Leases

9 Months Ended

Sep. 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 September 30, 2024 was 4 years, with a weighted average discount rate of 6.0%.

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

Year ending December 31,
2024 (excluding the nine months ended September 30, 2024)	$	617,160
2025	1,913,864
2026	1,365,479
2027	1,018,929
2028	746,956
Thereafter	86,923
Total future minimum lease payments	5,749,311
Less imputed interest	(385,941)
Total	$	5,363,370

Reported as of September 30, 2024
Accrued Liabilities	$	2,079,966
Other Non-Current Liabilities	3,283,404
Total	$	5,363,370