Leases (Tables)

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Schedule of Maturity Analysis of the Annual Undiscounted Cash Flows to Be Received

The following is a maturity analysis of the annual undiscounted cash flows to be received with respect to the Office Leases as of December 31, 2024:

2025	$	974,622
2026		979,145
2027		1,008,506
2028		1,038,789
2029		1,069,994
Thereafter		3,158,279
Total	$	8,229,335

Schedule of Operating Leases

The following table presents balances reported in our consolidated statements of financial position related to our operating leases as of December 31, 2024 and 2023:

	2024		2023
Right-of-use assets	$	66,293,751	$	11,907,557
Lease liabilities – current	$	4,969,959	$	3,474,199
Lease liabilities – non-current		10,438,555		9,594,373
Total lease liabilities	$	15,408,514	$	13,068,572

The following is a summary of supplemental information pertaining to our operating leases as of December 31, 2024, 2023 and 2022:

	2024			2023			2022
Weighted average remaining lease term (in years)		5.44			5.65			6.02
Weighted average discount rate		5.28	%		4.69	%		4.71	%
Cash payments for operating leases	$	47,136,626		$	3,349,052		$	1,665,561
Lease liabilities arising from obtaining right-of-use assets	$	4,745,979		$	3,584,020		$	4,340,721

Schedule of Maturity Analysis of the Annual Undiscounted Cash Flows to Be Paid

The following is a maturity analysis of the annual undiscounted cash flows to be paid on operating leases as of December 31, 2024:

2025	$	5,611,005
2026		3,277,749
2027		2,484,428
2028		1,373,566
2029		1,266,921
Thereafter		3,571,652
Total undiscounted operating lease payments		17,585,321
Less: imputed interest		2,176,807
Present value of lease liabilities	$	15,408,514