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Leases (Tables)

3 Months Ended

Mar. 31, 2025

Leases [Abstract]

Schedule of Lease Payments

Certain leases include rental escalation clauses, renewal options and/or termination options, which are factored into the Company’s determination of lease payments when appropriate.

		March 31, 2025				December 31, 2024
		(unaudited)
Weighted average remaining lease term:
Operating lease			3.49 years				3.63 years
Weighted average discount rate:
Operating lease			7.56	%			7.53	%

The balances for the operating leases where the Company is the lessee are presented as follows within the consolidated balance sheets:

		March 31, 2025				December 31, 2024
		(unaudited)
Operating lease right-of-use assets, net
Operating lease		$	1,229,793			$	1,342,333
Lease liabilities
Current portion of operating lease liabilities			381,434				427,984
Non-current portion of operating lease liabilities			1,026,387				1,104,552
		$	1,407,821			$	1,532,536

Schedule of Future Lease Payments Under Operating Leases

Future lease payments under operating leases as of March 31, 2025 were as follows:

		Operating Leases
FY2025			371,061
FY2026			393,261
FY2027			401,127
FY2028			409,149
FY2029			34,605
Total lease payments		$	1,609,203
Less: imputed interest			201,382
Present value of lease liabilities (1)		$	1,407,821

(1) As of March 31, 2025, present value of future operating lease payments consisted of current portion of operating lease liabilities and non-current portion of operating lease liabilities, amounting to $381,434 and $1,026,387, respectively.

X

- 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

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X

- References

No definition available.

+ Details

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X

- 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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