Finance Leases |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Finance Leases [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| FINANCE LEASES | NOTE 14 – FINANCE LEASES
The Company’s leases are mainly related to graphite anode material manufacturing equipment leases from financial lease companies. Finance lease contracts offer the Company an option to purchase assets at a nominal amount by the end of the lease term and it is reasonably certain the Company will exercise that option. The Company amortizes the finance lease right-of-use asset to the end of the useful life of the underlying asset.
As of December 31, 2025, the Company’s finance leases had a weighted average remaining lease term of 0.37 years and a weighted average discount rate of 8.04%.
The components of lease expense for the years ended December 31, 2025, 2024 and 2023 were as follows:
Maturity of lease liabilities under the finance leases as of December 31, 2025 were as follows:
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