XML 50 R40.htm IDEA: XBRL DOCUMENT v3.24.0.1
Leases (Tables)
12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Summary of lease information

The following table summarizes lease information:

 

 

Year ended December 31,

 

 

2022

 

 

2023

 

Lease cost

 

 

 

 

 

 

Operating lease cost

 

$

11,974,079

 

 

$

11,565,713

 

Short-term lease cost

 

 

29,880

 

 

 

30,620

 

Total lease cost

 

$

12,003,959

 

 

$

11,596,333

 

 

 

 

 

 

 

 

Other information

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

11,665,909

 

 

$

12,182,522

 

Right-of-use assets obtained in exchange for new operating lease
   liabilities

 

 

13,383,043

 

 

 

4,561,161

 

 

 

 

December 31,
2023

 

Weighted-average remaining lease term – operating leases

 

6.8

 

Weighted-average discount rate – operating leases

 

 

9.1

%

Schedule of future minimum lease payments

As of December 31, 2023, future minimum payments for operating and finance leases for the next five years and thereafter are summarized as follows:

 

2024

 

$

11,260,982

 

2025

 

 

10,483,998

 

2026

 

 

8,070,642

 

2027

 

 

6,555,452

 

2028

 

 

5,015,972

 

Thereafter

 

 

16,098,110

 

Total lease payments

 

 

57,485,156

 

Less imputed interest

 

 

(15,961,929

)

Present value of lease liabilities

 

$

41,523,227