v3.25.1
COMMITMENTS AND CONTINGENCIES
 3 Months Ended
Mar. 31, 2025
Commitments and Contingencies Disclosure [Abstract]  
COMMITMENTS AND CONTINGENCIES

NOTE 7 – COMMITMENTS AND CONTINGENCIES

 

Lease Commitment

 

The Company leases office facilities under an operating lease agreement that expires October 31, 2025. During the three months ended March 31, 2025, the operating cash outflows related to operating lease liabilities of $24,221 and the expense for the right of use asset for operating leases was $23,867. As of March 31, 2025, the Company’s operating lease had a weighted-average remaining term of 0.58 years and a weighted average discount rate of 12%. As of March 31, 2025, the lease agreement requires future payments as follows:

 

Year  Amount 
2025   52,536 
Total future lease payments   52,536 
Less: imputed interest   (2,040)
Present value of future operating lease payments   50,496 
Less: current portion of operating lease liabilities   (50,496)
Operating lease liabilities, net of current portion  $— 
Right of use assets  $49,669 

 

Total base rental expense was $23,867 and $22,646 for the three months ended March 31, 2025 and 2024, respectively. The Company does not have any capital leases or other operating lease commitments.