Annual report [Section 13 and 15(d), not S-K Item 405]

Leases (Tables)

v3.25.1
Leases (Tables)
12 Months Ended
Dec. 31, 2024
Leases  
Schedule of components of the lease costs

    

December 31, 

    

2024

Component of lease cost

Operating lease cost

$

17,772

Variable lease cost

14,167

Total lease expense

$

31,939

    

2024

Cash paid for amounts included in the measurement of lease liabilities

$

31,939

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

3.7

Weighted-average discount rate - operating leases

7.82%

Schedule of future minimum annual commitments under the operating leases

Year ending December 31:

2025

$

63,467

2026

63,879

2027

65,012

2028

41,829

Total lease payments

234,187

Less: amount representing interest

(29,606)

Present value of net minimum lease payments

$

204,581

Less: current obligations

 

(49,696)

Long-term obligations under leases

$

154,885