Quarterly report [Sections 13 or 15(d)]

COMMITMENTS AND CONTINGENCIES (Tables)

v3.25.2
COMMITMENTS AND CONTINGENCIES (Tables)
 6 Months Ended
Jun. 30, 2025
Property Subject to Operating Lease [Member]  
Schedule of supplemental information related to mla
             
   

Six Months Ended

June 30,

  
    2025     2024  
Lease cost:                
Operating lease cost   $ 390,819     $ 390,819  
Short-term lease cost   $ 10,707     $ 10,916  
                 
Other information:                
Operating cash outflow used for operating leases   $ 398,448     $ 388,734  
Weighted average discount rate     9.0 %     9.0 %
Weighted average remaining lease term     7.00 years       8.00 years  
Schedule of future minimum lease payments due under the mla
       
    Amount  
Calendar year:        
2025 (Remaining)   $ 400,108  
2026     818,518  
2027     838,984  
2028     859,856  
Thereafter     3,183,571  
   Total undiscounted future minimum lease payments     6,101,037  
Less: Impact of discounting     (1,627,505 )
Total present value of operating lease obligations     4,473,532  
Current portion     (808,516 )
Operating lease obligations, less current portion   $ 3,665,016  
Master Lease Agreement [Member]  
Schedule of supplemental information related to mla
 Schedule of supplemental information related to mla            
   

Six Months Ended

June 30,

  
    2025     2024  
Lease cost:                
Master Lease Agreement cost   $ 242,026     $ —  
Short-term lease liability   $ 527,777     $ —  
                 
Other information:                
Operating cash outflow used for finance leases   $ 103,563     $ —  
Weighted average discount rate     8.63 %     —  
Weighted average remaining lease term     4.83 years       —  
Schedule of future minimum lease payments due under the mla
 Schedule of future minimum lease payments due under the mla      
    Amount  
Calendar year:        
2025   $ 263,886  
2026     527,777  
2027     527,777  
2028     527,777  
   Thereafter     703,702  
      Total undiscounted future minimum lease payments     2,550,919  
Less: Impact of discounting     (471,222 )
Total present value of MLA obligation     2,079,697  
      Current portion     (527,777 )
MLA, less current portion   $ 1,551,920