Note 3 Leases

Operating Leases

The Company has operating and finance leases for real estate, and office equipment.

Operating lease right-of-use assets are summarized below.

Operating lease liabilities are summarized below:

As of March 31, 2026, and December 31, 2025, $300,857 and $300,907, respectively, of the Company’s operating lease liabilities are included in accounts payable and accrued liabilities on the condensed consolidated balance sheets.

Future minimum rent payments under the operating lease are as follows:

Expenses incurred with respect to the Company’s operating leases during the three months ended March 31, 2026, and 2025, which are included in general and administrative expenses on the condensed consolidated statements of operations are set forth below.

The weighted average remaining lease term and the weighted average discount rate on the operating leases are set forth below.

Finance Leases

On November 1, 2023, iDoc entered into a forbearance agreement with a maturity date of January 10, 2024. On December 13, 2024, the Company revised the forbearance agreement with a maturity date of June 2025. On August 27, 2025, the Company revised the forbearance agreement and agreed to a payment on September 5, 2025, and a further payment on November 30, 2025.

Pursuant to a settlement agreement, the Company paid $1,197,891 to a bank on January 15, 2026, in exchange for the release of certain judgment liens. Of the total amount due on that date, $772,620 related to finance lease liabilities, which was settled through a cash payment of $591,118 and a gain on extinguishment amounting to $181,501, which was recorded within ‘Gain on extinguishment of financial liabilities’ in the condensed consolidated statements of operations.

Accordingly, the finance lease liabilities have been fully settled as of March 31, 2026.

Finance lease liabilities are summarized below:

Total finance lease cash payments made during the three months ended March 31, 2026, and 2025 were $591,118 and $25,000 respectively. As such, as of March 31, 2026, and December 31, 2025, $0 and $641,558, respectively, of the Company’s financing lease liabilities are included in accounts payable and accrued liabilities on the condensed consolidated balance sheets.

Expenses incurred with respect to the Company’s finance leases during the three months ended March 31, 2026, and 2025, which are included in the condensed consolidated statements of operations are set forth below.

The weighted average remaining lease term and the weighted average discount rate on the finance leases are set forth below.