LEASES — AS A LESSEE (Tables)

3 Months Ended

Mar. 31, 2025

Leases As Lessee

SCHEDULE OF LEASE COSTS

The components of lease costs are as follows:

	For the Three Months Ended March 31,
	2025		2024
Finance lease costs:
Amortization of finance lease right-of-use assets	$	10,050	$	—
Interest on finance lease liabilities		2,246		—
Total finance lease costs		12,296		—
Operating lease costs		986,500		1,054,688
Short-term lease costs		40,341		79,114
Total lease costs	$	1,039,137	$	1,133,802

SCHEDULE OF SUPPLEMENTAL INFORMATION OPERATING LEASES

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

	For the Three Months Ended March 31,
	2025			2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	1,036,605		$	991,584
Operating cash flows from finance leases		2,246			—
Financing cash flows from finance leases		223,454			—
Non-cash information:
Operating lease right-of-use assets obtained in exchange for operating lease liabilities		102,599			—
Finance lease right-of-use assets obtained in exchange for finance lease liabilities		581,129			—
Remeasurement of operating lease liabilities and right-of-use assets due to lease modifications		358,358			1,078,611
Weighted average remaining lease term (years)
Operating leases		1.74			2.32
Finance leases		2.77			—
Weighted average discount rate (per annum)
Operating leases		0.67	%		0.19	%
Finance leases		5.01	%		—

SCHEDULE OF MATURITY OF LEASE LIABILITIES

As of March 31, 2025, the future maturity of operating and finance lease liabilities is as follows:

Years ending December 31,		Operating Leases			Finance Leases
Remaining of 2025	$	3,584,559		$	119,274
2026		1,190,693			127,335
2027		398,265			73,283
2028		127,386			41,538
2029		115,276			6,732
Thereafter		57,638			—
Total undiscounted lease payments		5,473,817			368,162
Less: imputed interest		(29,844	)		(15,058	)
Present value of lease liabilities		5,443,973			353,104
Less: lease liabilities, current		(4,131,154	)		(157,532	)
Lease liabilities, non-current	$	1,312,819		$	195,572