v3.25.2
Operating Leases
3 Months Ended
Mar. 31, 2025
Operating Leases [Abstract]  
OPERATING LEASES

NOTE 5 – OPERATING LEASES

 

We had operating leases for our corporate offices and one short-term lease for executive offices. Our corporate office lease has a remaining lease term of thirty-five (35) months with no options to extend. The Company moved out from the premises on December 15, 2024. As of March 31, 2025, and December 31, 2024, our lease liabilities were nil.

 

   Three months ended 
   March 31, 
   2024 
The components of lease expense were as follows:     
Short-term lease cost  $16,476 
Operating lease cost   30,069 
Total lease cost  $46,545 
      
Supplemental cash flow information related to leases was as follows:
Operating cash flows from operating leases
  $31,180 
Right-of-use assets obtained in exchange for new operating lease liabilities  $
-
 
      
      
Weighted-average remaining lease term - operating leases (year)   2.67 
Weighted-average discount rate — operating leases   6.50