Quarterly report [Sections 13 or 15(d)]

Commitments and Contingencies (Tables)

v3.26.1
Commitments and Contingencies (Tables)
 3 Months Ended
Mar. 31, 2026
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 months ended March 31, 2026 and 2025:
Line Items in our Condensed Consolidated Income Statements Three Months Ended
March 31,
2026 2025
Operating lease costs:
Operating lease costs General and administrative expenses $ 91,577  $ 81,181 
Total lease costs $ 91,577  $ 81,181 
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:
March 31, 2026 December 31, 2025
Operating Leases:
Operating lease right-of -use asset $ 1,513,179  $ 1,572,173 
Operating lease liability - current portion 280,253  194,179 
Operating lease liability - net of current portion 1,762,036  1,815,527 
Total operating lease liability $ 2,042,289  $ 2,009,706 
Weighted average remaining lease term (in years):
Operating leases 5.2 5.4
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:
Three Months Ended March 31,
2026 2025
Cash paid for amounts included in measurement of liabilities:
Operating cash flows from operating leases $ —  $ 115,014 
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 March 31, 2026 are as follows, excluding amounts related to leases classified as discontinued operations:
Operating Leases
2026 (remainder) $ 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 (379,410)
Total lease obligations $ 2,042,289 
Less: Current obligations (280,253)
Long-term lease obligation $ 1,762,036