v3.26.1
Operating Lease (Tables)
 3 Months Ended
Mar. 31, 2026
Operating Lease [Abstract]  
Schedule of Operating Lease Related Assets and Liabilities

The table below presents the operating lease related assets and liabilities recorded on the consolidated balance sheets. 

 

   March 31,
2026		   December 31,
2025		 
Right of use assets  $33,548,825   $34,354,338 
           
Operating lease liabilities, current   3,271,804    2,867,727 
Operating lease liabilities, noncurrent   33,758,680    34,474,040 
Total operating lease liabilities  $37,030,484   $37,341,767 

 

Other information about the Company’s leases is as follows:

 

   For the Three Months Ended
March 31,		 
   2026   2025 
Operating cash flows used in operating leases  $1,098,165   $1,098,165 
Weighted average remaining lease term (years)   9.3    10.3 
Weighted average discount rate   7.5%   6.8%
Schedule of Maturities of Lease Liabilities The following is a schedule, by years, of maturities of lease liabilities as of March 31, 2026:
   March 31,
2026		 
For the nine months ending December 31, 2026  $3,507,226 
For the year ending December 31, 2027   4,772,957 
For the year ending December 31, 2028   4,927,343 
For the year ending December 31, 2029   5,111,358 
For the year ending December 31, 2030   5,263,011 
Thereafter   21,356,333 
Total lease payments   44,938,228 
Less: Imputed interest   7,907,744 
Present value of operating lease liabilities  $37,030,484