v3.26.1
LEASES (Tables)
3 Months Ended
Mar. 31, 2026
Leases  
SCHEDULE OF OPERATING RIGHT OF USE OF ASSETS

The following is a summary of the Company’s operating right-of-use assets and operating lease liabilities as of March 31, 2026:

 

      
Right-of-use assets  $5,055,090 
Current operating lease liabilities  $670,825 
Noncurrent operating lease liabilities  $5,502,072 
SCHEDULE OF MATURITY OF OPERATING LEASE LIABILITIES

The table below reconciles the undiscounted future minimum lease payments under the above noted operating leases to the total operating lease liabilities recognized on the unaudited consolidated balance sheet as of March 31, 2026:

 

     
Remaining portion of fiscal year 2026  $950,385 
Fiscal year 2027   1,225,154 
Fiscal year 2028   925,152 
Fiscal year 2029   765,837 
Fiscal year 2030   794,164 
Thereafter   5,064,559 
Less: imputed interest   (3,552,354)
Present value of operating lease liabilities  $6,172,897 
SCHEDULE OF CASH FLOW AND BALANCE SHEET INFORMATION RELATED OF OPERATING LEASE LIABILITIES

Supplemental cash flow information related to operating lease liabilities consisted of the following:

 

   March 31, 
   2026   2025 
Cash paid for operating lease liabilities  $310,012   $188,818 

 

Supplemental balance sheet information related to operating lease liabilities consisted of the following:

 

  

March 31,

2026

  

December 31,

2025

 
Weighted average remaining lease term in years   10.14    10.26 
Weighted average discount rate   10.90%   10.93%