LEASES

12 Months Ended

Dec. 31, 2025

NOTE 3 – LEASES

On March 1, 2021, the Company entered into lease agreements to rent office and marina spaces for a 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 new 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:

		Year Ended
		December 31,
		2025				2024
Lease cost:
Operating lease cost		$	-			$	241,776
Short-term lease cost			400,502				250,142
Sublease income			-				(1,500	)
Total lease cost		$	400,502			$	490,418

Supplemental cash flow information related to leases was as follows:

		Year Ended
		December 31,
		2025				2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases		$	-			$	335,607

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

Supplemental balance sheet information related to leases was as follows:

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