Leases (Tables)

9 Months Ended

Sep. 30, 2024

Leases

Schedule of lease cost

	For the Nine Months Ended September 30, 2024		For the Nine Months Ended September 30, 2023
Operating lease cost	$	957,600	$	956,673
Finance lease cost
Amortization of lease assets		1,712,838		1,240,249
Interest on lease liabilities		719,832		525,791
Total finance lease cost	$	2,432,670	$	1,766,040

Schedule of weighted average remaining lease term and incremental borrowing rate

	For the Nine Months Ended September 30, 2024			For the Nine Months Ended September 30, 2023
Weighted average remaining lease term
Operating leases		5.9 years			6.7 years
Finance leases		11.1 years			11.3 years
Weighted average incremental borrowing rate
Operating leases		9.75	%		9.45	%
Finance leases		10.12	%		10.12	%

Schedule of maturities of operating and finance lease liabilities

	Operating Leases		Finance Leases		Total
2024 (excluding the nine months ended September 30, 2024)	$	196,016		419,602	$	615,618
2025		801,601		1,765,385		2,566,986
2026		828,175		1,679,279		2,507,454
2027		855,510		902,127		1,757,637
2028		883,863		931,290		1,815,153
2029		652,422		961,311		1,613,733
2030		536,933		1,062,262		1,599,195
Thereafter		—		8,278,092		8,278,092
Total minimum lease payments		4,754,520		15,999,348		20,753,868
Less: imputed interest		(1,125,060)		(6,793,197)		(7,918,257)
Present value of lease liabilities	$	3,629,460	$	9,206,151	$	12,835,611