v3.25.1
Leases (Tables)
 3 Months Ended
Mar. 31, 2025
Leases  
Schedule of Lease Components

As of March 31, 2025, the Company’s lease components included in the consolidated balance sheet were as follows:

 

Lease component  Balance sheet classification  March 31, 2025 
Assets        
ROU assets – operating lease  Other assets  $2,222,706 
Total ROU assets     $2,222,706 
         
Liabilities        
Current operating lease liability  Current liabilities  $247,750 
Long-term operating lease liability  Other liabilities   2,124,736 
Total lease liabilities     $2,372,486 
Schedule of Future Minimum Lease Payments

Future minimum lease payments as of March 31, 2025 were as follows:

 

      
2025   381,109 
2026   518,972 
2027   489,807 
2028   379,172 
2029 and beyond   1,950,150 
Total future minimum lease payments  $3,719,210 
Less: Interest   (1,346,724)
Total operating lease liabilities  $2,372,486