Annual report [Section 13 and 15(d), not S-K Item 405]

Commitments and Contingencies (Tables)

v3.25.4
Commitments and Contingencies (Tables)
 12 Months Ended
Dec. 31, 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 years ended December 31, 2025 and 2024:
Years Ended December 31,
Line Item in our Consolidated Income Statements 2025 2024
Operating lease costs:
Operating lease costs General and administrative expenses $ 355,912  $ 325,396 
Total lease costs $ 355,912  $ 325,396 
Schedule of Supplemental Lease Information
Supplemental information and balance sheet location related to leases for the years ended December 31, 2025 and 2024 was as follows:
Years Ended December 31,
2025 2024
Operating Leases:
Operating lease right-of -use asset $ 1,572,173  $ 555,536 
Operating lease liability, current portion $ 194,179  $ 483,337 
Operating lease liability, net of current portion 1,815,527  311,689 
Total operating lease liability $ 2,009,706  $ 795,026 
Weighted average remaining lease term (in years):
Operating leases 5.4 3.6
Weighted average discount rate:
Operating leases 6.5  % 6.5  %
Supplemental cash flow information related to leases for the years ended December 31, 2025 and 2024 were as follows:
Years Ended December 31,
2025 2024
Cash paid for amounts included in measurement of liabilities:
Operating cash flows from operating leases $ 460,056  $ 505,577 
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 December 31, 2025 were as follows:
Operating Leases
2026 $ 268,762 
2027 467,453 
2028 479,129 
2029 491,077 
2030 503,374 
Thereafter 211,904 
Total lease payments 2,421,699 
Less: Imputed interest (411,993)
Total lease obligations 2,009,706 
Less: Current obligations (194,179)
Long-term lease obligations $ 1,815,527