v3.26.1
LEASES (Tables)
 12 Months Ended
Dec. 31, 2025
Leases  
SCHEDULE OF SUPPLEMENTAL BALANCE SHEET INFORMATION RELATED TO OPERATING LEASES

Supplemental balance sheet information related to operating leases was as follows:

 

       
   As of December 31, 
   2024   2025 
         
Operating lease:          
Right-of-use assets, net   6,632,749   $7,363,312 
           
Lease liabilities:          
Current lease liabilities   2,100,281   $1,924,657 
Non-current lease liabilities   4,883,321    5,572,603 
Total lease liabilities   6,983,602   $7,497,260 
SCHEDULE OF OPERATING LEASE ACTIVITIES

A summary of operating lease expenses recognized in the Company’s consolidated and combined statements of operations and comprehensive income is as follows:

  

          
   Years ended December 31, 
   2023   2024   2025 
Amortization of right-of-use assets  $1,450,193   $1,942,046   $1,963,599 
Interest of lease liabilities   182,305    230,629    464,286 
Total operating lease expenses  $1,632,498   $2,172,675   $2,427,885 
SCHEDULE OF CASH FLOW INFORMATION RELATED TO LEASES

Cash flow information related to leases consists of the following:

 

          
   Years ended December 31, 
   2023   2024   2025 
Cash paid for amounts included in the measurement of lease liabilities:               
Operating cash flows from operating leases  $1,384,311   $1,947,163   $3,547,697 
SCHEDULE OF OTHER SUPPLEMENTAL INFORMATION

Other supplemental information about the Company’s operating leases as of December 31,

  

   2024   2025 
Weighted average discount rate   2.15-7.59%   1.2-7.59%
Weighted average remaining lease term (years)   0.09-10 years    0.08-9 years 
SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS DUE FOR OPERATING LEASES

The following table summarizes the future minimum lease payments due under the Company’s operating leases as of December 31, 2025:

  

For the year ending December 31,  Amount 
2026  $2,457,149 
2027   2,010,737 
2028   1,368,241 
2029   745,115 
2030   452,222 
Thereafter   1,438,312 
Total minimum lease payments   8,471,776 
Less: imputed interest   (974,516)
Future minimum lease payments  $7,497,260