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Right of Use Assets and Liabilities
 9 Months Ended
Sep. 30, 2025
Lessee Disclosure [Abstract]  
Right of Use Assets and Liabilities Right of Use Assets and Liabilities
As of September 30, 2025, the Company had operating type leases for real estate and no finance type leases. The Company’s leases have remaining lease terms of up to 8.83 years, including options to extend certain leases for up to ten years. Operating lease expense totaled $698,756 and $286,428 for the nine months ended September 30, 2025 and 2024, respectively.
During the nine months ended September 30, 2025, the Company entered into two new operating leases, which resulted in right-of-use assets and lease liabilities of $5,276,592. The Company also amended an existing lease to expand its office space, which increased right-of-use assets and lease liabilities by $2,004,011. These transactions represent non-cash additions to right-of-use assets and lease liabilities.
Supplemental information related to operating leases for the nine months ended September 30, 2025 was:
Operating cash paid for leased facilities$708,929
Weighted average remaining lease term (in years)6.28
Weighted average discount rate12%
Future lease payments at September 30, 2025 were as follows:
Fiscal Year Ended:
2025$293,288 
20261,564,559 
20271,508,511 
20281,306,843 
20291,236,884 
Thereafter10,967,448 
Total16,877,533
Imputed interest(8,158,146)
Total liability$8,719,387