v3.26.3
Operating Leases (Tables)
12 Months Ended
Dec. 31, 2025
Operating Leases [Abstract]  
Schedule of Operating Lease Right-of-Use Assets and Lease Cost

The Group’s operating lease right-of-use assets and lease liabilities recognized in the consolidated balances sheets consisted of the following:

 

    As of December 31,  
    2024     2025  
Operating lease right-of-use assets   $ 3,487,694     $ 4,512,455  
Amortization of operating lease right-of-use assets     (2,741,494 )     (2,936,940 )
Operating lease right-of-use assets, net   $ 746,200     $ 1,575,515  
                 
Operating lease liabilities, current   $ 656,536     $ 686,877  
Operating lease liabilities, non-current     186,286       901,781  
Total operating lease liabilities   $ 842,822     $ 1,588,658  
                 
Weighted average remaining lease term (in years)     1.36       2.39  
Weighted average discount rate     7.40 %     5.42 %
Operating right-of-use assets obtained in exchange for operating lease liabilities     107,446       1,551,899  
Cash paid for operating leases     939,694       926,655  

 

A summary of lease cost recognized in the Group’s consolidated statements of operations and comprehensive income or loss was as follows:

 

    For the years ended December 31,  
    2023     2024     2025  
Operating leases expense excluding short-term lease expense   $ 1,191,571     $ 1,046,708     $ 911,687  
Short-term lease cost     4,581       1,275       209,840  
Total   $ 1,196,152     $ 1,047,983     $ 1,121,527  
Schedule of Future Minimum Payments Operating Leases

The following is a schedule of future minimum payments under the current existing operating leases as of December 31, 2025:

 

For the years ending December 31,   Amount  
2026     753,071  
2027     603,508  
2028     336,657  
Total lease payments     1,693,236  
Less: imputed interest     (104,578 )
Total operating lease liabilities   $ 1,588,658