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Leases
6 Months Ended
Jun. 30, 2025
Leases  
Leases

3. Leases

The Company is party to one operating lease for office and laboratory space. The Company’s finance leases are immaterial both individually and in the aggregate. The Company has elected to apply the short-term lease exception to

all leases of one year or less. Rent expense for the three months ended June 30, 2025 and 2024 was $23,336 and $19,997, respectively, which is included in operating expenses. Rent expense for the six months ended June 30, 2025 and 2024 was $46,560 and $39,995, respectively, which is included in operating expenses.

The Company has an annual operating lease for office and laboratory space in Doylestown, Pennsylvania which was amended in October 2024 and is currently set to expire on October 31, 2025. Rent expense under this lease is $110,000 annually and the Company has applied the short-term exception to this lease. The Company has no lease obligations beyond October 2025.