LEASES (Tables)
|
6 Months Ended |
Jun. 30, 2026 |
|---|
| Leases |
|
| SCHEDULE OF BALANCE SHEET INFORMATION RELATED TO LEASES |
The
following table shows balance sheet information related to the operating leases:
SCHEDULE
OF BALANCE SHEET INFORMATION RELATED TO LEASES
| | |
| |
June 30, | | |
December 31, | |
| | |
| |
As of | |
| | |
| |
June 30, | | |
December 31, | |
| Balance Sheet Information | |
Classification | |
2026 | | |
2025 | |
| Assets | |
| |
| | | |
| | |
| Right-of-use assets | |
Operating Leases | |
$ | 17,010,370 | | |
$ | 17,397,009 | |
| Liabilities | |
| |
| | | |
| | |
| Current portion of lease liabilities | |
Operating Leases | |
$ | 621,069 | | |
$ | 605,261 | |
| Long-term portion of lease liabilities | |
Operating Leases | |
$ | 16,625,919 | | |
$ | 16,886,027 | |
| Total lease liabilities | |
| |
$ | 17,246,988 | | |
$ | 17,491,288 | |
|
| SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS OF OPERATING LEASE LIABILITIES |
The
future minimum lease payments of existing operating lease liabilities are as follows:
SCHEDULE
OF FUTURE MINIMUM LEASE PAYMENTS OF OPERATING LEASE LIABILITIES
| | |
For the twelve months | |
| | |
ending June 30, | |
| 2027 | |
$ | 1,450,002 | |
| 2028 | |
| 1,372,986 | |
| 2029 | |
| 1,366,153 | |
| 2030 | |
| 1,252,029 | |
| 2031 | |
| 1,178,320 | |
| Thereafter | |
| 20,510,760 | |
| Total lease payments | |
$ | 27,130,250 | |
| Less: imputed interest | |
| (9,883,262 | ) |
| Present value of lease liabilities | |
$ | 17,246,988 | |
| Less: current portion | |
| (621,069 | ) |
| Long-term portion | |
$ | 16,625,919 | |
|
| SCHEDULE OF SUPPLEMENTAL INFORMATION OF OPERATING LEASES |
SCHEDULE
OF SUPPLEMENTAL INFORMATION OF OPERATING LEASES
| | |
As of | |
| | |
June 30, | | |
December 31, | |
| | |
2026 | | |
2025 | |
| Weighted-average remaining lease term (years) | |
| 18.49 | | |
| 18.88 | |
| Weighted-average discount rate | |
| 5.03 | % | |
| 5.04 | % |
|
| SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS OF FINANCING LEASE LIABILITIES |
The
future minimum lease payments of lease financing liabilities are as follows:
SCHEDULE
OF FUTURE MINIMUM LEASE PAYMENTS OF FINANCING LEASE LIABILITIES
| | |
For the twelve months | |
| | |
ending June 30, | |
| 2027 | |
$ | 3,383,410 | |
| 2028 | |
| 3,298,542 | |
| 2029 | |
| 3,204,958 | |
| 2030 | |
| 3,101,764 | |
| 2031 | |
| 3,023,176 | |
| Thereafter | |
| 25,403,031 | |
| Total lease payments | |
$ | 41,414,881 | |
| Less: current portion | |
| (3,383,410 | ) |
| Long-term portion | |
$ | 38,031,471 | |
|
| SCHEDULE OF SUPPLEMENTAL INFORMATION OF FINANCING LEASES |
SCHEDULE
OF SUPPLEMENTAL INFORMATION OF FINANCING LEASES
| | |
As of | |
| | |
June 30, | | |
December 31, | |
| | |
2026 | | |
2025 | |
| Weighted-average remaining lease term (years) | |
| 19.95 | | |
| - | |
| Weighted-average discount rate | |
| 9.82 | % | |
| - | |
|