4. Leases

As of September 30, 2025, the Company had one operating lease for its corporate office that commenced in 2024, for which the Company recorded a right-of-use asset and lease liability as of the commencement date. The Company's lease does not contain a purchase option. Where the Company's lease contains an option to extend the lease term, the extended lease term is only included in the measurement of the lease when it is reasonably certain to remain in the lease beyond the non-cancellable term. The Company's lease also contains variable lease costs, which pertain to common area maintenance and other operating charges, that are expensed as incurred.

Balance sheet information related to the Company's lease is presented below:

		Nine Months Ended September 30,		Year Ended December 31,
		2025		2024
Operating lease
Operating lease right-of-use assets	$	196,249	$	268,571
Operating lease liabilities - current		141,070		116,323
Operating lease liabilities - non-current		95,188		205,945

Other information related to leases is presented below:

		Nine Months Ended September 30,		Nine Months Ended September 30,
		2025		2024
Lease cost
Operating lease cost	$	92,483	$	92,483
Other information
Operating cash flows used in operating leases		106,171		35,040
Remaining lease term (in years)		1.75		2.75
Discount rate		10%		10%

As of September 30, 2025, the annual future minimum lease payments of the Company's operating lease liabilities were as follows:

2025	$	145,448
2026		111,522
Total future minimum lease payments, undiscounted		256,969
Present value discount		(20,711	)
Total lease liability	$	236,258