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Leases (Tables) | 9 Months Ended
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Sep. 30, 2024
Leases [Abstract] |
Lease, Cost | The weighted average remaining lease term and weighted average discount rate for the operating leases as of September 30, 2024 and December 31, 2023 were as follows:
| September 30, 2024 |  | December 31, 2023
Weighted average remaining lease term (in months) | 32 |  | 39
Weighted average discount rate | 4.7 | % |  | 4.9 | %
The Company recorded the following lease and variable lease expenses for the three and nine months ended September 30, 2024 and September 30, 2023:
|  | Three Months Ended September 30, 2024 |  | Three Months Ended September 30, 2023 |  | Nine Months Ended September 30, 2024 |  | Nine Months Ended September 30, 2023
Operating lease expense |  | $ | 358,583 |  |  | $ | 39,562 |  |  | $ | 1,061,029 |  |  | $ | 117,832 |
Variable lease expense1 |  | 5,398 |  |  | — |  |  | 5,398 |  |  | — |
Total lease expense |  | $ | 363,981 |  |  | $ | 39,562 |  |  | $ | 1,066,427 |  |  | $ | 117,832 |
Schedule of Future Lease Payments | The maturities of the Company's operating lease liabilities as of September 30, 2024 are as follows:
Year ending December 31, |  | Amount
Remainder of fiscal 2024 |  | $ | 386,519
2025 |  | 1,571,589
2026 |  | 1,242,550
2027 |  | 140,313
2028 |  | 140,313
Thereafter |  | 95,627
Total lease payments |  | 3,576,911
Less imputed interest |  | (196,309)
Total lease liability |  | 3,380,602
Less current portion of lease liability |  | (1,444,893)
Long-term portion operating lease liability |  | $ | 1,935,709

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
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