OPERATING LEASES — AS A LESSEE (Tables)

12 Months Ended

Dec. 31, 2024

Operating Leases As Lessee

SCHEDULE OF LEASE COSTS

The components of lease costs are as follows:

	For the Years Ended December 31,
	2024		2023
Operating lease costs	$	3,877,048	$	4,056,387
Short-term lease costs		286,009		757,457
Total lease costs	$	4,163,057	$	4,813,844

SCHEDULE OF SUPPLEMENTAL INFORMATION OPERATING LEASES

The following table presents supplemental information related to the Company’s operating leases:

	For the Years Ended December 31,
	2024			2023
Operating cash flows from operating leases	$	4,105,434		$	4,005,952
Operating lease right-of-use assets obtained in exchange for operating lease liabilities	$	—		$	2,305,199
Remeasurement of operating lease liabilities and right-of use assets due to lease modifications	$	2,908,554		$	2,110,079
Weighted average remaining lease term (years)		1.66			2.30
Weighted average discount rate (per annum)		0.65	%		0.19	%

SCHEDULE OF MATURITY OF LEASE LIABILITIES

As of December 31, 2024, the future maturity of lease liabilities is as follows:

Years ending December 31,	Lease Payment
2025	$	4,361,879
2026		712,869
2027		263,412
2028		109,906
2029		109,906
Thereafter		54,950
Total undiscounted lease payments		5,612,922
Less: imputed interest		(29,874	)
Total operating lease liabilities	$	5,583,048