Quarterly report [Sections 13 or 15(d)]

Leases (Tables)

v3.25.2
Leases (Tables)
6 Months Ended
Jun. 30, 2025
Leases  
Schedule of components of the lease costs

Three months ended

    

Six months ended

June 30, 

June 30, 

Component of lease cost

2025

    

2025

Operating lease cost

$

16,689

$

32,783

Variable lease cost

8,795

22,448

Total lease expense

$

25,484

$

55,231

June 30, 

    

2025

Cash paid for amounts included in the measurement of lease liabilities

$

63,160

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

3.2

Weighted-average discount rate - operating leases

7.82%

Schedule of future minimum annual commitments under the operating leases

Year ending June 30,

2025

$

66,937

2026

68,024

2027

69,219

2028

6,302

Total lease payments

210,482

Less: amount representing interest

(23,492)

Present value of net minimum lease payments

$

186,990

Less: current obligations

 

(54,496)

Long-term obligations under leases

$

132,494