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Leases
9 Months Ended
Sep. 30, 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 September 30,
 
   
2025
   
2024
 
Cash paid for finance lease liabilities
 
$
52,388
   
$
52,388
 


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

Year ended December 31,
     
2025
  $
17,462
 
2026
   
40,108
 
2027 and after
   
26,724
 
Total future minimum lease payments
   
84,294
 
Less imputed interest
   
(6,635
)
Remaining lease liability
 
$
77,659
 


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.