Quarterly report [Sections 13 or 15(d)]

Commitments and Contingencies (Tables)

v3.25.2
Commitments and Contingencies (Tables)
 6 Months Ended
Jun. 30, 2025
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Lease Expense
The table below summarizes the components of lease expense and income statement location for the three and six months ended June 30, 2025 and 2024:
Line Items in the Company's Condensed Consolidated Income Statements Three Months Ended
June 30,		 Six Months Ended
June 30,
2025 2024 2025 2024
Operating lease costs:
Operating lease costs General and administrative expenses $ 91,577  $ 64,289  $ 172,758  $ 128,577 
Total lease costs $ 91,577  $ 64,289  $ 172,758  $ 128,577 
Schedule of Supplemental Information
Supplemental information and balance sheet location related to leases (excluding amounts related to leases classified as discontinued operations) was as follows:
June 30, 2025 December 31, 2024
Operating Leases:
Operating lease right-of -use asset $ 1,686,945  $ 555,536 
Operating lease liability - current portion 189,142  483,337 
Operating lease liability - net of current portion 1,982,211  311,689 
Total operating lease liability $ 2,171,353  $ 795,026 
Weighted average remaining lease term (in years):
Operating leases 5.9 3.6
Weighted average discount rate:
Operating leases 6.5  % 6.5  %
Supplemental cash flow information related to leases (excluding amounts related to leases classified as discontinued operations) was as follows:
Six Months Ended
June 30, 2025		 Six Months Ended
June 30, 2024
Cash paid for amounts included in measurement of liabilities:
Operating cash flows from operating leases $ 230,028  $ 224,405 
Non-cash transactions: ROU assets obtained in exchange for lease liabilities
Operating lease $ 1,554,504  $ — 
Schedule of Maturities of Operating Lease Liabilities
Maturities of lease liabilities as of June 30, 2025 are as follows, excluding amounts related to leases classified as discontinued operations:
Operating Leases
2025 (remainder) $ 230,028 
2026 268,762 
2027 467,453 
2028 479,129 
2029 491,077 
Thereafter 715,279 
Total lease payments $ 2,651,728 
Less: Imputed interest (480,375)
Total lease obligations 2,171,353 
Less: Current obligations (189,142)
Long-term lease obligation $ 1,982,211