Leases

3 Months Ended

Mar. 31, 2024

Leases [Abstract]

Leases

Leases

The Company has operating leases for certain sales, manufacturing, and engineering offices, as well as other vehicles and equipment, which are included within "Plant and Equipment - Net" section of the condensed consolidated balance sheets. The leases have remaining lease terms of 1 year to 5 years. The weighted average remaining lease term for operating leases as of March 31, 2024 was 4 years, with a weighted average discount rate of 6.3%.

Future minimum lease payments for operating leases as of March 31, 2024 were as follows:

Year ending December 31,
2024 (excluding the three months ended March 31, 2024)	$	1,828,676
2025	1,743,522
2026	1,202,399
2027	901,441
2028	662,837
Thereafter	57,651
Total future minimum lease payments	6,396,526
Less imputed interest	(482,318)
Total	$	5,914,208

Reported as of March 31, 2024
Accrued Liabilities	$	2,310,126
Other Non-Current Liabilities	3,604,082
Total	$	5,914,208