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Lease (Tables) | 12 Months Ended
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Dec. 31, 2024
Leases [Abstract] |
Schedule of Operating Leases have Remaining Lease Terms | The Company has no finance leases. The Company’s leases primarily include various office and laboratory spaces, copy machine, and vehicles under various operating lease arrangements. The Company’s operating leases have remaining lease terms of up to approximately five years.
|  | December 31, 2024 |  |  | December 31, 2023 |
ASSETS |  |  |  |  |  |
Operating lease right-of-use assets |  | $ | 640,387 |  |  | $ | 809,283 |
LIABILITIES |  |  |  |  |  |  |  |
Operating lease liabilities (current) |  |  | 403,581 |  |  |  | 401,826 |
Operating lease liabilities (non-current) |  |  | 236,807 |  |  |  | 407,457 |
Schedule of Company’s Lease Expenses | The following provides details of the Company’s lease expenses:
|  | Year Ended December 31, |
|  | 2024 |  |  | 2023 |
Operating lease expenses |  | $ | 514,420 |  |  | $ | 358,576 |
Other information related to leases is presented below:
|  | Year Ended December 31, |
|  | 2024 |  |  | 2023 |
Cash paid for amounts included in the measurement of operating lease liabilities |  | $ | 484,181 |  |  | $ | 358,576 |
|  | December 31, 2024 |  |  | December 31, 2023 |
Weighted Average Remaining Lease Term: |  |  |  |  |  |
Operating leases |  |  | 2.48 years |  |  |  | 1.73 years |
Weighted Average Discount Rate: |  |  |  |  |  |  |  |
Operating leases |  |  | 1.19 | % |  |  | 1.50 | %
Schedule of Minimum Future Annual Payments Under Non-Cancellable Leases | The minimum future annual payments under non-cancellable leases during the next five years and thereafter, at rates now in force, are as follows:
|  | Operating leases |
2025 |  | $ | 409,587 |
2026 |  |  | 104,236 |
2027 |  |  | 47,320 |
2028 |  |  | 47,320 |
2029 |  |  | 47,320 |
Thereafter |  |  | - |
Total future minimum lease payments, undiscounted |  |  | 655,782 |
Less: Imputed interest |  |  | (15,395 | )
Present value of future minimum lease payments |  | $ | 640,387 |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
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- Definition Tabular disclosure of components of income from operating lease. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479773/842-30-50-5 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-6A + Details
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