Note 14—Leases

Operating Leases

The Company entered into a lease for office space in June 2026 which expires in June 2028.

Future minimum lease payments included in the measurement of operating lease liabilities on the condensed consolidated balance sheet as of June 30, 2026, were as follows:

 Schedule of Future Estimated Minimum Lease Payments Measurement Operating Leases Liabilities

Total operating lease expense was $17,490 and $2,700 for the three months ended June 30, 2026 and 2025, respectively. Total operating lease expense was $17,490 and $10,800 for the six months ended June 30, 2026 and 2025, respectively. Operating lease expense is recorded in general and administrative expenses in the Company’s condensed consolidated statements of operations. The weighted-average discount rate and remaining lease term in years as of June 30, 2026 was 10.58% and 1.97, respectively. Total amortization expense for the ROU asset was $14,246 and $0 for the three months ended June 30, 2026 and 2025, respectively.