Company: JUNS
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001261
Chunk: 86

Company: JUPITER NEUROSCIENCES, INC.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 15
Chunk 86
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”) is summarized below: 

    Office lease ROU 
    $236,009  
    $236,009 
  
    Less accumulated reduction 
     (166,367) 
     (119,939)
  
    Balance of ROU, net 
    $69,642  
    $116,070 

    Operating lease liability related to the ROU asset is summarized below: 

    Office lease liability 
    $236,009  
    $236,009 
  
    Reduction of lease liability 
     (164,680) 
     (116,467)
  
    Total 
    $71,329  
    $119,542 

Future
minimum lease liability payments under non-cancelable operating lease at December 31, 2024 and 2023 are as follows:

Schedule
of Future Minimum Lease Liability Payments Under Non-cancelable Operating Lease

    2024 
     -  
     49,004 
  
    2025 
     50,476  
     50,476 
  
    2026 
     21,290  
     21,290 
  
    Total lease payments 
     71,766  
     120,770 
  
    Less: imputed interest 
     (437) 
     (1,228)
  
    Total lease liabilities 
    $71,329  
    $119,542 

    Current operating lease liabilities 
     50,082  
     48,213 
  
    Non-current operating lease liabilities 
     21,247  
     71,329 
  
    Total lease liabilities 
    $71,329  
    $119,542 

    F-23

JUPITER
NEUROSCIENCES, INC.

NOTES
TO FINANCIAL STATEMENTS

December
31, 2024 and 2023

Note
8 – Commitments and Contingencies, continued

Office
Lease, continued

On
October 1, 2021, the Company entered into a month-to-month lease for office space in Charlestown, MA.

Rental
expenses of $17,740 and $20,844 for the years ended December 31, 2024 and 2023, respectively, are included in general and administrative
expenses on the accompanying statement of operations.

Consulting
Agreements

The
Company utilizes various consultants and advisors for clinical