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Leases | Note 11 – Leases
The Group has several operating leases for factory facilities and offices. The Group’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. The rental expense for the years ended December 31, 2024, 2023 and 2022 was $136,063, $258,193 and $270,357, respectively.
Supplemental balance sheet information related to operating leases was as follows:
The weighted average remaining lease terms and discount rates for all of operating leases were as follows as of December 31, 2024 and 2023
The following is a schedule of maturities of lease liabilities as of December 31, 2024:
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