COMMITMENTS AND CONTINGENCIES (Tables)
|
3 Months Ended |
Mar. 31, 2026 |
|---|
| 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 |
|
$ |
614,314 |
|
| 2027 |
|
|
838,984 |
|
| 2028 |
|
|
859,856 |
|
| 2029 |
|
|
880,357 |
|
| Thereafter |
|
|
2,303,214 |
|
| Total undiscounted future minimum lease payments |
|
|
5,496,725 |
|
| Less: Impact of discounting |
|
|
(1,334,643 |
) |
| Total present value of operating lease obligations |
|
|
4,162,082 |
|
| Current portion |
|
|
(823,625 |
) |
| Operating lease obligations, less current portion |
|
$ |
3,338,457 |
|
|
| Schedule of lease accounting |
| Schedule of lease accounting |
|
|
|
| |
|
March 31,
2026
|
|
| Lease Cost: |
|
|
|
|
| Operating lease cost |
|
$ |
25,003 |
|
| Cash outflow |
|
$ |
12,004 |
|
|
| Operating Lease Obligations [Member] |
|
| Schedule of supplemental information related to MLA |
| Schedule of supplemental information related to MLA |
|
|
|
|
|
|
| |
|
Three Months Ended March 31,
|
|
| |
|
2026 |
|
|
2025 |
|
| Lease cost: |
|
|
|
|
|
|
|
|
| Operating lease cost |
|
$ |
195,409 |
|
|
$ |
195,409 |
|
| Short-term lease cost |
|
$ |
7,834 |
|
|
$ |
5,303 |
|
| |
|
|
|
|
|
|
|
|
| Other information: |
|
|
|
|
|
|
|
|
| Operating cash outflow used for operating leases |
|
$ |
204,204 |
|
|
$ |
199,224 |
|
| Weighted average discount rate |
|
|
9.0 |
% |
|
|
9.0 |
% |
| Weighted average remaining lease term |
|
|
6.25 years |
|
|
|
7.25 years |
|
|
| 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 |
|
$ |
68,018 |
|
| 2027 |
|
|
103,224 |
|
| 2028 |
|
|
103,224 |
|
| 2029 |
|
|
103,224 |
|
| Thereafter |
|
|
600,344 |
|
| Total undiscounted future minimum lease payments |
|
|
978,034 |
|
| Less: Impact of discounting |
|
|
(353,311 |
) |
| Total present value of operating lease obligations |
|
|
624,723 |
|
| Current portion |
|
|
93,824 |
|
| Operating lease obligations, less current portion |
|
$ |
530,899 |
|
| Weighted average discount rate |
|
|
10.0 |
% |
| Weighted average remaining lease term |
|
|
9.6 years |
|
|
| Master Lease Agreement [Member] |
|
| Schedule of supplemental information related to MLA |
| Schedule of supplemental information related to MLA |
|
|
|
|
|
|
| |
|
Three Months Ended March 31,
|
|
| |
|
2026 |
|
|
2025 |
|
| Lease cost: |
|
|
|
|
|
|
|
|
| Master Lease Agreement cost |
|
$ |
— |
|
|
$ |
121,013 |
|
| Short-term lease cost |
|
$ |
— |
|
|
$ |
487,695 |
|
| |
|
|
|
|
|
|
|
|
| Other information: |
|
|
|
|
|
|
|
|
| Operating cash outflow used for finance leases |
|
$ |
— |
|
|
$ |
11,700 |
|
| Weighted average discount rate |
|
|
— |
|
|
|
8.63 |
% |
| Weighted average remaining lease term |
|
|
— |
|
|
|
5.17 years |
|
|