XML 29 R21.htm IDEA: XBRL DOCUMENT
v3.26.1

Leases | 12 Months Ended
--- | ---
Dec. 31, 2025
Leases [Abstract] |
Leases | (10) Leases The Company leases office space, towers and office equipment. Discount rates are based on the Company’s incremental borrowing rate due to the rate implicit in the leases being not readily determinable. The Company used the current borrowing rate on its credit facility, adjusted for the effects of collateralization, to determine the various rates it would pay to finance similar transactions over similar time periods. The following table summarizes lease information:
|  | Year ended December 31, |
|  | 2024 |  |  | 2025 |
Lease cost |  |  |  |  |  |
Operating lease cost |  | $ | 11,452,668 |  |  | $ | 11,250,941 |
Short-term lease cost |  |  | 20,760 |  |  |  | — |
Total lease cost |  | $ | 11,473,428 |  |  | $ | 11,250,941 |
Other information |  |  |  |  |  |
Operating cash flows from operating leases |  | $ | 12,015,198 |  |  | $ | 12,027,376 |
Right-of-use assets obtained in exchange for new operating lease liabilities |  |  | 6,685,102 |  |  |  | 3,982,997 |
|  | December 31, |
|  | 2025 |
Weighted-average remaining lease term – operating leases |  | 6.3 |
Weighted-average discount rate – operating leases |  |  | 9.3 | %
As of December 31, 2025, future minimum payments for operating leases for the next five years and thereafter are summarized as follows:
2026 |  | $ | 11,736,001 |
2027 |  |  | 10,129,167 |
2028 |  |  | 8,640,392 |
2029 |  |  | 7,329,624 |
2030 |  |  | 5,205,295 |
Thereafter |  |  | 15,044,028 |
Total lease payments |  |  | 58,084,507 |
Less imputed interest |  |  | (25,476,362 | )
Present value of operating lease liabilities |  |  | 32,608,145 |
Operating lease liabilities - current |  |  | (6,972,790 | )
Operating lease liabilities - long-term |  | $ | 25,635,355 |

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration