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OPERATING LEASE LIABILITIES | 12 Months Ended
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Dec. 31, 2025
Operating Lease Liabilities |
OPERATING LEASE LIABILITIES | NOTE 6 OPERATING LEASE LIABILITIES In April 2022, the Company entered into a 58-month lease related to certain office and showroom space pursuant to a sublease that expires in February 2027. The Company recognized a right-of-use asset and a liability of $1,428,764 pursuant to this lease. In September 2022, the Company entered a 124-month lease related to its future headquarters offices and showrooms space. The Company recognized a right-of-use asset and a liability of $22,192,503 pursuant to such lease. In connection with the execution of lease, the Company was required to provide the landlord with a letter of credit in the amount of $2.7 million, which is secured by the same amount of cash. In January 2024, the Company entered into a 35-month lease related to its Sacramento office. The Company recognized a right-of-use asset and a liability of $ 662,696 pursuant to such lease. The following table outlines the total lease cost for the Company’s operating leases as well as weighted average information for these leases as of December 31, 2025, and 2024 respectively: SCHEDULE OF LEASE COST OPERATING LEASE
|  | For the year ended December 31, |
|  | 2025 |  |  | 2024 |
Cash paid for operating lease liabilities |  | $ | 2,345,919 |  |  | $ | 2,101,316 |
Rights-of-use obtained in exchange for new operating lease liabilities |  |  | - |  |  |  | 662,696 |
Fixed rent payments |  |  | 3,136,161 |  |  |  | 2,703,789 |
Lease - Depreciation expense |  | $ | 2,020,500 |  |  | $ | 2,127,319 |
Weighted-average discount rate |  |  | 6.48 | % |  |  | 6.45 | %
Weighted-average remaining lease term (in months) |  |  | 84 |  |  |  | 95 |
SCHEDULE OF MINIMUM LEASE OBLIGATION Minimum Lease obligation
Twelve months ended December 31, 2026 |  | $ | 2,589,994 |
Twelve months ended December 31, 2027 |  |  | 2,288,363 |
Twelve months ended December 31, 2028 |  |  | 2,471,537 |
Twelve months ended December 31, 2029 |  |  | 2,736,000 |
Twelve months ended December 31, 2030, and thereafter |  |  | 10,295,553 |
Total |  | $ | 20,381,447 |

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- 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
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