v3.25.2
Commitments and Contingencies
6 Months Ended
Jun. 30, 2025
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies

Note 9 - Commitments and Contingencies

 

During 2024, the Company entered into several short-term operating lease agreements for office space in China. These leases are each for a term of one year or less and are therefore not recognized on the balance sheet in accordance with the short-term lease exemption under ASC 842.

 

In July 2024, the Company leased approximately 8 square meters of office space, expiring July 3, 2025, with monthly lease payments of approximately $92.

 

In August 2024, the Company commenced another lease expiring July 31, 2025, with monthly payments of approximately $276.

 

In November 2024, the Company entered into a lease expiring October 31, 2025, with monthly payments of approximately $345.

 

The Company recognizes lease expense on a straight-line basis over the lease term. For the six months ended June 30, 2025 and 2024, total lease expenses were $4,274 and $902, respectively.

 

Legal proceedings

 

There was no legal proceeding in which the Company was a party as of June 30, 2025.