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Leases (Tables)
12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Summary of Lease Information

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

%

Summary of Future Minimum Payments for Operating Leases

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