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| OPERATING LEASE | Note 11 - OPERATING LEASE
The Company leases offices space under non-cancellable operating leases. The Company considers those renewal or termination options that are reasonably certain to be exercised in the determination of the lease term and initial measurement of right-of-use assets and lease liabilities.
The Company determines whether a contract is or contains a lease at inception of the contract and whether that lease meets the classification criteria of a finance or operating lease.
As of December 31, 2025, the Company had no long-term leases that were classified as a financing lease, and the Company’s lease contracts only contain fixed lease payments and do not contain any residual value guarantee.
The balance of right-of-use assets and operating lease liabilities are as follow:
Supplemental information related to operating leases for the years ended December 31, 2025 and 2024:
The following table summarizes the maturity of the operating lease liabilities as of December 31, 2025
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