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Subsequent Events | 6 Months Ended
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Jun. 30, 2026
Subsequent Events [Abstract] |
SUBSEQUENT EVENTS | NOTE 14 — SUBSEQUENT EVENTS The Company evaluated subsequent events and transactions that occurred after the balance sheet date up to the date that the financial statements were issued. The Company did not identify any subsequent events, except as noted below, that would have required adjustment or disclosure in the financial statements. Office lease In July 2026, the Company entered into a Commercial Sublease Agreement (the “Sublease”) with American State Bank, a Texas banking association, for approximately 3,766 rentable square feet of office space at 1900 N. Pearl Street, Suite 1750, Dallas, Texas 75201, which serves as the Company’s corporate headquarters. The Sublease has a term of 53 months commencing July 13, 2026 and expiring November 30, 2030. Base rent under the Sublease is as follows:
Period |  | Annual Rate (per RSF) |  |  | Monthly Base Rent |  |  | Lease Year
7/13/26 – 11/30/26 |  | $ | 33.83 |  |  | $ | 10,617 |  |  | 1
12/1/26 – 11/30/27 |  | $ | 34.68 |  |  | $ | 10,884 |  |  | 2
12/1/27 – 11/30/28 |  | $ | 35.55 |  |  | $ | 11,157 |  |  | 3
12/1/28 – 11/30/29 |  | $ | 36.44 |  |  | $ | 11,436 |  |  | 4
12/1/29 – 11/30/30 |  | $ | 37.35 |  |  | $ | 11,722 |  |  | 5
In addition to base rent, the Company is obligated to pay its proportionate share of operating expenses, real estate taxes, and landlord insurance (NNN), estimated at $26.76 per rentable square foot for 2026 (approximately $8,404 per month), subject to annual reconciliation. Upon execution, the Company paid a security deposit of $21,906 and prepaid rent of $131,436, which may be applied against future rent obligations one time per calendar quarter beginning December 1, 2027. Total amounts paid to the Sublessor upon commencement, including the security deposit, prepaid rent, and prorated July 2026 rent and NNN, were $165,420. The Company has determined that the Sublease constitutes an operating lease under ASC 842, Leases. The total undiscounted future minimum base rent payments over the 53-month term are approximately $1,135,146. The right-of-use asset and corresponding lease liability will be recognized on the Company’s condensed consolidated balance sheet as of the commencement date of July 15, 2026 and will be reflected in the Company’s financial statements for the period ending September 30, 2026.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/855/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483399/855-10-50-2 + Details
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