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Leases | 3 Months Ended
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Mar. 31, 2026
Leases [Abstract] |
Leases | Leases The Company has operating leases primarily for corporate offices, warehouses and showrooms. For the three months ended March 31, 2026 and 2025, total lease expenses were $633,790 and $670,615, respectively. The table below presents the operating lease related assets and liabilities recorded on the Company’s consolidated balance sheets:
| As of March 31, 2026 |  | As of December 31, 2025
| USD |  | USD
Operating lease right-of-use assets | $ | 10,569,629 |  |  | $ | 11,031,892 |
Operating lease liabilities – current | $ | 1,725,768 |  |  | $ | 1,700,936 |
Operating lease liabilities – noncurrent | 9,579,585 |  |  | 10,012,616 |
Total operating lease liabilities | $ | 11,305,353 |  |  | $ | 11,713,552 |
Information relating to the lease term and discount rate are as follows:
| As of March 31, 2026 |  | As of December 31, 2025
Weighted-average remaining lease term |  |  |
Operating leases | 8.1 years |  | 8.5 years
Weighted-average discount rate |  |  |
Operating leases | 5.9 | % |  | 5.9 | %
As of March 31, 2026, the maturities of operating lease liabilities were as follows:
For the 12 months ending March 31, |
2027 | $ | 2,347,181 |
2028 | 2,389,888 |
2029 | 2,456,153 |
2030 | 1,239,677 |
2031 | 1,196,434 |
Thereafter | 4,421,736 |
Total lease payments | 14,051,069 |
Less: imputed interest | (2,745,716) |
Present value of lease liabilities | $ | 11,305,353 |

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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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