XML 24 R13.htm IDEA: XBRL DOCUMENT
v3.25.1

Leases | 3 Months Ended
--- | ---
Mar. 31, 2025
Leases |
Leases | 6. Leases The Company’s leases consist principally of leases for office and warehouse space. For leases with terms greater than twelve months, the related asset and obligation are recorded at the present value of the lease payments over the term. Many of these leases contain rental escalation clauses which are factored into the determination of the lease payments when appropriate. When available, the lease payments are discounted using the rate implicit in the lease; however, the Company’s current leases do not provide a readily determinable implicit rate. Therefore, the Company’s incremental borrowing rate is estimated to discount the lease payments based on information available at the lease commencement. These leases contain both lease and non-lease components, which the Company has elected to treat as a single lease component. The Company elected not to recognize leases that have an original lease term, including reasonably certain renewal or purchase obligations, of twelve months or less in its condensed consolidated balance sheets for all classes of underlying assets. Lease costs for such short-term leases are expensed on a straight-line basis over the lease term. All lease assets denominated in a foreign currency are measured using the exchange rate at the commencement of the lease. All lease liabilities denominated in a foreign currency are remeasured using the exchange rate as of the condensed consolidated balance sheet date. Lease assets and liabilities The following table presents the lease-related assets and liabilities and their respective classification on the condensed consolidated balance sheets: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | March 31, | ​ | December 31,
​ | ​ | 2025 | ​ | 2024
ASSETS |  | ​ | ​ | ​ |
Current |  | ​ |  | ​ | ​ |
Prepaid expenses and other current assets | ​ | $ | 27,984 | ​ | $ | 41,801
Noncurrent | ​ |  | ​ | ​ |  | ​
Operating lease right-of-use assets | ​ |  | 3,050,106 | ​ | ​ | 3,190,985
Total lease right-of-use assets | ​ | $ | 3,078,090 | ​ | $ | 3,232,786
​ | ​ | ​ | ​ | ​ | ​ | ​
LIABILITIES |  |  | ​ |  |  | ​
Current |  | ​ |  | ​ | ​ |
Current maturities of operating leases | ​ | $ | 636,075 | ​ | $ | 634,947
Noncurrent | ​ |  | ​ | ​ |  | ​
Noncurrent operating leases | ​ | ​ | 2,473,687 | ​ | ​ | 2,630,812
Total lease liabilities | ​ | $ | 3,109,762 | ​ | $ | 3,265,759
​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted average remaining lease term: | ​ |  |  | ​ |  |
Operating leases | ​ |  | 4.8 years | ​ |  | 5.0 years
​ | ​ |  | ​ | ​ |  | ​
Weighted average discount rate: | ​ |  | ​ | ​ |  | ​
Operating leases | ​ |  | 6.56% | ​ |  | 6.56%
​ The components of lease costs were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Three Months Ended March 31, |
​ | ​ | 2025 | ​ | 2024 | ​
Operating lease costs | ​ | $ | 207,555 | ​ | $ | 205,872 | ​
Short-term lease costs | ​ |  | 99,025 | ​ | ​ | 69,709 | ​
Lease costs - discontinued operations | ​ | ​ | 2,697 | ​ | ​ | 12,120 | ​
Total lease costs | ​ | $ | 309,277 | ​ | $ | 287,701 | ​
​ Supplemental cash flow information related to leases is as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Three Months Ended March 31,
​ | ​ | 2025 | ​ | 2024
Cash paid for amounts included in measurement of liabilities: |  | ​ |  | ​ | ​ | ​
Operating cash outflows for operating leases | ​ | $ | 218,376 | ​ | $ | 198,504
Operating cash outflows for operating leases - discontinued operations | ​ | ​ | — | ​ | ​ | —
​ Future lease payments relating to the Company’s operating lease liabilities from continuing operations as of March 31, 2025 were as follows: ​
​ | ​ | ​ | ​
Years ending December 31, |  | Total
2025 | ​ | $ | 626,130
2026 | ​ |  | 763,783
2027 | ​ |  | 732,904
2028 | ​ |  | 749,143
2029 | ​ | ​ | 455,209
Thereafter | ​ |  | 314,007
Total future lease payments | ​ |  | 3,641,176
Less: imputed interest | ​ |  | (531,414)
Total lease obligations | ​ |  | 3,109,762
Less: current obligations | ​ |  | (636,075)
Noncurrent lease obligations | ​ | $ | 2,473,687
​

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration