Commitments and Contingencies (Tables)
|
6 Months Ended |
Jun. 30, 2026 |
|---|
| Commitments and contingencies (Note 18) |
|
| Schedule of lease modification |
Increase in operating lease ROU assets | | $ | 10,425,412 | | Increase in operating lease liabilities | | $ | 10,425,412 | |
|
| Schedule of future minimum lease commitments for offices, warehouse facilities and equipment |
For the year ending December 31, | | Total | | 2026 (remainder of) | | $ | 969,528 | | 2027 | | | 1,857,448 | | 2028 | | | 2,031,884 | | 2029 | | | 2,081,136 | | 2030 | | | 2,141,965 | | Thereafter | | | 6,648,863 | | Total | | $ | 15,730,824 | |
|
| Schedule of maturities of operating lease liabilities |
For the year ending December 31, | | Total | | 2026 (remainder of) | | $ | 962,991 | | 2027 | | | 1,841,107 | | 2028 | | | 2,022,079 | | 2029 | | | 2,081,136 | | 2030 | | | 2,141,965 | | Thereafter | | | 6,648,863 | | Total minimum lease payments | | | 15,698,141 | | Less: Interest | | | (4,045,911 | ) | Present value of lease obligations | | | 11,652,230 | | Less: current portion | | | (1,022,681 | ) | Noncurrent portion | | $ | 10,629,549 | |
|
| Schedule of other information related to lease |
| | As of June 30, 2026 | | Weighted average remaining lease term (in years) | | | 7.48 | | Weighted average discount rate | | | 8.00 | % |
|
| Schedule of lease cost |
| | Three Months Ended June 30, | | | Six Months Ended June 30, | | | | 2026 | | | 2025 | | | 2026 | | | 2025 | | | | | | | | | | | Operating lease cost | | $ | 494,169 | | | $ | 423,702 | | | $ | 1,036,716 | | | $ | 847,404 | | Short-term lease cost | | | 6,575 | | | | 10,121 | | | | 13,111 | | | | 19,853 | | Less: Sublease income | | | (234,982 | ) | | | (254,446 | ) | | | (486,836 | ) | | | (508,892 | ) | Operating lease cost, net | | $ | 265,762 | | | $ | 179,377 | | | $ | 562,991 | | | $ | 358,365 | |
|