v3.26.1
Leases (Tables)
 6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Schedule of Lease Costs
The table below comprises lease expenses for the three and six months ended June 30, 2026 and 2025:
Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
Components of total lease cost:
Operating lease expense$1,384,757 $1,349,100 $2,804,456 $2,671,618 
Finance lease expense:
              Amortization of right-of-use assets1,390,939 1,316,938 2,750,495 2,558,381 
              Interest on lease liabilities249,258 250,694 497,826 470,749 
              Finance lease expense1,640,197 1,567,632 3,248,321 3,029,130 
Short-term lease expense88,905 214,582 178,932 582,205 
Total lease cost$3,113,859 $3,131,314 $6,231,709 $6,282,953 
The table below presents lease payments for the three and six months ended June 30, 2026 and 2025:
Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
Components of total lease payments:
Operating lease payment$1,466,274 $1,203,839 $2,928,823 $2,274,370 
Finance lease payment1,559,799 1,367,624 2,963,454 2,664,511 
Total lease payments$3,026,073 $2,571,463 $5,892,277 $4,938,881 
Schedule of Assets and Liabilities, Lessee
Right-of-use assets and lease liabilities for the Company’s operating leases were recorded in the unaudited Condensed Consolidated Balance Sheets as follows:
June 30,
2026		December 31, 2025
Assets
Lease right-of-use assets$9,259,686 $11,520,781 
Total lease assets$9,259,686 $11,520,781 
Liabilities
Current liabilities:
Lease liability - current portion$3,991,429 $4,650,953 
Noncurrent liabilities:
Lease liability, net of current portion5,837,418 7,563,664 
Total lease liability$9,828,847 $12,214,617 
Lease Terms and Discount Rate
The table below presents certain information related to the weighted average remaining lease term and the weighted average discount rate for the Company’s operating leases as of June 30, 2026:
Weighted average remaining lease term (in years) - operating leases2.85
Weighted average discount rate - operating leases5.99 %
Right-of-use assets and lease liabilities for the Company’s finance leases were recorded in the unaudited Condensed Consolidated Balance Sheets as follows:
June 30,
2026		December 31,
2025
Assets
Lease right-of-use assets$16,756,910 $17,420,424 
Total lease assets$16,756,910 $17,420,424 
Liabilities
Current liabilities:
Lease liability - current portion$5,642,029 $5,509,687 
Noncurrent liabilities:
Lease liability, net of current portion10,227,928 11,217,907 
Total lease liability$15,869,957 $16,727,594 
Lease Terms and Discount Rate
The table below presents certain information related to the weighted average remaining lease term and the weighted average discount rate for the Company’s finance leases as of June 30, 2026:
Weighted average remaining lease term (in years) - finance leases3.17
Weighted average discount rate - finance leases5.91%
Schedule of Future Minimum Lease Payments Under the Operating Leases
Future minimum lease payments under the operating leases as of June 30, 2026 were as follows:
Operating
Leases
2026, remaining$2,370,181 
20273,816,316 
20282,775,440 
20291,378,192 
2030177,691 
203169,098 
Thereafter141,472 
Total future minimum lease payments10,728,390 
Less effects of discounting(899,543)
Present value of future minimum lease payments$9,828,847 
Schedule of Finance Lease, Liability, Fiscal Year Maturity
Future minimum lease payments under the finance leases as of June 30, 2026 are as follows:
Finance Leases
2026, remaining$3,338,058 
20275,730,320 
20284,455,517 
20292,815,471 
20301,046,869 
203173,166 
Total future minimum lease payments17,459,401 
Less effects of discounting(1,589,444)
Present value of future minimum lease payments$15,869,957