Quarterly report [Sections 13 or 15(d)]

Leases (Tables)

v3.25.1
Leases (Tables)
3 Months Ended
Mar. 31, 2025
Leases  
Schedule of components of the lease costs

    

March 31, 

Component of lease cost

    

2025

Operating lease cost

$

16,094

Variable lease cost

13,654

Total lease expense

$

29,748

March 31, 

    

2025

Cash paid for amounts included in the measurement of lease liabilities

$

31,007

Weighted-average remaining lease term (in years) - operating leases

3.4

Weighted-average discount rate - operating leases

7.82%

Schedule of future minimum annual commitments under the operating leases

Year ending March 31,

2025

$

63,524

2026

64,246

2027

65,380

2028

23,924

Total lease payments

217,074

Less: amount representing interest

(25,830)

Present value of net minimum lease payments

$

191,244

Less: current obligations

 

(50,719)

Long-term obligations under leases

$

140,525