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Leases (Tables)
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Schedule of Lease Costs

The Company’s lease costs recognized in the consolidated statements of operations and comprehensive loss consist of the following:

 

   For the Years Ended 
   December 31, 
   2024   2023 
         
Operating lease charges (1)  $1,771,150   $1,698,383 
Finance lease charges:          
Amortization of right-of-use assets   253,432    32,574 
Interest on lease obligations   56,086    7,474 

 

(1) Included in Selling, General & Administrative Expenses.

Other lease information as of December 31, 2024:

 

    Operating
Leases		     Finance
Leases		  
             
Operating cash out flows from leases   $ 1,899,426     $ 330,067  
Weighted-average remaining lease term (years)     2.65       1.34  
Weighted-average discount rate (%)     8.6 %     13.4 %
Schedule of Lease Liabilities by Contractual Maturity

The following is a schedule of the Company’s lease liabilities by contractual maturity as of December 31, 2024:

 

   Operating
Leases		   Finance
Leases		 
         
2025  $1,712,681   $413,176 
2026   1,586,044    216,266 
2027   1,270,570    
-
 
Total undiscounted lease obligations   4,569,295    629,442 
Less: imputed interest   (774,349)   (62,970)
Total present value of lease liabilities   3,794,946    566,472 
Less: current portion of lease liabilities   1,270,989    358,515 
Non-current lease liabilities  $2,523,957   $207,957