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Leases (Tables)
3 Months Ended
Mar. 31, 2025
Leases  
Schedule of lease-related assets and liabilities

The following table presents the lease-related assets and liabilities and their respective classification on the condensed consolidated balance sheets:

    

March 31, 

December 31, 

2025

2024

ASSETS

 

  

Current

 

  

  

Prepaid expenses and other current assets

$

27,984

$

41,801

Noncurrent

 

 

Operating lease right-of-use assets

 

3,050,106

3,190,985

Total lease right-of-use assets

$

3,078,090

$

3,232,786

LIABILITIES

    

  

 

  

Current

 

  

  

Current maturities of operating leases

$

636,075

$

634,947

Noncurrent

 

 

Noncurrent operating leases

2,473,687

2,630,812

Total lease liabilities

$

3,109,762

$

3,265,759

Weighted average remaining lease term:

 

  

 

  

Operating leases

 

4.8 years

 

5.0 years

 

 

Weighted average discount rate:

 

 

Operating leases

 

6.56%

 

6.56%

Schedule of components of lease costs

The components of lease costs were as follows:

    

Three Months Ended March 31, 

    

2025

2024

Operating lease costs

$

207,555

$

205,872

Short-term lease costs

 

99,025

69,709

Lease costs - discontinued operations

2,697

12,120

Total lease costs

$

309,277

$

287,701

Schedule of Supplemental cash flow information related to leases

Supplemental cash flow information related to leases is as follows:

    

Three Months Ended March 31, 

2025

2024

Cash paid for amounts included in measurement of liabilities:

 

  

Operating cash outflows for operating leases

$

218,376

$

198,504

Operating cash outflows for operating leases - discontinued operations

Schedule of future lease payments relating to the company's operating lease liabilities

Future lease payments relating to the Company’s operating lease liabilities from continuing operations as of March 31, 2025 were as follows:

Years ending December 31, 

    

Total

2025

$

626,130

2026

 

763,783

2027

 

732,904

2028

 

749,143

2029

455,209

Thereafter

 

314,007

Total future lease payments

 

3,641,176

Less: imputed interest

 

(531,414)

Total lease obligations

 

3,109,762

Less: current obligations

 

(636,075)

Noncurrent lease obligations

$

2,473,687