v3.25.2
Right-of-Use Assets and Lease Liabilities (Tables)
 6 Months Ended
Jun. 30, 2025
Right-of-Use Assets and Lease Liabilities [Abstract]  
Schedule of Right-of-Use Assets and Lease Liabilities The lease agreements generally do not contain any material residual value guarantees or material restrictive covenants.
   As of June 30, 2025   As of December 31, 2024 
       Accumulated       Accumulated 
   Cost   Depreciation   Cost   Depreciation 
Right-of-use assets  $5,059,457   $(2,715,532)  $4,109,922   $(2,356,822)
Net book value       $2,343,925        $1,753,100 

Supplemental balance sheet information related to the operating lease liabilities is as follows:

 

  

As of

June 30,
2025

   As of
December 31, 2024		 
Weighted-average remaining lease term   1.98 years       1.85 years 
Weighted-average discount rate   7.67%   7.26%
Schedule of Future Minimum Lease Payments

The following shows the future minimum lease payments for the remaining years under the lease arrangement as of June 30, 2025.

 

2025  $717,845 
2026   1,312,237 
2027   627,722 
    2,657,804 
Less: imputed interest   (242,496)
    2,415,308 
Current portion  $1,223,850 
Long-term portion  $1,191,458 

 

*Imputed interest represents the difference between future cash flows and discounted cash flows.