Under ASC 842, Leases, the Company recognized an operating lease related to its corporate office as of June 30, 2025 and December 31, 2024 as summarized in the following table: | | | | | | | | | June 30, | | December 31, | | | 2025 | | 2024 | Asset | | | | | | | Operating lease right-of-use assets, long term | | $ | 295,317 | | $ | 344,589 | Total operating lease right-of-use assets | | $ | 295,317 | | $ | 344,589 | | | | | | | | Liabilities | | | | | | | Operating lease liabilities | | $ | 121,057 | | $ | 121,135 | Operating lease liabilities, long term | | | 296,250 | | | 355,776 | Total operating lease liabilities | | $ | 417,307 | | $ | 476,911 | | | | | | | | Operating lease costs | | $ | 120,926 | | $ | 236,044 | | | | | | | | Cash paid for amounts included in the measurement of lease liabilities | | | | | | | Operating cash flows from operating leases | | $ | 152,709 | | $ | 214,230 | Weighted average remaining lease term (years) - operating lease | | | 2.29 | | | 2.50 | Weighted average discount rate (annualized) - operating lease | | | 8.25% | | | 8.25% |
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