Leases (Tables)

9 Months Ended

Sep. 30, 2024

Leases [Abstract]

Supplemental Information Related to Leases

Supplemental information related to operating leases for the nine months ended September 30, 2024 and 2023 is as follows:

	Nine Months Ended September 30,
	2024			2023
Cash paid for amounts included in the measurement of operating lease liabilities	$	589,455		$	558,028
Right-of-use assets obtained in exchange for operating lease liabilities	$	1,547,800		$	—
Weighted-average remaining lease term - operating leases	4.3 Years			3.9 Years
Weighted-average discount rate - operating leases	7.5		%	6.0		%

Supplemental information for finance leases for the nine months ended September 30, 2024 was as follows:

	September 30, 2024
Right-of-use assets obtained in exchange for finance lease liabilities	$	256,811
Weighted-average remaining lease term - finance leases	4.5 Years
Weighted-average discount rate - finance leases	9.8		%

Future Minimum Lease Commitments

Future minimum lease commitments under non-cancellable operating and finance leases as of September 30, 2024 were as follows:

	Operating Leases		Finance Leases		Total
Year 1	$	546,070	$	119,920	$	665,990
Year 2	545,587		104,844		650,431
Year 3	466,245		104,844		571,089
Year 4	425,465		104,844		530,309
Year 5	117,232		62,375		179,607
Thereafter	75,457		—		75,457
Total lease payments	2,176,056		496,827		2,672,883
Less: imputed interest	296,634		96,216		392,850
Total	$	1,879,422	$	400,611	$	2,280,033

Assets and Liabilities, Lessee

Supplemental balance sheet information related to operating leases as of September 30, 2024 and December 31, 2023 was as follows:

	September 30, 2024		December 31, 2023
Operating leases
Right-of-use assets	$	1,839,031	$	743,096
Operating lease liability, current	$	426,498	$	248,933
Operating lease liability, long-term	1,452,924		523,660
Total operating lease liability	$	1,879,422	$	772,593

Supplemental balance sheet information related to finance leases as of September 30, 2024 and December 31, 2023 is as follows:

	September 30, 2024		December 31, 2023
Finance leases
Right-of-use assets - motor vehicles	$	410,841	$	200,187
Right-of-use assets - boiler	27,282		—
Total finance lease assets	$	438,123	$	200,187
Finance lease liability, current	$	84,814	$	40,540
Finance lease liability, long-term	315,797		159,647
Total finance lease liability	$	400,611	$	200,187