LEASES

6 Months Ended

Jun. 30, 2025

NOTE 3 – LEASES

On March 1, 2021, the Company entered into lease agreements to rent office and marina spaces for a 3 three-year term at $29,250 per month for the first twelve months. The Company leases its offices at 2801 W Coast Hwy, Suite 200, Newport Beach CA 92663. The lease was terminated on February 29, 2024, the Company moved out from premises on April 15, 2024. The Company moved to a new office at 2751W Coast Hwy on a month-to-month basis.

On May 9,2025, the Company entered into a lease agreement with a term of one year.

In accordance with ASC 842, the Company recognized operating lease ROU assets and lease liabilities as follows:

The components of lease expense were as follows:

SCHEDULE OF LEASE EXPENSE

	2025		2024
	Six Months Ended
	June 30,
	2025		2024
Lease cost:
Operating lease cost	$	-	$	120,888
Short-term lease cost		203,422		135,026
Sublease income		-		(1,500	)
Total lease cost	$	203,422	$	254,414

Supplemental cash flow information related to leases was as follows:

	2025			2024
	Six Months Ended
	June 30,
	2025			2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	-		$	153,001

Weighted-average remaining lease term - operating leases (year)		-			-
Weighted-average discount rate — operating leases		0.00	%		3.35	%

Supplemental balance sheet information related to leases was as follows:

As of June 30, 2025, and December 31, 2024, the operating lease right-of-use asset and operating lease liabilities were $0.