Quarterly report [Sections 13 or 15(d)]

Leases (Tables)

v3.25.1
Leases (Tables)
3 Months Ended
Mar. 31, 2025
Leases  
Schedule of Operating Lease Expense

The operating lease expense were as follows:

 

    2025     2024  
    Three months ended March 31,  
    2025     2024  
Lease cost                
Operating lease cost   $ 101,442     $ 92,204  
Summary of Supplemental Balance Sheet Information

Supplemental balance sheet information related to operating leases was as follows:

 

    March 31,     December 31,  
    2025     2024  
Operating lease right-of-use assets at inception   $ 284,861     $ 284,861  
Accumulated amortization     (235,743 )     (163,316 )
Total operating lease right-of-use assets   $ 49,118     $ 121,545  
                 
Operating lease liabilities - current   $ 49,118     $ 121,544  
Operating lease liabilities - non-current     -       -  
Total operating lease liabilities   $ 49,118     $ 121,544  
                 
Weighted-average remaining lease term — operating leases (years)     0.17       0.41  
Weighted-average discount rate — operating leases     8.25 %     8.25 %
Schedule of Future Minimum Lease Payments Under Operating Leases

Future minimum lease payments under operating leases that have initial noncancelable lease terms in excess of one year as of March 31, 2025, were as follows:

 

    Total  
Year Ended December 31,        
2025 - Remaining two months   $ 49,286  
Thereafter     -  
Total undiscounted lease payments     49,286  
Less: Imputed interest     (168 )
Operating lease liabilities   $ 49,118