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Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Lease Expense
The table below summarizes the components of lease expense and income statement location for the years ended December 31, 2024 and December 31, 2023:
Years Ended December 31,
Line Item in the Company’s Consolidated Income Statements20242023
Operating lease costs:
Operating lease costsGeneral and administrative expenses$257,154 $257,112 
Total lease costs$257,154 $257,112 
Schedule of Supplemental Lease Information
Supplemental information and balance sheet location related to leases for the years ended December 31, 2024 and December 31, 2023 was as follows:
Years Ended December 31,
20242023
Operating Leases:
Operating lease right-of -use asset$245,384 $466,268 
Operating lease liability, current portion$448,285 $412,601 
Operating lease liability, net of current portion— 448,308 
Total operating lease liability$448,285 $860,909 
Weighted average remaining lease term (in years):
Operating leases1.02.0
Weighted average discount rate:
Operating leases5.7 %5.7 %
Supplemental cash flow information related to leases for the years ended December 31, 2024 and December 31, 2023 were as follows:
Years Ended December 31,
20242023
Cash paid for amounts included in measurement of liabilities:
Operating cash flows from operating leases$448,809 $437,833 
Non-cash transactions: ROU assets obtained in exchange for lease liabilities
Operating lease— — 
Finance lease— — 
Schedule of Maturities of Operating Lease Liabilities
Maturities of lease liabilities as of December 31, 2024 were as follows:
Operating Leases
2025$460,056 
2026— 
2027— 
2028— 
2029— 
Thereafter— 
Total lease payments460,056 
Less: Imputed interest(11,771)
Total lease obligations448,285 
Less: Current obligations(448,285)
Long-term lease obligation$
The following table summarizes our material contractual obligations from continuing operations subsequent to the execution of the amendment to the corporate headquarters lease agreement and the effect that such obligations are expected to have on our liquidity and cash flows in future periods:
Payments Due by Fiscal Year
Total20252026202720282029Thereafter
Operating leases$2,881,783 460,056 268,791 467,453 479,129 491,076 715,278