| Lease, Cost |
The components of lease costs recognized within our consolidated statements of operations for the years ended December 31, 2025, 2024, and 2023 were as follows: | | | | | | | | | | | | | | | | | | | | | | | 2025 | | 2024 | | 2023 | | | | | | | | | Cost of revenues - Freight and rail | | $ | 6,144,955 | | | $ | 4,932,702 | | | $ | 4,264,107 | | | Cost of revenues - Production | | 778,169 | | | 300,902 | | | 272,805 | | | Administration expenses | | 20,124 | | | 18,735 | | | 17,542 | | | Total operating lease costs | | $ | 6,943,248 | | | $ | 5,252,339 | | | $ | 4,554,454 | |
The following summarizes the supplemental cash flow information for the years ended December 31: | | | | | | | | | | | | | | | | | | | | | | | 2025 | | 2024 | | 2023 | | Cash paid for amounts included in measurement of lease liabilities | | $ | 6,171,763 | | | $ | 4,674,912 | | | $ | 4,146,569 | | | | | | | | | | Supplemental non-cash information: | | | | | | | | Right-of-use assets obtained in exchange for lease liabilities | | $ | 55,963,206 | | | $ | 11,123,660 | | | $ | 8,956,408 | |
The following summarizes the weighted-average remaining lease term and weighted-average discount rate as of December 31, 2025: | | | | | | | | | | Weighted-average remaining lease term - operating leases (in years) | | 10.8 | | Weighted-average discount rate - operating leases | | 4.35 | % |
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| Lessee, Operating Lease, Liability, Maturity |
The following is a maturity analysis of the undiscounted cash flows of the operating lease liabilities as of December 31, 2025: | | | | | | | | | | | | | | | | | | | | | | | Railcars | | Other | | Total | | Year ended December 31: | | | | | | | | 2026 | | $ | 11,193,467 | | | $ | 476,719 | | | $ | 11,670,186 | | | 2027 | | 10,450,997 | | | 474,830 | | | 10,925,827 | | | 2028 | | 10,312,687 | | | 461,612 | | | 10,774,299 | | | 2029 | | 10,312,687 | | | 426,879 | | | 10,739,566 | | | 2030 | | 9,714,187 | | | 366,831 | | | 10,081,018 | | | Thereafter | | 49,709,684 | | | 536,352 | | | 50,246,036 | | | Total lease payments | | 101,693,709 | | | 2,743,223 | | | 104,436,932 | | | Less amount of lease payments representing interest | | (20,671,126) | | | (430,208) | | | (21,101,334) | | | Total present value of lease payments | | $ | 81,022,583 | | | $ | 2,313,015 | | | $ | 83,335,598 | |
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