v3.26.1
Operating Leases (Tables)
 3 Months Ended
Mar. 31, 2026
Leases [Abstract]  
Lease Cost, Supplemental Cash Flow Information and Weighted-average Lease Terms and Discount Rates The components of lease costs recognized within our condensed consolidated statements of operations for the three-month periods ended March 31, 2026 and 2025 were as follows:
20262025
Cost of revenues - Freight and rail$2,677,367 $1,292,470 
Cost of revenues - Production253,649 84,148 
Administration expenses7,786 6,434 
Total operating lease costs$2,938,802 $1,383,052 
The following summarizes the supplemental cash flow information for the three-month periods ended March 31, 2026 and 2025:
20262025
Cash paid for amounts included in the measurement of lease liabilities$2,928,137 $946,860 
Supplemental non-cash information:
Right-of-use assets obtained in exchange for lease liabilities$— $155,886 
The following summarizes the weighted-average remaining lease term and weighted-average discount rate as of March 31, 2026:
Weighted-average remaining lease-term - operating leases (in years)10.6
Weighted-average discount rate - operating leases4.4 %
Lessee, Operating Lease, Liability, Maturity
The following is a maturity analysis of the undiscounted cash flows of the operating lease liabilities as of March 31, 2026:
RailcarsOtherTotal
Twelve-month periods ended March 31:
2027$10,980,086 $475,482 $11,455,568 
202810,221,361 473,189 10,694,550 
202910,212,671 458,115 10,670,786 
203010,063,046 410,685 10,473,731 
20319,614,171 352,590 9,966,761 
Thereafter47,592,092 454,140 48,046,232 
Total lease payments98,683,427 2,624,201 101,307,628 
Less amount of lease payments representing interest(20,058,429)(397,629)(20,456,058)
Total present value of lease payments$78,624,998 $2,226,572 $80,851,570