| LEASE RIGHT-OF-USE ASSET AND LEASE LIABILITIES |
9. LEASE RIGHT-OF-USE ASSET AND LEASE LIABILITIES
SCHEDULE OF LEASE RIGHT OF USE ASSETS AND LEASE LIABILITIES
| Right-Of-Use Assets | |
| |
| Balance as of December 31, 2024 | |
$ | 615,444 | |
| New right-of-use assets recognized | |
| 585,480 | |
| Amortization for the three months ended March 31, 2025 | |
| (14,107 | ) |
| Adjustment for non-exercising option | |
| (557,776 | ) |
| Adjustment for foreign currency translation difference | |
| 4,675 | |
| Balance as of March 31, 2025 | |
$ | 633,716 | |
| | |
| | |
| Lease Liability | |
| | |
| Balance as of December 31, 2024 | |
$ | 615,444 | |
| New lease liability recognized | |
| 585,480 | |
| Imputed interest for the three months ended March 31, 2025 | |
| 10,345 | |
| Gross repayment for the three months ended March 31, 2025 | |
| (24,452 | ) |
| Adjustment for non-exercising option | |
| (557,776 | ) |
| Adjustment for foreign currency translation difference | |
$ | 4,675 | |
| Balance as of March 31, 2025 | |
$ | 633,716 | |
| | |
| | |
| Lease liability current portion | |
| 58,891 | |
| Lease liability non-current portion | |
$ | 574,825 | |
Other information:
SCHEDULE OF OTHER INFORMATION
| | |
Three months ended
March 31, 2025 | | |
Three months ended
March 31, 2024 | |
| Cash paid for amounts included in the measurement of lease liabilities: | |
| | | |
| | |
| Operating cash flow to operating lease | |
$ | 24,452 | | |
$ | 22,712 | |
| Right-of-use assets obtained in exchange for operating lease liabilities | |
| - | | |
| - | |
| Remaining lease term for operating lease (years) | |
| 8.78 | | |
| 8.46 | |
| Weighted average discount rate for operating lease | |
| 6.40 | % | |
| 5.40 | % |
|
11.
LEASE RIGHT-OF-USE ASSET AND LEASE LIABILITIES
SCHEDULE OF LEASE RIGHT OF USE ASSETS AND LEASE LIABILITIES
| Right-Of-Use Assets | |
| |
| Balance as of December 31, 2023 | |
$ | 651,853 | |
| New right-of-use assets recognized | |
| 113,560 | |
| Amortization for the year ended December
31, 2024 | |
| (60,303 | ) |
| Adjustment for non-exercising option | |
| (105,772 | ) |
| Adjustment for foreign
currency translation difference | |
| 16,106 | |
| Balance as of December 31, 2024 | |
$ | 615,444 | |
| | |
| | |
| Lease Liability | |
| | |
| Balance as of December 31, 2023 | |
$ | 651,853 | |
| New lease liability recognized | |
| 113,560 | |
| Imputed interest for the year ended December
31, 2024 | |
| 34,678 | |
| Gross repayment for the year ended December
31, 2024 | |
| (94,981 | ) |
| Adjustment for non-exercising option | |
| (105,772 | ) |
| Adjustment for foreign
currency translation difference | |
$ | 16,106 | |
| Balance as of December
31, 2024 | |
$ | 615,444 | |
| | |
| | |
| Lease liability current portion | |
| 64,787 | |
| Lease liability non-current
portion | |
$ | 550,657 | |
Other
information:
SCHEDULE OF OTHER INFORMATION
| | |
For
the year ended December
31, 2024 | | |
For
the year ended
December 31, 2023 | |
| Cash paid for amounts included in the measurement
of lease liabilities: | |
| | | |
| | |
| Operating cash flow to operating
lease | |
$ | 94,981 | | |
$ | 93,691 | |
| Right-of-use assets obtained in exchange
for operating lease liabilities | |
| - | | |
| - | |
| Remaining lease term for operating lease
(years) | |
| 7.80 | | |
| 8.71 | |
| Weighted average
discount rate for operating lease | |
| 5.58 | % | |
| 5.40 | % |
|