Leases

3 Months Ended

Mar. 31, 2025

Leases [Abstract]

Leases

Note 5 – Leases

Operating Lease:

The Company maintains a month-to-month lease for its research facilities at the Princeton Innovation Center BioLabs located at 303A College Road E, Princeton NJ, 08540.

Leases

Financing Lease:

The Company has financed certain laboratory equipment as follows:

	As of March 31,
	2025		2024
Cash paid for finance lease liabilities	$	17,463	$	17,463

Maturity of the Company’s financing lease liabilities is as follows:

Year ended December 31,
2025	$	52,387
2026		40,108
2027 and after		26,724
Total future minimum lease payments		119,219
Less imputed interest		(11,008	)
Remaining lease liability	$	108,211

The Company entered into four financing leases for laboratory equipment with a total cost of $251,959 with four to five-year terms and a capitalized interest rate of 9.15%. Each of the lease agreements include a bargain purchase option to acquire the equipment at the end of the lease term. The aggregate monthly payments are approximately $6,000.