v3.25.4

Property and Equipment | 12 Months Ended
--- | ---
Dec. 31, 2025
Property and Equipment [Abstract] |
Property and Equipment |
6. | Property and Equipment
|  | As of December 31, |
|  | 2025 |  |  | 2024 |
Computer hardware |  | $ | 29,008,789 |  |  | $ | 24,577,345 |
Furniture and fixtures |  |  | 261,769 |  |  |  | 123,417 |
Leasehold improvements |  |  | 2,295,521 |  |  |  | 1,942,799 |
|  |  | 31,566,079 |  |  |  | 26,643,561 |
Accumulated depreciation |  |  | (15,387,138 | ) |  |  | (9,575,485 | )
Net carrying value |  | $ | 16,178,941 |  |  | $ | 17,068,076 |
Depreciation expense on property and equipment for the years ended December 31, 2025 and 2024 were $5,828,541 and $5,296,024, respectively.

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