COMMITMENTS AND CONTINGENCIES (Tables)
|
9 Months Ended |
Sep. 30, 2025 |
|---|
| Property Subject to Operating Lease [Member] |
|
| Schedule of supplemental information related to the lease |
| Schedule of supplemental information related to lease
|
|
|
|
|
|
|
| |
|
Nine Months Ended September 30,
|
|
| |
|
2025 |
|
|
2024 |
|
| Lease cost: |
|
|
|
|
|
|
|
|
| Operating lease cost |
|
$ |
586,228 |
|
|
$ |
586,228 |
|
| Short-term lease cost |
|
$ |
15,351 |
|
|
$ |
16,477 |
|
| |
|
|
|
|
|
|
|
|
| Other information: |
|
|
|
|
|
|
|
|
| Operating cash outflow used for operating leases |
|
$ |
597,672 |
|
|
$ |
583,101 |
|
| Weighted average discount rate |
|
|
9.0 |
% |
|
|
9.0 |
% |
| Weighted average remaining lease term |
|
|
6.75 years |
|
|
|
7.75 years |
|
|
| Schedule of future minimum lease payments due under the operating leases |
| Schedule of future minimum lease payments due under the operating leases
|
|
|
|
| |
|
Amount |
|
|
Calendar year: |
|
|
|
|
| 2025 (Remaining) |
|
$ |
200,884 |
|
| 2026 |
|
|
818,518 |
|
| 2027 |
|
|
838,984 |
|
| 2028 |
|
|
859,856 |
|
| Thereafter |
|
|
3,183,571 |
|
| Total undiscounted future minimum lease payments |
|
|
5,901,813 |
|
| Less: Impact of discounting |
|
|
(1,527,592 |
) |
| Total present value of operating lease obligations |
|
|
4,374,221 |
|
| Current portion |
|
|
(813,496 |
) |
| Operating lease obligations, less current portion |
|
$ |
3,560,725 |
|
|
| Commercial Ground Lease [Member] |
|
| Schedule of supplemental information related to the lease |
| Schedule of supplemental information related to the lease |
|
|
|
|
| |
|
Nine
Months Ended
September
30,
2025
|
|
| Lease Cost: |
|
|
|
| Operating lease cost |
|
$ |
6,758 |
|
| Cash outflow |
|
$ |
2,500 |
|
|
| Schedule of future minimum lease payments due under the operating leases |
| Schedule of future minimum lease payments due under the operating leases
|
|
|
|
|
|
Calendar year: |
|
Amount |
|
| 2025 (Remaining) |
|
$ |
7,500 |
|
| 2026 |
|
|
35,000 |
|
| 2027 |
|
|
42,000 |
|
| 2028 |
|
|
42,000 |
|
| Thereafter |
|
|
276,500 |
|
| Total undiscounted future minimum lease payments |
|
|
403,000 |
|
| Less: Impact of discounting |
|
|
(150,304 |
) |
| Total present value of operating lease obligations |
|
|
252,696 |
|
| Current portion |
|
|
(32,000 |
) |
| Operating lease obligations, less current portion |
|
$ |
220,696 |
|
| Weighted average discount rate |
|
|
10.0 |
% |
| Weighted average remaining lease term |
|
|
9.84 years |
|
|
| Master Lease Agreement [Member] |
|
| Schedule of supplemental information related to the lease |
| Schedule of supplemental information
related to the lease
|
|
|
|
|
|
|
| |
|
Nine Months Ended September 30,
|
|
| |
|
2025 |
|
|
2024 |
|
| Lease cost: |
|
|
|
|
|
|
|
|
| Master Lease Agreement cost |
|
$ |
242,026 |
|
|
$ |
— |
|
| Short-term lease liability |
|
$ |
— |
|
|
$ |
— |
|
| |
|
|
|
|
|
|
|
|
| Other information: |
|
|
|
|
|
|
|
|
| Operating cash outflow used for finance leases |
|
$ |
2,253,563 |
|
|
$ |
— |
|
| Weighted average discount rate |
|
|
— |
|
|
|
— |
|
| Weighted average remaining lease term |
|
|
— |
|
|
|
— |
|
|