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Leases
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Leases
17.
Leases

The Company has entered into non-cancellable operating leases for offices and vehicles. Lease cost recognized in the Company’s consolidated statements of income is summarized as follows:

 
Year ended
December 31, 2024(1)
    
Year ended
December 31, 2025
  
Operating lease costs
  

54,914
     $ 1,353,193  
Total lease cost:
  

54,914
     $
1,353,193  

(1)
Results for the year ended December 31, 2024 reflect data for the period from the acquisition of MPC Capital on December 16, 2024, through December 31, 2024.

There were no cash payments during the year ended December 31, 2024. Cash paid for operating leases amounted to $1,353,193 for the year ended December 31,2025.

Other information about lease amounts recognized in the consolidated financial statements, as of December 31, 2024 and 2025, is as follows:
Year ended December 31, 2024
Weighted-average remaining lease term – 6.44 years
Weighted-average discount rate – 2.15%
Year ended December 31, 2025
Weighted-average remaining lease term – 5.31 years
Weighted-average discount rate – 2.12%
 
The following table depicts the undiscounted cashflow on an annual basis of each of the next five years and the sum for all the years thereafter:
   
Year ended
December 31, 2025
  
1 year
   $
1,353,449
  
1-2 years
    
1,321,639
  
2-3 years
    
1,308,803
  
3-4 years
    
1,308,803
  
4-5 years
    
1,308,803
  
5+ years
    
1,308,803
  
Total undiscounted cashflow
    
7,910,300
  
Interest
    
(492,674
)
Lease Liability as of December 31, 2025
   $
7,417,626
  

The Company subleases parts of its offices. The income received during the years ended December 31, 2024 and 2025 amounts to $0 and  $1.0 million, respectively, and are included in revenues in the consolidated comprehensive income statement.