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Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2024
Commitments and Contingencies [Abstract]  
Operating Right-of-Use Assets and Lease Liabilities
Operating right-of-use assets and lease liabilities consist of the following as of December 31:

   
2024
   
2023
 
Lease right-of-use assets
 
$
1,805,543
     
2,380,225
 

Lease liabilities:
 
2024
   
2023
 
Lease liabilities – current portion
 
$
517,967
     
406,636
 
Lease liabilities – long-term portion
   
1,518,100
     
2,036,067
 
Total
 
$
2,036,067
     
2,442,703
 
Lease Cost Operating lease expenses are included in general and administrative expenses in the Company’s statements of comprehensive loss and are summarized as follows for the years ending December 31:

Lease cost:
 
2024
   
2023
 
Operating lease cost
 
$
619,796
     
469,995
 
Short-term lease cost
   
7,765
     
6,917
 
Variable lease cost
   
148,109
     
78,367
 
Total
 
$
775,670
     
555,279
 
Lessee Operating and Financing Lease Liability Maturity

The following table summarizes the Company’s undiscounted cash payment obligations for its operating lease liabilities with initial terms of more than twelve months as of December 31, 2024:

Operating leases:
     
2025
 
$
629,340
 
2026
   
654,514
 
2027
    680,694  
2028
   
707,922
 
2029
   
243,835
 
Total undiscounted lease payments -operating leases
   
2,916,305
 
Less:   imputed interest
   
(880,238
)
Lease liability
   
2,036,067
 
Less: current portion of lease liability
   
(517,967
)
Lease liability, less current portion
 
$
1,518,100