| Schedule of Lease Cost |
The
components of lease cost were as follows:
Schedule of Lease Cost
| | |
2026 | | |
2025 |
|
|
2026 |
|
|
2025 |
|
| | |
For the Three Months Ended |
|
|
|
For
the Six Months Ended
|
|
| | |
June 30, |
|
|
|
June
30,
|
|
| | |
2026 | | |
2025 |
|
|
2026 |
|
|
2025 |
|
| Description | |
| | |
|
|
|
|
|
|
|
| |
|
| Finance lease - interest | |
$ | 68,067 | | |
$ | 51,174 |
|
|
$ |
170,855 |
|
|
$ | 70,929 |
|
| Finance lease - amortization | |
$ | 441,623 | | |
$ | 124,534 |
|
|
$ |
711,085 |
|
|
$ | 266,156 |
|
| Total Lease Cost | |
$ | 509,690 | | |
$ | 175,708 |
|
|
$ |
881,940 |
|
|
$ | 337,085 |
|
|
Schedule
of Lease Cost
| | |
2025 | | |
2024 | |
| | |
For the Years Ended | |
| | |
December 31, | |
| | |
2025 | | |
2024 | |
| Description | |
| | |
| |
| Finance lease - interest | |
$ | 319,944 | | |
$ | 25,275 | |
| Finance lease - amortization | |
| 3,211,697 | | |
| 89,748 | |
| Total Lease Cost | |
$ | 3,531,641 | | |
$ | 115,023 | |
|
| Schedule of Future Minimum Lease Payments |
Future
minimum lease payments at June 30, 2026 and December 31, 2025 are as follows:
Schedule of Future Minimum Lease Payments
| | |
June 30, | | |
December 31, | |
| | |
2026 | | |
2025 | |
| Description | |
| | | |
| | |
| 2026 | |
| 876,839 | | |
| 1,324,782 | |
| 2027 | |
| 1,416,988 | | |
| 1,324,782 | |
| 2028 | |
| 1,416,988 | | |
| 1,324,782 | |
| 2029 | |
| 1,289,556 | | |
| 1,201,139 | |
| 2030 | |
| 442,314 | | |
| 379,091 | |
| 2031 | |
| 21,502 | | |
| - | |
| Total | |
| 5,464,187 | | |
| 5,554,576 | |
| Less: Imputed interest | |
| 647,757 | | |
| 563,675 | |
| Present value of lease liabilities | |
$ | 4,816,430 | | |
$ | 4,990,901 | |
|
Future
minimum lease payments as of December 31, 2025 are as follows:
Schedule
of Future
Minimum Lease Payments
| | |
December 31, | | |
December 31, | |
| | |
2025 | | |
2024 | |
| Description | |
| | | |
| | |
| 2025 | |
$ | - | | |
$ | 230,044 | |
| 2026 | |
| 1,324,782 | | |
| 230,044 | |
| 2027 | |
| 1,324,782 | | |
| 230,044 | |
| 2028 | |
| 1,324,782 | | |
| 230,044 | |
| 2029 | |
| 1,201,139 | | |
| 115,022 | |
| 2030 | |
| 379,091 | | |
| - | |
| Total | |
| 5,554,576 | | |
| 1,035,198 | |
| Less: Imputed interest | |
| 563,675 | | |
| 88,492 | |
| Present value of lease liabilities | |
$ | 4,990,901 | | |
$ | 946,706 | |
|
| Schedule of Other Information of Lease |
Other
information
Schedule
of Other
Information of Lease
| | |
June 30, | | |
December 31, | |
| | |
2026 | | |
2025 | |
| Weighted-average remaining lease term (years) | |
| 3.9 | | |
| 3.9 | |
| Weighted-average discount rate | |
| 5.87 | % | |
| 5.72 | % |
| ROU assets obtained in exchange for ROU Liability | |
$ | 384,785 | | |
$ | 8,236,478 | |
| Operating cash impact of finance leases | |
$ | 712,210 | | |
$ | 3,463,635 | |
|
Other
information
Schedule
of Other
Information of Lease
| | |
December 31, | | |
December 31, | |
| | |
2025 | | |
2024 | |
| Weighted-average remaining lease term (years) | |
| 3.9 | | |
| 4.5 | |
| Weighted-average discount rate: | |
| 5.72 | % | |
| 5.19 | % |
| ROU assets obtained in exchange for ROU Liability | |
$ | 8,236,478 | | |
$ | 1,057,779 | |
| Operating cash impact of finance leases | |
$ | 3,463,635 | | |
$ | 26,847 | |
|