v3.26.1
Operating Leases
 3 Months Ended
Mar. 31, 2026
Operating Leases [Abstract]  
OPERATING LEASES

NOTE 7 – OPERATING LEASES

 

The Company entered into a New Lease Agreement (the “Lease”) with Tuck property, LLC (the “Lessor”), effective June 1, 2025, relating to approximately 1,600 square feet of property located at 3222 W. Highway 84, Blackshear, GA. The term of the Lease is for twenty-four (24) months commencing June 1, 2025. The monthly base rent, including tax is $1,600. 

 

Asset   Balance Sheet Classification   March 31,
2026		     December 31,
2025		  
Operating lease asset   Right of use asset   $ 21,716     $ 26,207  
Total lease asset       $ 21,716     $ 26,207  
                     
Liability                    
Operating lease liability – current portion   Current operating lease liability   $ 17,928     $ 18,154  
Operating lease liability – noncurrent portion   Long-term operating lease liability     3,788       8,053  
Total lease liability       $ 21,716     $ 26,207  

 

Lease obligation at March 31, 2026 consisted of the following:

 

For the year ended December 31:      
2026   $ 14,400  
2027     8,000  
Total payments     22,400  
Amount representing interest     (684 )
Lease obligation, net     21,716  
Less current portion     (17,928 )
Lease obligation – long term   $ 3,788  

 

The operating lease expense for the above agreement for the three months ended March 31, 2026, was $4,800 which consisted of amortization expense of $4,491 and interest expense of $309.