Leases

12 Months Ended

Dec. 31, 2025

Leases [Abstract]

LEASES

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 year ended December 31, 2025, the operating lease cost was $0.22 million.

The Company’s operating leases have remaining lease terms of approximately 17 months. As of December 31, 2025, the weighted average remaining lease term and weighted average discount rate were 1.40 years and 4.90%, respectively.

Maturities of lease liabilities were as follows:

	Operating
As of December 31, 2025	Lease
From January 1, 2026 to December 31, 2026	$	178,762
From January 1, 2027 to December 31, 2027		31,252
Total	$	210,014
Less: amounts representing interest	$	4,662
Present Value of future minimum lease payments		205,352
Less: Current obligations		174,423
Long-term obligations	$	30,929

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 year ended December 31, 2025.