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Commitments and contingencies | 12 Months Ended
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Dec. 31, 2025
Commitments and Contingencies Disclosure [Abstract] |
Commitments and contingencies | Note 7. Commitments and contingencies In the ordinary course of business, the Company enters into various agreements containing standard indemnification provisions. The Company’s indemnification obligations under such provisions are typically in effect from the date of execution of the applicable agreement through the end of the applicable statute of limitations. The aggregate maximum potential future liability of the Company under such indemnification provisions is uncertain. As of December 31, 2025 and 2024, no amounts have been accrued related to such indemnification provisions. From time to time, the Company may be exposed to litigation in connection with its operations. The Company’s policy is to assess the likelihood of any adverse judgments or outcomes related to legal matters, as well as ranges of probable losses. The Company’s former corporate headquarters were located in Baltimore, Maryland, which included a lease for office space. This lease began in November 2021 and ended April 2024. The lease was not renewed after April 2024. In April 2024, the Company moved to a virtual office model and does not have a physical office space as of December 31, 2025 nor 2024. The Company had leased an office in Tampa, Florida, for its finance and general operations, which began in March 2022 for 37 months. On December 1, 2023, the Company formally terminated the lease with the landlord. There was a remaining deposit due from the landlord to the Company of $0.005 million, which was collected as of December 31, 2024. Variable lease costs Variable lease costs primarily include utilities, property taxes, and other operating costs that are passed on from the lessor. Schedule of Lease Expense
|  | 2025 |  |  | 2024 |
|  | For the year ended December 31, |
|  | 2025 |  |  | 2024 |
Lease costs |  |  |  |  |  |
Operating lease costs |  | $ | — |  |  | $ | 5,092 |
Variable lease costs |  |  | — |  |  |  | — |
Total lease cost |  | $ | — |  |  | $ | 5,092 |
Supplemental cash flow information related to leases was as follows: Schedule of Cash Flow Information Related to Leases
|  | 2025 |  |  | 2024 |
|  | For the year ended December 31, |
|  | 2025 |  |  | 2024 |
Other lease information |  |  |  |  |  |  |  |
Cash paid for amounts included in the measurement of lease liabilities |  |  |  |  |  |  |  |
Operating cash flows from operating leases |  | $ | — |  |  | $ | 5,092 |
MIRA PHARMACEUTICALS, INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS DECEMBER 31, 2025 AND 2024

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