LEASES (Tables)

9 Months Ended

Sep. 30, 2024

Leases

SCHEDULE OF MATURITY OF LEASE LIABILITIES

Maturity of lease liabilities under our non-cancellable operating leases as of September 30, 2024 were as follows:

Payments due by period
2024 (remaining three months)	$	1,019,339
2025		3,886,340
2026		3,580,109
2027		2,603,948
2028		1,919,157
Thereafter		2,103,882
Total undiscounted operating lease payments	$	15,112,775
Less: Imputed interest		(1,533,182	)
Present value of operating lease liabilities	$	13,579,593

SCHEDULE OF COMPANY’S OPERATING LEASE

The following table summarizes the Company’s operating leases:

Balance Sheet Classification	September 30, 2024		December 31, 2023
Right of use asset	$	13,668,290	$	11,412,562
Operating lease liability, current	$	3,360,002	$	2,748,824
Operating lease liability, net of current	$	10,219,591	$	8,461,182

SCHEDULE OF OPERATING LEASE TERM

The following table provides a summary of other information related to the leases at September 30, 2024 and December 31, 2023:

Other Information	September 30, 2024			December 31, 2023
Weighted-average remaining lease term for operating leases		4 years			5 years
Weighted-average discount rate for operating leases		4.96	%		3.98	%

SCHEDULE OF COMPONENTS OF LEASE EXPENSE

The components of lease expenses for the three and nine months ended September 30, 2024 and 2023 were as follows:

	Three Months Ended September 30,
	2024		2023
Operating lease cost	$	835,861	$	586,247
Variable lease cost		243,970		205,355
Short-term lease cost		80,058		38,637
Total rent expense	$	1,159,889	$	830,239

	Nine Months Ended September 30,
	2024		2023
Operating lease cost	$	2,115,175	$	1,742,748
Variable lease cost		670,506		650,211
Short-term lease cost		237,880		114,802
Total rent expense	$	3,023,561	$	2,507,761