COMMITMENTS AND CONTINGENCIES (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
|---|
| Schedule of future minimum lease payments due under the operating lease |
| Schedule of future minimum lease payments due under the operating lease |
|
|
|
|
Calendar year: |
|
Amount |
|
| 2026 |
|
$ |
53,000 |
|
| 2027 |
|
|
60,000 |
|
| 2028 |
|
|
60,000 |
|
| 2029 |
|
|
60,000 |
|
| Thereafter |
|
|
341,000 |
|
| Total undiscounted future minimum lease payments |
|
|
574,000 |
|
| Less: Impact of discounting |
|
|
(209,543 |
) |
| Total present value of operating lease obligations |
|
|
364,457 |
|
| Current portion |
|
|
(53,000 |
) |
| Operating lease obligations, less current portion |
|
$ |
311,457 |
|
| Weighted average discount rate |
|
|
10.0 |
% |
| Weighted average remaining lease term |
|
|
9.6 years |
|
|
| Schedule of lease accounting |
| Schedule of lease accounting |
|
|
|
| |
|
December 31,
2025
|
|
| Lease Cost: |
|
|
|
|
| Operating lease cost |
|
$ |
18,396 |
|
| Cash outflow |
|
$ |
11,500 |
|
|
| Operating Lease Obligations [Member] |
|
| Schedule of supplemental information related to MLA |
| Schedule of supplemental information related to leases |
|
|
|
|
|
|
| |
|
December 31, |
|
| |
|
2025 |
|
|
2024 |
|
| Lease cost: |
|
|
|
|
|
|
|
|
| Operating lease cost |
|
$ |
781,638 |
|
|
$ |
781,638 |
|
| Short-term lease cost |
|
$ |
21,788 |
|
|
$ |
21,909 |
|
| |
|
|
|
|
|
|
|
|
| Other information: |
|
|
|
|
|
|
|
|
| Operating cash outflow used for operating leases |
|
$ |
798,556 |
|
|
$ |
779,087 |
|
| Weighted average discount rate |
|
|
9.0 |
% |
|
|
9.0 |
% |
| Weighted average remaining lease term |
|
|
6.5 years |
|
|
|
7.5 years |
|
|
| Schedule of future minimum lease payments due under the operating lease |
| Schedule of future minimum lease payments due under the operating lease |
|
|
|
| |
|
Amount |
|
| Calendar year: |
|
|
|
|
| 2026 |
|
$ |
818,518 |
|
| 2027 |
|
|
838,984 |
|
| 2028 |
|
|
859,856 |
|
| 2029 |
|
|
880,357 |
|
| Thereafter |
|
|
2,303,214 |
|
| Total undiscounted
future minimum lease payments |
|
|
5,700,929 |
|
| Less: Impact of discounting |
|
|
(1,429,929 |
) |
| Total present value of operating lease obligations |
|
|
4,271,000 |
|
| Current portion |
|
|
(818,519 |
) |
| Operating lease obligations, less current
portion |
|
$ |
3,452,481 |
|
|
| Master Lease Agreement [Member] |
|
| Schedule of supplemental information related to MLA |
| Schedule of supplemental information related to MLA |
|
|
|
|
|
|
| |
|
December 31, |
|
| |
|
2025 |
|
|
2024 |
|
| Lease cost: |
|
|
|
|
|
|
|
|
| Master Lease Agreement cost |
|
$ |
242,026 |
|
|
$ |
3,900 |
|
| Short-term lease cost |
|
$ |
— |
|
|
$ |
367,451 |
|
| |
|
|
|
|
|
|
|
|
| Other information: |
|
|
|
|
|
|
|
|
| Operating cash outflow used for finance leases |
|
$ |
2,253,563 |
|
|
$ |
3,900 |
|
| Weighted average discount rate |
|
|
— |
|
|
|
8.63 |
% |
| Weighted average remaining lease term |
|
|
— |
|
|
|
5.4 years |
|
|