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COMMITMENTS AND CONTINGENCIES
6 Months Ended
Jun. 30, 2025
COMMITMENTS AND CONTINGENCIES  
COMMITMENTS AND CONTINGENCIES

NOTE 18 – COMMITMENTS AND CONTINGENCIES

Operating Lease Commitments

The Company leases certain of its office properties under non-cancellable operating lease arrangements. Payments under operating leases are expensed on a straight-line basis over the periods of their respective terms, and the terms of the leases do not contain rent escalation, or contingent rent, renewal, or purchase options. There are no restrictions placed upon the Company by entering into these leases. Rental expenses under operating leases for the six months ended June 30, 2025 and 2024 were $31,464 and $29,352, respectively.

As of June 30, 2025, the Company had the following operating lease obligations.

    

Amount

Within one year

$

17,269

Two to five years

 

$

17,269