Commitments and Contingencies (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
|---|
| Commitments and Contingencies Disclosure [Abstract] |
|
| Schedule of Elements of Lease Costs |
The elements of the lease costs were as follows:
| | |
Year ended December 31, | |
| | |
2025 | | |
2024 | |
| Operating lease expense: | |
| | |
| |
| Operating lease expense | |
$ | 898,587 | | |
$ | 857,093 | |
| Finance lease expense: | |
| | | |
| | |
| Amortization of lease assets | |
$ | 104,145 | | |
$ | 92,308 | |
| Interest on lease liabilities | |
| 47,126 | | |
| 48,857 | |
| Total finance lease cost | |
$ | 151,271 | | |
$ | 141,165 | |
| | |
| | | |
| | |
| Short term lease expense | |
$ | 396,077 | | |
$ | 678,755 | |
| Variable lease expense | |
| 814,532 | | |
| 383,788 | |
| Total lease expense | |
$ | 2,260,467 | | |
$ | 2,060,801 | |
|
| Schedule of Lease Term and Discount Rate Information |
| | | Year ended December 31, | | | Weighted-average remaining lease term (in years): | | 2025 | | | 2024 | | | Operating leases | | | 2.05 | | | | 2.98 | | | Finance leases | | | 3.84 | | | | 4.78 | | | Weighted-average discount rate: | | | | | | | | | | Operating leases | | | 9.81 | % | | | 11.50 | % | | Finance leases | | | 10.53 | % | | | 10.64 | % |
|
| Schedule of Supplemental Cash Flow Information |
Supplemental cash flow information related to leases was as follows:
| | |
Year ended December 31, | |
| | |
2025 | | |
2024 | |
| Cash paid for amounts included in the measurement of lease liabilities: | |
| | |
| |
| Operating cash flows from finance lease (interest payments) | |
$ | 47,126 | | |
$ | 48,857 | |
| Operating cash flows from operating leases | |
$ | 912,634 | | |
$ | 850,676 | |
| Financing cash flows from finance lease | |
$ | 91,058 | | |
$ | 72,638 | |
| Right-of-use assets obtained in exchange for lease liabilities: | |
| | | |
| | |
| Operating leases | |
$ | 310,566 | | |
$ | 1,243,375 | |
| Finance leases | |
$ | 74,092 | | |
$ | - | |
|
| Schedule of Future Maturities of Lease Liabilities |
Future maturities of lease liabilities are as follows as of December
31, 2025:
| | |
Operating
Leases | | |
Finance
Lease | |
| 2026 | |
$ | 769,316 | | |
$ | 138,184 | |
| 2027 | |
| 326,850 | | |
| 138,184 | |
| 2028 | |
| 105,554 | | |
| 111,460 | |
| 2029 | |
| 78,054 | | |
| 71,373 | |
| 2030 | |
| - | | |
| 32,199 | |
| Thereafter | |
| - | | |
| - | |
| Total future undiscounted lease payments | |
| 1,279,774 | | |
| 491,400 | |
| Imputed interest | |
| (123,994 | ) | |
| (88,033 | ) |
| Present value of lease payments | |
| 1,155,780 | | |
| 403,367 | |
| Current portion | |
| 688,711 | | |
| 100,699 | |
| Long-term portion of lease payments | |
$ | 467,069 | | |
$ | 302,668 | |
|