v3.25.2
LEASES (Tables)
12 Months Ended
Dec. 31, 2024
LEASES  
Schedule of components of lease costs

    

2024

    

2023

Operating lease costs

$

172,974

$

168,995

Short-term lease costs

181,718

209,102

Finance lease costs

 

  

 

  

Amortization of ROU assets

 

121,457

 

118,851

Interest on lease liabilities

 

19,000

 

18,956

Total lease costs

$

495,149

$

515,904

Schedule of weighted-average lease terms and discount rates

2024

    

2023

Weighted-average remaining lease term (in years)

Operating leases

 

2.5 years

2.52 years

Finance leases

 

1.7 years

2.55 years

Weighted-average discount rate

 

Operating leases

 

14.2%

8.0%

Finance leases

 

8.0%

8.0%

Summary of maturities of lease liabilities

The following tables provides a summary of lease liability maturities as of December 31, 2024:

    

Finance

    

    

    

 Leases

    

Operating Leases

    

Total

2025

$

113,506

$

143,412

$

256,918

2026

 

62,634

 

86,291

 

148,925

2027

 

33,814

 

64,744

 

98,558

Total undiscounted lease payments

 

209,954

 

294,447

 

504,401

Less: imputed interest

 

(14,836)

 

(42,088)

 

(56,924)

Total lease liabilities

$

195,118

$

252,359

$

447,477