NOTE
6 OPERATING LEASE LIABILITIES
The
following table outlines the total lease cost for the Company’s operating leases as well as weighted-average information for
these leases as of March 31, 2026, and 2025 respectively:
SCHEDULE
OF LEASE COST OPERATING LEASE
| | |
For the three months ended March 31, | |
| | |
2026 | | |
2025 | |
| Cash paid for operating lease liabilities | |
$ | 594,080 | | |
$ | 564,922 | |
| Fixed rent payments | |
| 522,693 | | |
| 2,703,789 | |
| Lease - Depreciation expense | |
$ | 536,323 | | |
$ | 517,628 | |
| Weighted-average discount rate | |
| 6.48 | % | |
| 6.48 | % |
| Weighted-average remaining lease term (in months) | |
| 82 | | |
| 92 | |
SCHEDULE
OF MINIMUM LEASE OBLIGATION
| Minimum Lease obligation | |
| | |
| | |
| | |
| Twelve months ended March 31, 2027 | |
$ | 2,560,152 | |
| Twelve months ended March 31, 2028 | |
| 2,286,013 | |
| Twelve months ended March 31, 2029 | |
| 2,535,879 | |
| Twelve months ended March 31, 2030 | |
| 2,805,382 | |
| Twelve months ended March 31, 2031, and thereafter | |
| 9,564,729 | |
| Total | |
$ | 19,752,155 | |
|