LEASES |
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Mar. 31, 2026 | ||||||||||||||||||||||||||||||||||||
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| LEASES | NOTE 8 – LEASES
During 2024, the Company entered into a non-cancellable four year lease for which it recorded a right-of-use asset and liability based on the present value of the lease payments in the amount of $82,897 using a term of 47 months and a discount rate of 12.00%.
The weighted average remaining lease term is 24 months and the weighted average discount rate is 12%. Operating lease expense for the three months ended March 31, 2026 was approximately $6,680.
Total lease payments under our non-cancellable leases as of March 31, 2026 were as follows:
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