The Company determines whether an arrangement is or contains a lease at inception. Lease agreements under which the Company is a lessee are evaluated for classification as either finance or operating leases. The Company’s leases are classified as operating leases. Operating lease right-of-use (“ROU”) assets and corresponding lease liabilities are recognized at the commencement date based on the present value of lease payments over the lease term. The ROU asset represents the Company’s right to use the underlying asset during the lease term, and the lease liability represents the Company’s obligation to make lease payments. As most of the Company’s leases do not provide an implicit interest rate, the Company uses its incremental borrowing rate, determined based on information available at the lease commencement date, to measure the present value of lease payments.

Leases with an initial term of 12 months or less are not recorded on the Company’s consolidated balance sheets. Instead, lease expense for these short-term leases is recognized on a straight-line basis over the lease term. The Company has elected the practical expedient to account for lease and non-lease components as a single lease component.

The Company leases office space in New York City under an operating lease with a term of approximately 39 months, which includes an option to renew. The lease requires fixed monthly payments and does not include variable lease payments based on an index or rate.

In addition, on January 5, 2026, the Company, through its subsidiary AMCV Company Limited, entered into a lease agreement for office space in Vietnam with an initial term of 12 months. This lease qualifies as a short-term lease under ASC 842, and accordingly, no ROU asset or lease liability has been recognized. Instead, lease payments are recognized as rent expense on a straight-line basis over the lease term. Rent expense related to this lease was approximately $368 for the three months ended March 31, 2026.

For the three months ended March 31, 2026, the Company recognized operating lease expense of $14,210, primarily related to its New York office lease. No lease expense was recognized for the three months ended March 31, 2025.

As of March 31, 2026, the Company’s operating lease ROU asset and total lease liability were $88,354 and $96,051, respectively, compared to $101,221 and $110,102 as of December 31, 2025. The decrease reflects ongoing amortization of the ROU asset and payments made against the lease liability during the period.

The components of operating lease expense for the three months ended March 31, 2026 and 2025 were as follows:

 SCHEDULE OF LEASE COST

Operating Lease Expense

Right-of-Use Asset and Lease Liability

Weighted-Average Lease Term and Discount Rate

Supplemental Cash Flow Information

Future Minimum Lease Payments

The following table summarizes the Company’s future lease payments under the operating lease as of March 31, 2026

 SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS

The Company determines if an arrangement is a lease at inception. Lease agreements under which the Company is a lessee are evaluated to classify the lease as a finance or operating lease. Operating lease assets and liabilities are recognized at the commencement date of the lease based on the present value of lease payments over the lease term. Lease assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. As most leases do not provide an implicit interest rate, the Company uses its incremental borrowing rate based on the information available at the lease commencement date in determining the present value of lease payments.

Leases with an initial term of 12 months or less are not recorded on the Company’s consolidated balance sheets. The Company recognizes lease expense for these leases on a straight-line basis over the lease term. The Company accounts for lease components and non-lease components as a single lease component.

The Company leased an office in New York City with a 39-month term and an option to renew. Payments for this office space include fixed rental payments and do not consist of any variable lease payments that depend on an index or a rate.

In accordance with ASC 842, lease expense for the year ended December 31, 2025 was $67,198. Lease expense for the year ended December 31, 2024 was $nil, as the lease commenced in August 2024 and lease expense for 2024 was not material.

The components of operating lease expense for the years ended December 31, 2025 and 2024 were as follows:

  SCHEDULE OF LEASE COST

Operating Lease Expense

Right-of-Use Assets and Lease Liabilities

Weighted-Average Lease Term and Discount Rate

Supplemental Cash Flow Information

Future Minimum Lease Payments

The following table summarizes the Company’s future lease payments under the operating lease as of December 31, 2025:

 SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS