| Summary of Maturity of Operating Lease Liabilities |
The amount and the maturity of the Company’s operating lease and financing lease liabilities as of June 30, 2026, are as follows:
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Total |
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Operating Lease |
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Financing Lease |
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June 30, 2026 |
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2026 |
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$ |
618,127 |
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$ |
24,439 |
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$ |
642,566 |
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2027 |
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1,525,416 |
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48,878 |
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1,574,294 |
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2028 |
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1,592,125 |
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48,878 |
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1,641,003 |
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2029 |
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1,650,479 |
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48,878 |
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1,699,357 |
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Thereafter |
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4,872,994 |
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73,317 |
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4,946,311 |
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Total future minimum lease payments |
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10,259,141 |
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244,390 |
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10,503,531 |
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Less imputed interest |
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2,355,178 |
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47,020 |
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2,402,198 |
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Total lease liabilities |
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$ |
7,903,963 |
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$ |
197,370 |
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$ |
8,101,333 |
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Included in the condensed consolidated balance sheet: |
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Current lease liabilities |
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$ |
697,917 |
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$ |
32,907 |
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$ |
730,824 |
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Non-current lease liabilities |
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7,206,046 |
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164,463 |
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7,370,509 |
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Total lease liabilities |
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$ |
7,903,963 |
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$ |
197,370 |
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$ |
8,101,333 |
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| Summary of Operating Lease Cost |
For the three and six months ended June 30, 2026 and 2025, the total lease cost is comprised of the following amounts:
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For the Three Months
Ended June 30, |
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For the Six Months
Ended June 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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Operating lease expense |
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339,630 |
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347,811 |
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$ |
683,877 |
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$ |
749,620 |
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Financing lease expense |
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5,268 |
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— |
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5,268 |
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— |
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Short-term lease expense |
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612 |
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537 |
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$ |
1,225 |
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$ |
2,259 |
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Total lease expense |
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$ |
345,510 |
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$ |
348,348 |
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$ |
690,370 |
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$ |
751,879 |
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| Schedule Of Changes In The Companys Supplier Finance Obligations |
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Six Months Ended |
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June 30, |
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2026 |
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2025 |
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Opening January 1 |
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$ |
284,201 |
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$ |
181,256 |
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Payments |
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— |
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— |
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Expensed |
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(187,378 |
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(98,508 |
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Balance March 31, |
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$ |
96,823 |
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$ |
82,748 |
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Increase |
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455,544 |
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456,000 |
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Expensed |
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(115,367 |
) |
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(85,160 |
) |
Balance June 30, |
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$ |
437,000 |
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$ |
453,588 |
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