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Leases (Tables) | 3 Months Ended
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Mar. 31, 2025
Leases [Abstract] |
Schedule of Operating Leases | The following table summarizes the Company’s operating leases for the periods presented:
|  | Three Months Ended |
|  | March 31, |
|  | 2025 |  |  | 2024 |
JEC Lease: |  |  |  |  |  |
Cash paid for amounts included in the measurement of operating lease liabilities: |  | $ | 20,550 |  |  | $ | 20,841 |
Weighted average assumptions: |  |  |  |  |  |  |  |
Remaining lease term |  |  | 0.7 |  |  |  | 0.9 |
Discount rate |  |  | 2.3 | % |  |  | 2.3 | %
Iron Mountain Lease: |  |  |  |  |  |  |  |
Cash paid for amounts included in the measurement of operating lease liabilities: |  | $ | 53,301 |  |  | $ | -- |
Weighted average assumptions: |  |  |  |  |  |  |  |
Remaining lease term |  |  | 1.1 |  |  |  | -- |
Discount rate |  |  | 4.8 | % |  |  | -- |
ADC Lease: |  |  |  |  |  |  |  |
Cash paid for amounts included in the measurement of operating lease liabilities: |  | $ | 160,042 |  |  | $ | -- |
Weighted average assumptions: |  |  |  |  |  |  |  |
Remaining lease term |  |  | 2.4 |  |  |  | -- |
Discount rate |  |  | 4.8 | % |  |  | -- |
Schedule of Future Minimum Payments Under Non-Cancelable Operating Leases | As of March 31, 2025, future minimum payments under non-cancelable operating leases were as follows:
For the years ending December 31, |  | Amount |
2025 |  | $ | 660,770 |
2026 |  |  | 713,920 |
2027 |  |  | 392,347 |
Total |  |  | 1,767,037 |
Less: present value adjustment |  |  | (82,917 | )
Present value of minimum lease payments |  | $ | 1,684,120 |

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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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