| Future minimum lease payments under non-cancellable operating and financing leases as of June 30, 2026 were as follows |
Future
minimum lease payments under non-cancellable operating and financing leases as of June 30, 2026 were as follows:
| For the Year Ending December 31, | | |
Operating | | |
Financing | | |
Total | |
| Remainder of 2026 | | |
$ | 1,152,266 | | |
$ | 12,294 | | |
$ | 1,164,560 | |
| 2027 | | |
| 2,336,077 | | |
| 24,588 | | |
| 2,360,665 | |
| 2028 | | |
| 2,300,990 | | |
| 24,588 | | |
| 2,325,578 | |
| 2029 | | |
| 2,360,515 | | |
| 24,588 | | |
| 2,385,103 | |
| 2030 | | |
| 2,431,332 | | |
| 24,588 | | |
| 2,455,920 | |
| Thereafter | | |
| 818,389 | | |
| 12,294 | | |
| 830,683 | |
| Total undiscounted lease payments | | |
| 11,399,569 | | |
| 122,940 | | |
| 11,522,509 | |
| Less imputed interest | | |
| (2,312,163 | ) | |
| (17,334 | ) | |
| (2,329,497 | ) |
| Present value of lease payments | | |
$ | 9,087,406 | | |
$ | 105,606 | | |
$ | 9,193,012 | |
|
| The following table sets forth the right-of-use assets and lease liabilities as of |
The
following table sets forth the right-of-use assets and lease liabilities as of:
| | |
June 30, | | |
December 31, | |
| | |
2026 | | |
2025 | |
| Assets | |
| | | |
| | |
| Right-of-use assets operating | |
$ | 8,777,416 | | |
$ | 9,515,207 | |
| Right-of-use assets finance (included in Property and equipment, net) | |
| 105,606 | | |
| — | |
| Total Right-of-use assets | |
$ | 8,883,022 | | |
$ | 9,515,207 | |
| | |
| | | |
| | |
| Liabilities | |
| | | |
| | |
| Current operating lease liabilities | |
$ | 1,515,379 | | |
$ | 1,434,385 | |
| Long-term operating lease liabilities | |
| 7,572,027 | | |
| 8,353,120 | |
| Total operating lease liabilities | |
$ | 9,087,406 | | |
$ | 9,787,505 | |
| | |
| | | |
| | |
| Current finance lease liabilities | |
$ | 18,613 | | |
$ | — | |
| Long-term finance lease liabilities | |
| 86,993 | | |
| — | |
| Total finance lease liabilities | |
$ | 105,606 | | |
$ | — | |
| | |
| | | |
| | |
| Total Lease Liabilities | |
$ | 9,193,012 | | |
$ | 9,787,505 | |
|