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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- Definition

The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections.

+ References

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