Leases (Tables)
|
9 Months Ended |
Sep. 30, 2026 |
|---|
| Leases [Abstract] |
|
| Supplemental Information Related to Leases |
Supplemental information related to operating leases for the nine months ended September 30, 2026 and 2025 was as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2026 |
|
September 30, 2025 |
| Cash paid for amounts included in the measurement of operating lease liabilities |
|
$ |
447,386 |
|
|
$ |
412,009 |
|
| Right-of-use assets obtained in exchange for operating lease liabilities |
|
$ |
182,649 |
|
|
$ |
193,480 |
|
| Weighted-average remaining lease term - operating leases |
|
2.7 Years |
|
3.2 Years |
| Weighted-average discount rate - operating leases |
|
7.6 |
% |
|
7.6 |
% |
|
|
|
|
|
Lease expense for finance leases for the nine months ended September 30, 2026 and 2025 was as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2026 |
|
September 30, 2025 |
| Finance lease costs: |
|
|
|
|
| Depreciation of right-of-use assets |
|
$ |
308,569 |
|
|
$ |
136,329 |
|
| Interest on lease liabilities |
|
101,203 |
|
|
53,557 |
|
| Total finance lease costs |
|
$ |
409,772 |
|
|
$ |
189,886 |
|
Supplemental information related to finance leases for the nine months ended September 30, 2026 and 2025 was as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2026 |
|
September 30, 2025 |
| Cash paid for amounts included in the measurement of finance lease liabilities |
|
$ |
413,537 |
|
|
$ |
258,076 |
|
| Right-of-use assets obtained in exchange for finance lease liabilities |
|
$ |
281,567 |
|
|
$ |
1,013,564 |
|
| Weighted-average remaining lease term - finance leases |
|
3.3 Years |
|
4.3 Years |
| Weighted-average discount rate - finance leases |
|
10.3 |
% |
|
10.3 |
% |
|
| Future Minimum Lease Commitments |
Future minimum lease commitments under non-cancellable operating and finance leases as of September 30, 2026 were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Leases |
|
Finance Leases |
|
Total |
| Year 1 |
|
$ |
565,885 |
|
|
$ |
452,785 |
|
|
$ |
1,018,670 |
|
| Year 2 |
|
526,617 |
|
|
452,785 |
|
|
979,402 |
|
| Year 3 |
|
224,167 |
|
|
403,331 |
|
|
627,498 |
|
| Year 4 |
|
94,809 |
|
|
159,879 |
|
|
254,688 |
|
| Year 5 |
|
50,822 |
|
|
1,330 |
|
|
52,152 |
|
|
|
|
|
|
|
|
| Total lease payments |
|
1,462,300 |
|
|
1,470,110 |
|
|
2,932,410 |
|
| Less: imputed interest |
|
139,108 |
|
|
229,208 |
|
|
368,316 |
|
| Total |
|
$ |
1,323,192 |
|
|
$ |
1,240,902 |
|
|
$ |
2,564,094 |
|
|
| Assets and Liabilities, Lessee |
Supplemental balance sheet information related to operating leases as of September 30, 2026 and December 31, 2025 was as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2026 |
|
December 31, 2025 |
| Operating leases |
|
|
|
|
| Right-of-use assets - operating leases |
|
$ |
1,263,405 |
|
|
$ |
1,490,094 |
|
|
|
|
|
|
| Operating lease liability, current portion |
|
$ |
488,460 |
|
|
$ |
538,641 |
|
| Operating lease liability, net of current portion |
|
834,732 |
|
|
1,004,488 |
|
| Total operating lease liability |
|
$ |
1,323,192 |
|
|
$ |
1,543,129 |
|
Supplemental balance sheet information related to finance leases as of September 30, 2026 and December 31, 2025 is as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2026 |
|
December 31, 2025 |
| Finance leases |
|
|
|
|
| Right-of-use assets - finance leases |
|
$ |
1,407,078 |
|
|
$ |
1,434,080 |
|
|
|
|
|
|
| Finance lease liability, current portion |
|
$ |
340,820 |
|
|
$ |
280,265 |
|
| Finance lease liability, net of current portion |
|
900,082 |
|
|
992,285 |
|
| Total finance lease liability |
|
$ |
1,240,902 |
|
|
$ |
1,272,550 |
|
|