Leases (Tables)
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3 Months Ended |
Mar. 31, 2026 |
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| Leases [Abstract] |
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| Supplemental Information Related to Leases |
Supplemental information related to operating leases for the three months ended March 31, 2026 and 2025 was as follows: | | | | | | | | | | | | | | | | | March 31, 2026 | | March 31, 2025 | | Cash paid for amounts included in the measurement of operating lease liabilities | | $ | 149,101 | | | $ | 143,961 | | | Right-of-use assets obtained in exchange for operating lease liabilities | | $ | — | | | $ | 115,857 | | | Weighted-average remaining lease term - operating leases | | 3.3 Years | | 3.9 Years | | Weighted-average discount rate - operating leases | | 7.6 | % | | 7.6 | % | | | | | |
Lease expense for finance leases for the three months ended March 31, 2026 and 2025 was as follows: | | | | | | | | | | | | | | | | | March 31, 2026 | | March 31, 2025 | | Finance lease cost: | | | | | | Depreciation of right-of-use assets | | $ | 93,420 | | | $ | 32,167 | | | Interest on lease liabilities | | 32,579 | | | 12,888 | | | Total finance lease cost | | $ | 125,999 | | | $ | 45,055 | |
Supplemental information related to finance leases for the three months ended March 31, 2026 and 2025 was as follows: | | | | | | | | | | | | | | | | | March 31, 2026 | | March 31, 2025 | | Cash paid for amounts included in the measurement of finance lease liabilities | | $ | 126,926 | | | $ | 76,809 | | | Right-of-use assets obtained in exchange for finance lease liabilities | | 265,420 | | | 226,794 | | | Weighted-average remaining lease term - finance leases | | 3.8 Years | | 4.4 years | | Weighted-average discount rate - finance leases | | 10.4 | % | | 10.3 | % |
Supplemental balance sheet information related to finance leases as of March 31, 2026 and December 31, 2025 was as follows:
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| Future Minimum Lease Commitments |
Future minimum lease commitments under non-cancellable operating and finance leases as of March 31, 2026 were as follows: | | | | | | | | | | | | | | | | | | | | | | | Operating Leases | | Finance Leases | | Total | | Year 1 | | $ | 574,415 | | | $ | 487,808 | | | $ | 1,062,223 | | | Year 2 | | 487,009 | | | 453,300 | | | 940,309 | | | Year 3 | | 384,944 | | | 441,073 | | | 826,017 | | | Year 4 | | 79,857 | | | 309,580 | | | 389,437 | | | Year 5 | | 52,195 | | | 41,422 | | | 93,617 | | | | | | | | | | Total lease payments | | 1,578,420 | | | 1,733,183 | | | 3,311,603 | | | Less: imputed interest | | 158,191 | | | 298,225 | | | 456,416 | | | Total | | $ | 1,420,229 | | | $ | 1,434,958 | | | $ | 2,855,187 | |
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| Assets and Liabilities, Lessee |
Supplemental balance sheet information related to operating leases as of March 31, 2026 and December 31, 2025 was as follows: | | | | | | | | | | | | | | | | | March 31, 2026 | | December 31, 2025 | | Operating leases | | | | | | Right-of-use assets - operating leases | | $ | 1,366,435 | | | $ | 1,490,094 | | | | | | | | Operating lease liability, current portion | | $ | 527,990 | | | $ | 538,641 | | | Operating lease liability, net of current portion | | 892,239 | | | 1,004,488 | | | Total operating lease liability | | $ | 1,420,229 | | | $ | 1,543,129 | |
| | | | | | | | | | | | | | | | | March 31, 2026 | | December 31, 2025 | | Finance leases | | | | | | Right-of-use assets - finance leases | | $ | 1,606,080 | | | $ | 1,434,080 | | | | | | | | Finance lease liability, current portion | | $ | 349,943 | | | $ | 280,265 | | | Finance lease liability, net of current portion | | 1,085,015 | | | 992,285 | | | Total finance lease liability | | $ | 1,434,958 | | | $ | 1,272,550 | |
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