Leases (Tables)
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6 Months Ended |
Jun. 30, 2025 |
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| Leases |
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| Schedule of components of the Company's lease expenses |
| | | | | | | | | | | | | | | June 30, | | June 30, | | | 2025 | | 2024 | Finance lease cost | | | | | | | Depreciation of ROU assets | | $ | 165,024 | | $ | 286,882 | Interest on lease liabilities | | | 7,158,613 | | | 7,095,154 | Operating lease costs | | | 1,840,085 | | | 924,929 | Total lease costs | | $ | 9,163,722 | | $ | 8,306,965 |
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| Schedule of future minimum lease payments of operating leases |
| | | | | | | | | | | | Operating Leases | | Finance Leases | | | | | | June 30, 2025 | | June 30, 2025 | | Total | 2025 | | $ | 4,547,220 | | $ | 6,928,944 | | $ | 11,476,164 | 2026 | | | 8,929,972 | | | 14,183,661 | | | 23,113,633 | 2027 | | | 8,720,658 | | | 14,606,527 | | | 23,327,185 | 2028 | | | 8,174,143 | | | 15,042,128 | | | 23,216,271 | 2029 | | | 7,088,413 | | | 15,490,852 | | | 22,579,265 | Thereafter | | | 23,594,331 | | | 203,082,066 | | | 226,676,397 | Total minimum lease payments | | $ | 61,054,737 | | $ | 269,334,178 | | $ | 330,388,915 | Less discount to net present value | | | (19,672,643) | | | (173,790,735) | | | (193,463,378) | Less liabilities held for sale | | | (2,481,882) | | | (86,897,778) | | | (89,379,660) | Present value of lease liability | | $ | 38,900,212 | | $ | 8,645,665 | | $ | 47,545,877 |
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| Schedule of future minimum lease payments of financing leases |
| | | | | | | | | | | | Operating Leases | | Finance Leases | | | | | | June 30, 2025 | | June 30, 2025 | | Total | 2025 | | $ | 4,547,220 | | $ | 6,928,944 | | $ | 11,476,164 | 2026 | | | 8,929,972 | | | 14,183,661 | | | 23,113,633 | 2027 | | | 8,720,658 | | | 14,606,527 | | | 23,327,185 | 2028 | | | 8,174,143 | | | 15,042,128 | | | 23,216,271 | 2029 | | | 7,088,413 | | | 15,490,852 | | | 22,579,265 | Thereafter | | | 23,594,331 | | | 203,082,066 | | | 226,676,397 | Total minimum lease payments | | $ | 61,054,737 | | $ | 269,334,178 | | $ | 330,388,915 | Less discount to net present value | | | (19,672,643) | | | (173,790,735) | | | (193,463,378) | Less liabilities held for sale | | | (2,481,882) | | | (86,897,778) | | | (89,379,660) | Present value of lease liability | | $ | 38,900,212 | | $ | 8,645,665 | | $ | 47,545,877 |
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| Schedule of supplemental cash flow information related to the Company's leases |
| | | | | | | | | Six Months Ended | | | June 30, | | | 2025 | | 2024 | Cash paid for amounts included in the measurement of lease liabilities: | | | | | | | Lease principal payments - finance | | $ | — | | $ | 111,560 | Lease principal payments - operating | | | 831,317 | | | 281,874 | Non-cash additions to ROU assets | | | 320,531 | | | 9,270,915 | Amortization of operating leases | | | 935,336 | | | 577,715 |
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| Schedule of other information about the Company's lease |
| | | | | | | | | June 30, | | | | | 2025 | | 2024 | | | Weighted-average remaining lease term (years) – operating leases | | 7.33 | | 7.96 | | | Weighted-average remaining lease term (years) – finance leases | | 15.59 | | 16.58 | | | Weighted-average discount rate – operating leases | | 10.93 | % | 8.35 | % | | Weighted-average discount rate – finance leases | | 16.19 | % | 16.20 | % | |
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