Leases (Tables)

9 Months Ended

Sep. 30, 2025

Supplemental balance sheet information related to leases as of September 30, 2025 and December 31, 2024 is as follows:

	As of
	September 30, 2025		December 31, 2024
Assets:
Right-of-use assets	$	1,241,342	$	1,624,290
Liabilities:
Lease liabilities	$	549,338	$	516,673
Lease liabilities		751,953		1,167,941
Total operating lease liabilities	$	1,301,291	$	1,684,614
Lease term and discount rate
Weighted average remaining lease term (in years)		2.17		2.92
Weighted average discount rate		4.51		4.36

The following summarizes the components of operating lease expense and provides supplemental cash flow information for operating leases:

	For the nine months ended September 30,
	2025		2024
Components of lease expense:
Operating lease expense	$	459,323	$	417,581
Total lease expense	$	459,323	$	417,581

The following table summarizes the maturity of lease liabilities under operating leases as of September 30, 2025:

For the years ending September 30,	Operating Leases
2026	$	602,020
2027		619,552
2028		157,878
Total lease payments	$	1,379,450
Less: imputed interest		(78,159	)
Present value of lease liabilities		1,301,291

Greenland Technologies Holding Corp. 10-Q