NOTE
9 - LEASE
As
of June 30, 2025, the Company has two separates lease agreements for the two office spaces in PRC with remaining lease terms of from
6 months to over 8 months.
The
details lease terms are shown as followings:
SCHEDULE
OF DETAILS OF LEASE TERM
| Lease agreement | |
Expiry Date | |
Original
Lease Term | |
The Remaining
Lease Term |
| 1st Changsha office rent, related party | |
Dec. 31, 2025 | |
1 year | |
0.5 year |
| 2nd Beijing office rent, related party | |
Mar. 10, 2026 | |
1 year | |
0.75 year |
A
lease with an initial term of 12 months are not recorded on the balance sheet. The Company accounts for the lease and non-lease components
of its leases as a single lease component. Lease expense is recognized on a straight-line basis over the lease term.
EZAGOO
LIMITED
NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)
(Currency
expressed in United States Dollars (“US$”), except for number of shares)
The
components of lease expense and supplemental cash flow information related to leases are as following:
SCHEDULE
OF LEASE EXPENSE AND SUPPLEMENTAL CASH FLOW INFORMATION RELATED TO LEASES
| | |
2025 | | |
2024 | |
| | |
Six months ended June 30, | |
| | |
2025 | | |
2024 | |
| Leases Cost (included in general and administration in the Company’s unaudited condensed
statement of operations) | |
| | | |
| | |
| Amortization of right-of-use assets | |
$ | - | | |
$ | 12,911 | |
| Interest of operating lease liabilities | |
| - | | |
| 365 | |
| Total lease cost | |
$ | - | | |
$ | 13,276 | |
| | |
| | | |
| | |
| Other Information | |
| | | |
| | |
| Cash paid for the amounts included in the measurement of lease liabilities | |
$ | - | | |
$ | - | |
| Weighted average remaining lease term (in years) | |
| - | | |
| 0.75 | |
| Average discount rate – operating leases | |
| - | | |
| 4.35 | % |
Lease commitments
The
following table sets forth our contractual obligations as of June 30, 2024:
SCHEDULE
OF CONTRACTUAL OBLIGATIONS
| | |
Year ended June 30, | |
| | |
Total | | |
2025 | |
| | |
USD | | |
USD | |
| Operating lease commitments for Lease expense under lease agreements | |
$ | 22,404 | | |
| 11,614 | |
|