v3.26.1
LEASES (Tables)
 6 Months Ended
Jun. 30, 2026
Leases  
SCHEDULE OF RIGHT-OF-USE ASSETS AND LEASE LIABILITIES

The following summarizes the right-of-use assets and lease liabilities recorded on the Company’s balance sheet as of June 30, 2026 and December 31,2025:

 

   June 30,   December 31, 
   2026   2025 
Right-of-use assets, net  $1,926,885   $2,117,284 
Operating lease liabilities – current portion   424,215    392,950 
Operating lease liabilities – long-term portion   1,504,887    1,725,073 
SCHEDULE OF LEASE COST

The following is a summary of the lease cost of operating leases recognized in the Company’s statement of operations:

 

   2026   2025   2026   2025 
   Three Months Ended June 30,   Six Months Ended June 30, 
   2026   2025   2026   2025 
Operating lease cost included in general and administrative expense  $146,783   $-   $293,565   $- 
Variable lease costs (NNN)   29,655    -    59,310    - 
Short-term lease costs   1,500    17,550    1,500    35,100 
Total lease costs  $177,938   $17,550   $354,375   $35,100 
SCHEDULE OF SUPPLEMENTAL CASH FLOW INFORMATION

The following is a summary of the supplemental information related to the Company’s operating leases included in the statements of cash flows:

 

   2026   2025 
   Six Months Ended June 30, 
   2026   2025 
Cash paid for amounts included in the measurement of operating lease liabilities  $292,086   $- 
Right-of-use assets obtained in exchange for lease obligations   -    - 
SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS

The future lease payments required under the Company’s leases as of June 30, 2026 for the years ending December 31 are as follows:

 

Future minimum lease payments     
Remainder of 2026  $296,088 
2027   579,102 
2028   570,516 
2029   587,634 
2030   300,378 
Total future lease payments   2,333,718 
Less: Amount representing interest   (404,616)
Present value of lease liabilities   1,929,102 
Less: current portion   (424,215)
Long-term portion  $1,504,887