v3.26.1
Operating Lease (Tables)
 6 Months Ended
Jun. 30, 2026
Operating Lease [Abstract]  
Schedule of Operating Lease Related Assets and Liabilities

The table below presents the operating lease related assets and liabilities recorded on the consolidated balance sheets. 

 

    June 30,
2026		     December 31,
2025		  
Right of use assets   $ 33,966,220     $ 34,354,338  
                 
Operating lease liabilities, current     3,534,017       2,867,727  
Operating lease liabilities, noncurrent     34,028,802       34,474,040  
Total operating lease liabilities   $ 37,562,819     $ 37,341,767  

 

Other information about the Company’s leases is as follows:

 

    For the Six Months Ended
June 30,		  
    2026     2025  
Operating cash flows used in operating leases   $ 2,742,597     $ 1,098,165  
Weighted average remaining lease term (years)     9.0       10.0  
Weighted average discount rate     7.7 %     13.9 %
Schedule of Maturities of Lease Liabilities

The following is a schedule, by years, of maturities of lease liabilities as of June 30, 2026: 

 

    June 30,
2026		  
For the six months ending December 31, 2026   $ 2,764,829  
For the year ending December 31, 2027     5,503,892  
For the year ending December 31, 2028     5,655,927  
For the year ending December 31, 2029     5,897,691  
For the year ending December 31, 2030     6,021,845  
Thereafter     23,000,355  
Total lease payments     48,844,539  
Less: Imputed interest     11,281,720  
Present value of operating lease liabilities   $ 37,562,819