Leases

6 Months Ended

Jun. 30, 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 June 30, 2024 was 4 years, with a weighted average discount rate of 6.3%.

Future minimum lease payments for operating leases as of June 30, 2024 were as follows:

Year ending December 31,
2024 (excluding the six months ended June 30, 2024)	$	1,186,804
2025	1,801,961
2026	1,269,701
2027	937,622
2028	697,246
Thereafter	83,429
Total future minimum lease payments	5,976,763
Less imputed interest	(441,169)
Total	$	5,535,594

Reported as of June 30, 2024
Accrued Liabilities	$	2,132,686
Other Non-Current Liabilities	3,402,908
Total	$	5,535,594