Other Expense |
Other Expense The Company recognized $436,394 and $581,655 of other expense for the three months ended June 30, 2025 and 2024, respectively, as set forth in the table below.
The Company recognized $1,241,943 and $734,639 of other expense for the six months ended June 30, 2025 and 2024, respectively, as set forth in the table below.
| | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | | | 2025 | | 2024 | | 2025 | | 2024 | Other expense: | | | | | | | | Interest expense, net | $ | 443,662 | | | $ | 513,650 | | | $ | 869,946 | | | $ | 882,658 | | Change in fair value of contingent liability | — | | | 332,638 | | | — | | | 326,192 | | Loss on equity method investments | 38,817 | | | 64,014 | | | 79,515 | | | 147,181 | | Loss on remeasurement of operating and finance leases | 6,607 | | | 21,192 | | | 47,444 | | | 25,889 | | Loss (gain) on disposal of fixed assets | 48,354 | | | (12,563) | | | 33,215 | | | (65,398) | | Other (income) expense | (101,046) | | | (337,276) | | | 211,823 | | | (581,883) | | Total other expense | $ | 436,394 | | | $ | 581,655 | | | $ | 1,241,943 | | | $ | 734,639 | |
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