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Leases

6 Months Ended

Jun. 30, 2025

Leases [Abstract]

LEASES

NOTE 6 — LEASES

Our operating lease cost for the six months ended June 30, 2025 and 2024 was $2,836,006 and $2,087,808, respectively, and was recorded in general and administrative expenses on our condensed consolidated statements of operations and comprehensive loss. We classify operating lease payments as cash outflows from operating activities in the condensed consolidated statements of cash flows. We also present the change in the carrying amount of the right-of-use assets and operating lease liabilities as two adjustments in determining net cash provided by operating activities.

The following table presents balances reported in our condensed consolidated statements of financial position related to our operating leases as of June 30, 2025 and December 31, 2024:

		June 30, 2025				December 31, 2024
Right-of-use assets		$	64,192,028			$	66,293,751

Lease liabilities – current		$	3,375,029			$	4,969,959
Lease liabilities – non-current			9,618,423				10,438,555
Total lease liabilities		$	12,993,452			$	15,408,514

The following is a summary of supplemental information pertaining to our operating leases for the six months ended June 30, 2025 and 2024:

June 30,

2025

June 30,

2024

Cash payments for operating leases

$

2,054,585

$

44,927,899

Lease liabilities arising from obtaining right-of-use assets

$

1,152,336

$

5,688,671