Quarterly report [Sections 13 or 15(d)]

Commitments and Contingencies (Tables)

v3.25.3
Commitments and Contingencies (Tables)
 9 Months Ended
Sep. 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 nine months ended September 30, 2025 and 2024:
Line Items in the Company's Condensed Consolidated Income Statements Three Months Ended
September 30,		 Nine Months Ended
September 30,
2025 2024 2025 2024
Operating lease costs:
Operating lease costs General and administrative expenses $ 91,577  $ 64,289  $ 264,335  $ 192,866 
Total lease costs $ 91,577  $ 64,289  $ 264,335  $ 192,866 
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:
September 30, 2025 December 31, 2024
Operating Leases:
Operating lease right-of -use asset $ 1,630,228  $ 555,536 
Operating lease liability - current portion 191,641  483,337 
Operating lease liability - net of current portion 1,899,557  311,689 
Total operating lease liability $ 2,091,198  $ 795,026 
Weighted average remaining lease term (in years):
Operating leases 5.7 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:
Nine Months Ended
September 30, 2025		 Nine Months Ended
September 30, 2024
Cash paid for amounts included in measurement of liabilities:
Operating cash flows from operating leases $ 345,042  $ 336,607 
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 September 30, 2025 are as follows, excluding amounts related to leases classified as discontinued operations:
Operating Leases
2025 (remainder) $ 115,014 
2026 268,762 
2027 467,453 
2028 479,129 
2029 491,077 
Thereafter 715,278 
Total lease payments $ 2,536,713 
Less: Imputed interest (445,515)
Total lease obligations $ 2,091,198 
Less: Current obligations (191,641)
Long-term lease obligation $ 1,899,557