v3.25.2
Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 2025
Commitments And Contingencies Disclosure [Abstract]  
Schedule of Other information Related to Leases

Other information related to leases as of the three and six month periods ended June 30, 2025 and 2024 was as follows:

 

 

 

 

For the Three Months Ended June 30,

 

 

For the Six Months Ended June 30,

 

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Operating lease expense

 

 

$

278,673

 

 

$

201,487

 

 

$

483,563

 

 

$

375,902

 

 Total lease expense

 

 

$

278,673

 

 

$

201,487

 

 

$

483,563

 

 

$

375,902

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash paid for amounts included in the measurement of operating lease liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

 

$

130,756

 

 

$

174,014

 

 

$

260,318

 

 

$

348,429

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average remaining lease term - operating leases

 

 

 

 

 

 

 

 

97.1 months

 

 

69.5 months

 

Weighted-average discount rate - operating leases

 

 

 

 

 

 

 

 

9.04%

 

 

13.60%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Summary of Maturity of Operating Lease Liabilities

The following table presents the maturity of the Company’s operating lease liabilities as of June 30, 2025:

 

Year

Operating Leases

 

Remaining 2025

$

398,105

 

2026

 

769,530

 

2027

 

762,487

 

2028

 

766,426

 

2029

 

783,223

 

Thereafter

 

2,204,577

 

Total lease payments

 

5,684,348

 

Less: Amount representing interest

 

(1,380,789

)

Present value of lease payment

 

4,303,559

 

Less: current portion of operating lease obligation

 

(457,302

)

Operating lease obligation, net of current portion

$

3,846,257