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Leases

9 Months Ended

Sep. 30, 2025

Leases [Abstract]

8. LEASES

The Company’s non-cancellable operating leases consist of leases for office space. The Company is the lessee under the terms of the operating leases. For the nine months ended September 30, 2025, the operating lease cost was $0.16 million.

The Company’s operating leases have remaining lease terms of approximately 16 months. As of September 30, 2025, the weighted average remaining lease term and weighted average discount rate were 1.37 years and 4.89%, respectively.

Maturities of lease liabilities were as follows:

		Operating
As of September 30,		Lease
From October 1, 2025 to September 30, 2026		$	193,245
From October 1, 2026 to September 30, 2027			68,248
Total		$	261,493
Less: amounts representing interest		$	7,189
Present Value of future minimum lease payments			254,304
Less: Current obligations			186,689
Long term obligations		$	67,615

The Company leases office space and equipment under various short-term operating leases. As permitted by ASC 842, the Company has elected the practical expedient for short-term leases, whereby lease assets and lease liabilities are not recognized on the balance sheet. Short term leases cost was nil for the nine months ended September 30, 2025.