v3.26.1
OPERATING LEASE RIGHT-OF-USE (“ROU”) ASSETS AND OPERATING LEASE LIABILITIES (Tables)
 3 Months Ended
Mar. 31, 2026
Operating Lease Right-of-use Rou Assets And Operating Lease Liabilities  
SCHEDULE OF RIGHT OF USE ASSET

On March 31, 2026 and December 31, 2025, right-of-use asset (“ROU”) is summarized as follows:

 

   March 31, 2026   December 31, 2025 
Office lease right of use assets  $310,598   $310,598 
Auto lease right of use asset   19,583    19,583 
Less: accumulated amortization   (290,613)   (271,171)
Balance of ROU assets  $39,568   $59,010 

 

 

SAFE PRO GROUP INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED MARCH 31, 2026 AND 2025

(unaudited)

 

Other information:  March 31, 2026   December 31, 2025 
         
Weighted average remaining lease term – operating leases   0.53 years    0.75 years 
Weighted average discount rate – operating leases   4.60%   4.60%
SCHEDULE OF OPERATING LEASE LIABILITY TO ROU ASSET

On March 31, 2026 and December 31, 2025, operating lease liabilities related to the ROU assets are summarized as follows:

 

   March 31, 2026   December 31, 2025 
Lease liabilities related to office lease right of use assets  $32,867   $51,610 
Lease liabilities related to auto lease right of use asset   3,687    4,497 
Less: current portion of lease liabilities   (36,554)   (55,160)
Lease liabilities – long-term  $-   $947 
SCHEDULE OF LEASE PAYMENTS DUE UNDER NON-CANCELABLE OPERATING LEASES

On March 31, 2026, future minimum base lease payments due under non-cancelable operating leases are as follows:

 

Twelve months ended March 31,  Amount 
Remainder of 2026  $36,236 
2027   1,183 
Total minimum non-cancellable operating lease payments   37,419 
Less: discount to fair value   (865)
Total lease liabilities on March 31, 2026  $36,554