7. RIGHT-OF-USE ASSETS AND LEASE LIABILITIES

SCHEDULE OF RIGHT OF USE ASSET AND LEASE LIABILITIES

As of June 30, 2026, the Company had three long-term operating leases corresponding to (1) its corporate headquarters located at 10 Times Square, 30th Floor, New York, New York, (2) space being used as a technology demonstration facility in Westchester County, New York, and (3) an office and operations facility located in Winder, Georgia, which was assumed in connection with the STS Acquisition. Lease components in the Company’s long-term operating leases are accounted for following the guidance in ASC Topic 842, “Leases” (“ASC 842”), for the capitalization of long-term leases. At June 30, 2026, the lease liability was equal to the present value of the remaining lease payments, discounted using a borrowing rate based on similar debt. In accordance with ASC Topic 805, “Business Combinations,” the Company measured the operating lease assumed in the STS Acquisition as if it were a new lease as of the STS Acquisition Date, recognizing a right-of-use asset and a corresponding operating lease liability of $330,154. The operating results of STS, including operating lease cost of $11,212, were included in the Company’s unaudited condensed consolidated financial statements from the STS Acquisition Date through June 30, 2026.

Balance sheet information related to the Company’s leases is presented below.

SCHEDULE OF BALANCE SHEET INFORMATION 

The following provides details of the Company’s lease expense:

SCHEDULE OF LEASE EXPENSE 

NANO NUCLEAR ENERGY INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

As of June 30, 2026

7. RIGHT-OF-USE ASSETS AND LEASE LIABILITIES (Continued)

Other information related to leases is presented below.

SCHEDULE OF OTHER INFORMATION RELATED TO LEASES

As of June 30, 2026, the expected annual minimum lease payments of the Company’s operating lease liabilities were as follows:

SCHEDULE OF EXPECTED ANNUAL MINIMUM LEASE PAYMENTS