Leases (Tables)
|
3 Months Ended |
Mar. 31, 2026 |
|---|
| Leases [Abstract] |
|
| Supplemental Information Related to Leases |
Supplemental information related to operating leases for the three months ended March 31, 2026 and 2025 was as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
March 31, 2026 |
|
March 31, 2025 |
| Cash paid for amounts included in the measurement of operating lease liabilities |
|
$ |
149,101 |
|
|
$ |
143,961 |
|
| Right-of-use assets obtained in exchange for operating lease liabilities |
|
$ |
— |
|
|
$ |
115,857 |
|
| Weighted-average remaining lease term - operating leases |
|
3.3 Years |
|
3.9 Years |
| Weighted-average discount rate - operating leases |
|
7.6 |
% |
|
7.6 |
% |
|
|
|
|
|
Lease expense for finance leases for the three months ended March 31, 2026 and 2025 was as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
March 31, 2026 |
|
March 31, 2025 |
| Finance lease cost: |
|
|
|
|
| Depreciation of right-of-use assets |
|
$ |
93,420 |
|
|
$ |
32,167 |
|
| Interest on lease liabilities |
|
32,579 |
|
|
12,888 |
|
| Total finance lease cost |
|
$ |
125,999 |
|
|
$ |
45,055 |
|
Supplemental information related to finance leases for the three months ended March 31, 2026 and 2025 was as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
March 31, 2026 |
|
March 31, 2025 |
| Cash paid for amounts included in the measurement of finance lease liabilities |
|
$ |
126,926 |
|
|
$ |
76,809 |
|
| Right-of-use assets obtained in exchange for finance lease liabilities |
|
265,420 |
|
|
226,794 |
|
| Weighted-average remaining lease term - finance leases |
|
3.8 Years |
|
4.4 years |
| Weighted-average discount rate - finance leases |
|
10.4 |
% |
|
10.3 |
% |
Supplemental balance sheet information related to finance leases as of March 31, 2026 and December 31, 2025 was as follows:
|
| Future Minimum Lease Commitments |
Future minimum lease commitments under non-cancellable operating and finance leases as of March 31, 2026 were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Leases |
|
Finance Leases |
|
Total |
| Year 1 |
|
$ |
574,415 |
|
|
$ |
487,808 |
|
|
$ |
1,062,223 |
|
| Year 2 |
|
487,009 |
|
|
453,300 |
|
|
940,309 |
|
| Year 3 |
|
384,944 |
|
|
441,073 |
|
|
826,017 |
|
| Year 4 |
|
79,857 |
|
|
309,580 |
|
|
389,437 |
|
| Year 5 |
|
52,195 |
|
|
41,422 |
|
|
93,617 |
|
|
|
|
|
|
|
|
| Total lease payments |
|
1,578,420 |
|
|
1,733,183 |
|
|
3,311,603 |
|
| Less: imputed interest |
|
158,191 |
|
|
298,225 |
|
|
456,416 |
|
| Total |
|
$ |
1,420,229 |
|
|
$ |
1,434,958 |
|
|
$ |
2,855,187 |
|
|
| Assets and Liabilities, Lessee |
Supplemental balance sheet information related to operating leases as of March 31, 2026 and December 31, 2025 was as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
March 31, 2026 |
|
December 31, 2025 |
| Operating leases |
|
|
|
|
| Right-of-use assets - operating leases |
|
$ |
1,366,435 |
|
|
$ |
1,490,094 |
|
|
|
|
|
|
| Operating lease liability, current portion |
|
$ |
527,990 |
|
|
$ |
538,641 |
|
| Operating lease liability, net of current portion |
|
892,239 |
|
|
1,004,488 |
|
| Total operating lease liability |
|
$ |
1,420,229 |
|
|
$ |
1,543,129 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
March 31, 2026 |
|
December 31, 2025 |
| Finance leases |
|
|
|
|
| Right-of-use assets - finance leases |
|
$ |
1,606,080 |
|
|
$ |
1,434,080 |
|
|
|
|
|
|
| Finance lease liability, current portion |
|
$ |
349,943 |
|
|
$ |
280,265 |
|
| Finance lease liability, net of current portion |
|
1,085,015 |
|
|
992,285 |
|
| Total finance lease liability |
|
$ |
1,434,958 |
|
|
$ |
1,272,550 |
|
|