| Schedule of Lease Costs |
The table below presents certain information
related to the lease costs for the Company’s operating lease for the six months ended June 30, 2025:
| Operating lease expense | |
$ | 41,061 | |
| Short-term lease expense | |
| — | |
| Total lease cost | |
$ | 41,061 | |
Right-of-use lease assets and lease liabilities
for the Company’s operating lease as of June 30, 2025 were recorded in the balance sheet as follows:
| Assets | |
| |
| Operating lease right-of-use assets | |
$ | 299,001 | |
| Total lease assets | |
$ | 299,001 | |
| | |
| | |
| Liabilities | |
| | |
| Current liabilities: | |
| | |
| Operating lease liability – current portion | |
$ | 46,982 | |
| Non-current liabilities: | |
| | |
| Operating lease liability – net of current portion | |
| 240,903 | |
| Total lease liability | |
$ | 287,885 | |
The table below presents certain information
related to the weighted average remaining lease term and the weighted average discount rate for the Company’s operating lease as
of June 30, 2025:
| Weighted average remaining lease term (in years) – operating lease | | | 4.33 | | | Weighted average discount rate – operating lease | | | 8.00 | % | Supplemental cash flow information related to the operating lease
for the six months ended June 30, 2025 was as follows:
| Non-cash operating lease expense (operating cash flow) | |
$ | 28,976 | |
| Change in operating lease liabilities (operating cash flow) | |
$ | (24,282 | ) |
|
The table below presents certain
information related to the lease costs for the Company’s operating lease for year ended December 31, 2024:
| | |
| |
| Operating lease expense | |
$ | 140,630 | |
| Short-term lease expense | |
| — | |
| Total lease cost | |
$ | 140,630 | |
Right-of-use lease assets and
lease liabilities for the Company’s operating lease were recorded in the balance sheet as follows:
| Assets | |
| |
| Operating lease right-of-use assets | |
$ | 327,977 | |
| Total lease assets | |
$ | 327,977 | |
| | |
| | |
| Liabilities | |
| | |
| Current liabilities: | |
| | |
| Operating lease liability – current portion | |
$ | 43,369 | |
| Non-current liabilities: | |
| | |
| Operating lease liability – net of current portion | |
| 268,798 | |
| Total lease liability | |
$ | 312,167 | |
The table below presents certain
information related to the weighted average remaining lease term and the weighted average discount rate for the Company’s operating
lease as of December 31, 2024:
| Weighted average remaining lease term (in years) – operating lease | | | 4.83 | | | Weighted average discount rate – operating lease | | | 8 | % | Supplemental cash flow information related to operating
lease for the year ended December 31, 2024 was as follows:
| Non-cash operating lease expense (operating cash flow) | |
$ | 127,006 | |
| Change in operating lease liabilities (operating cash flow) | |
$ | (120,203 | ) |
| Supplemental non-cash amounts of operating lease liabilities arising from obtaining right-of-use assets | |
$ | 312,167 | |
|
| Schedule of Future Lease Payments |
Future lease payments included in the measurement of lease liabilities
on the balance sheet are as follows:
| 2025 (excluding the six months ended June 30, 2025) | |
$ | 30,306 | |
| 2026 | |
| 76,372 | |
| 2027 | |
| 80,190 | |
| 2028 | |
| 84,200 | |
| Thereafter | |
| 73,675 | |
| Total future minimum lease payments | |
| 344,743 | |
| Less effect of discounting | |
| (56,858 | ) |
| Present value of future minimum lease payments | |
$ | 287,885 | |
|
Future lease payments included
in the measurement of lease liabilities on the balance sheet are as follows:
| 2025 | |
$ | 66,674 | |
| 2026 | |
| 76,372 | |
| 2027 | |
| 80,190 | |
| 2028 | |
| 157,875 | |
| Total future minimum lease payments | |
| 381,111 | |
| Less effect of discounting | |
| (68,944 | ) |
| Present value of future minimum lease payments | |
$ | 312,167 | |
|