Leases (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| Leases [Abstract] |
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| Supplemental Information Related to Leases |
Supplemental information related to operating leases for the six months ended June 30, 2026 and 2025 was as follows:
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June 30, 2026 |
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June 30, 2025 |
| Cash paid for amounts included in the measurement of operating lease liabilities |
|
$ |
298,348 |
|
|
$ |
274,399 |
|
| Right-of-use assets obtained in exchange for operating lease liabilities |
|
$ |
— |
|
|
$ |
193,480 |
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| Weighted-average remaining lease term - operating leases |
|
2.8 Years |
|
3.7 Years |
| Weighted-average discount rate - operating leases |
|
7.6 |
% |
|
7.6 |
% |
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Lease expense for finance leases for the six months ended June 30, 2026 and 2025 was as follows:
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June 30, 2026 |
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June 30, 2025 |
| Finance lease cost: |
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| Depreciation of right-of-use assets |
|
$ |
200,994 |
|
|
$ |
76,469 |
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| Interest on lease liabilities |
|
67,934 |
|
|
30,253 |
|
| Total finance lease cost |
|
$ |
268,928 |
|
|
$ |
106,722 |
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Supplemental information related to finance leases for the six months ended June 30, 2026 and 2025 was as follows:
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June 30, 2026 |
|
June 30, 2025 |
| Cash paid for amounts included in the measurement of finance lease liabilities |
|
$ |
300,331 |
|
|
$ |
144,463 |
|
| Right-of-use assets obtained in exchange for finance lease liabilities |
|
$ |
281,567 |
|
|
$ |
557,893 |
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| Weighted-average remaining lease term - finance leases |
|
3.6 Years |
|
4.4 Years |
| Weighted-average discount rate - finance leases |
|
10.3 |
% |
|
10.2 |
% |
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| Future Minimum Lease Commitments |
Future minimum lease commitments under non-cancellable operating and finance leases as of June 30, 2026 were as follows:
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Operating Leases |
|
Finance Leases |
|
Total |
| Year 1 |
|
$ |
554,039 |
|
|
$ |
452,841 |
|
|
$ |
1,006,880 |
|
| Year 2 |
|
477,516 |
|
|
452,841 |
|
|
930,357 |
|
| Year 3 |
|
286,620 |
|
|
428,389 |
|
|
715,009 |
|
| Year 4 |
|
72,947 |
|
|
233,483 |
|
|
306,430 |
|
| Year 5 |
|
37,960 |
|
|
16,796 |
|
|
54,756 |
|
|
|
|
|
|
|
|
| Total lease payments |
|
1,429,082 |
|
|
1,584,350 |
|
|
3,013,432 |
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| Less: imputed interest |
|
133,825 |
|
|
262,744 |
|
|
396,569 |
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| Total |
|
$ |
1,295,257 |
|
|
$ |
1,321,606 |
|
|
$ |
2,616,863 |
|
|
| Assets and Liabilities, Lessee |
Supplemental balance sheet information related to operating leases as of June 30, 2026 and December 31, 2025 was as follows:
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June 30, 2026 |
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December 31, 2025 |
| Operating leases |
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|
|
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| Right-of-use assets - operating leases |
|
$ |
1,241,494 |
|
|
$ |
1,490,094 |
|
|
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| Operating lease liability, current portion |
|
$ |
478,847 |
|
|
$ |
538,641 |
|
| Operating lease liability, net of current portion |
|
816,410 |
|
|
1,004,488 |
|
| Total operating lease liability |
|
$ |
1,295,257 |
|
|
$ |
1,543,129 |
|
Supplemental balance sheet information related to finance leases as of June 30, 2026 and December 31, 2025 is as follows:
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June 30, 2026 |
|
December 31, 2025 |
| Finance leases |
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| Right-of-use assets - finance leases |
|
$ |
1,514,653 |
|
|
$ |
1,434,080 |
|
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| Finance lease liability, current portion |
|
$ |
332,087 |
|
|
$ |
280,265 |
|
| Finance lease liability, net of current portion |
|
989,519 |
|
|
992,285 |
|
| Total finance lease liability |
|
$ |
1,321,606 |
|
|
$ |
1,272,550 |
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