| Schedule of Component of Operating Lease |
The following components of lease cost are included
in the Company’s consolidated statements of operations and comprehensive loss:
| | |
For the year ended December 31, | | |
For the year ended December 31, | | |
For the year ended December 31, | |
| | |
2025 | | |
2024 | | |
2023 | |
| Operating lease cost | |
$ | 1,257,470 | | |
$ | 1,822,184 | | |
$ | 2,053,911 | |
| Short-term lease cost | |
| 10,536 | | |
| 2,870 | | |
| 18,404 | |
| Total lease cost | |
$ | 1,268,006 | | |
$ | 1,825,054 | | |
$ | 2,072,315 | |
Supplemental cash flow information related to
operating leases was as follows:
| | |
For the year ended | | |
For the year ended | | |
For the year ended | |
| | |
December 31, | | |
December 31, | | |
December 31, | |
| | |
2025 | | |
2024 | | |
2023 | |
| Cash paid for amounts included in the measurement of lease liabilities | |
| | |
| | |
| |
| Operating cash flows for operating leases | |
$ | 797,890 | | |
$ | 1,285,329 | | |
$ | 2,692,699 | |
| Supplemental lease cash flow disclosure | |
| | | |
| | | |
| | |
| Operating lease right-of-use assets obtained in exchange for operating lease liabilities | |
$ | 1,119,621 | | |
$ | 273,213 | | |
$ | 1,801,664 | |
| Remeasurement of the lease liabilities and right-of-use-assets due to lease modification | |
$ | 136,855 | | |
$ | 1,350,538 | | |
$ | 320,911 | |
Supplemental balance sheet information related
to operating leases was as follows:
| | | As of | | | As of | | | | | December 31, | | | December 31, | | | | | 2025 | | | 2024 | | | | | | | | | | | Weighted average remaining lease term of operating leases | | | 4.49 Years | | | | 4.78 Years | | | Weighted average discount rate of operating leases | | | 6.5250 | % | | | 6.5250 | % |
|
| Schedule of Maturity Analysis of Operating Lease Liabilities |
The Company’s maturity analysis of operating
lease liabilities, including operating lease liabilities to related parties, as of December 31, 2025 is as follows:
| | |
Operating | |
| | |
Leases | |
| 2026 | |
$ | 1,115,983 | |
| 2027 | |
| 1,082,436 | |
| 2028 | |
| 1,010,021 | |
| 2029 | |
| 967,452 | |
| 2030 | |
| 802,542 | |
| Thereafter | |
| 34,133 | |
| Total lease payment | |
| 5,012,567 | |
| Less: imputed interest | |
| (407,415 | ) |
| Present value of operating lease liabilities | |
| 4,605,152 | |
| Less: current obligation | |
| (1,153,766 | ) |
| Long-term obligation at December 31, 2025 | |
$ | 3,451,386 | |
|