Note
8 — Lease
In
March 2026, the Company lease office space at RM 2309, No. 1 Hung To Road, Kwun Tong, Kowloon, Hongkong, under a lease term from April
1, 2026 to March 31, 2028, at a monthly rent of HKD45,000. As the office was available for use by the Company at March 31,2026 and the
lease term exceeds 12 months, the Company recognized right-of-use asset and lease liabilities related to this lease as of March 31, 2026.
As
of March 31, 2026 and September 30, 2025, lease information related to the Company’s operation leases is as following:
Schedule
of operating leases
| | |
March 31,
2026 | | |
September 30,
2025 | |
| | |
(unaudited) | | |
| |
| Operating lease right-of-use assets | |
$ | 132,621 | | |
$ | - | |
| | |
| | | |
| | |
| Current liabilities – lease liability, current | |
| 64,988 | | |
| - | |
| Non-current liabilities – lease liability, non-current | |
| 61,896 | | |
| - | |
| Total operating lease liabilities | |
$ | 126,884 | | |
$ | - | |
The
following table presents lease cost and supplemental information for the three and six months ended March 31, 2026 and 2025:
Schedule
of lease cost supplemental information
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| | |
For the Three Months Ended March 31, | | |
For the Six Months Ended March 31, | |
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| Operating lease cost | |
$ | - | | |
$ | - | | |
$ | - | | |
$ | - | |
| Other information: | |
| | | |
| | | |
| | | |
| | |
| Cash paid for amounts included in measurement of lease liabilities | |
$ | 5,737 | | |
$ | - | | |
$ | 5,737 | | |
$ | - | |
| Remaining term in years | |
| 2 | | |
| - | | |
| 2 | | |
| - | |
| Average discount rate – Operating leases | |
| 4 | % | |
| | | |
| 4 | % | |
| | |
Maturities
of the Company’s lease liabilities are as follows:
Schedule
of Maturities lease liabilities
| | |
Operating Lease | |
| | |
| |
| For periods subsequent to March 31, 2026 | |
| | |
| The remaining six months ended September 30, 2026 | |
$ | 34,440 | |
| From October 1, 2026 to March 31,2028 | |
| 97,581 | |
| Less: Imputed interest | |
| (5,137 | ) |
| Present value of operating lease liabilities | |
$ | 126,884 | |
|