ | 662,778 | | | $ | 699,107 | | | | | | | | | | | | | Weighted-average remaining lease term of operating leases (in years) | | | 2.0 | | | | 0.75 | | | Weighted-average discount rate for operating leases | | | 10.0 | % | | | 9.60 | % |
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| Schedule of Maturity Lease Liabilities |
Maturity of the Company’s lease liability as of September 30, 2026 is as follows: | 2026 (remainder of year) | | $ | 90,000 | | | 2027 | | | 364,200 | | | 2028 | | | 280,537 | | | Total lease payments | | | 734,737 | | | Less: imputed interest | | | (71,959 | ) | | Total lease liability | | $ | 662,778 | |
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