v3.26.1
Operating Lease
6 Months Ended
Jun. 30, 2026
Operating Lease [Abstract]  
OPERATING LEASE
10. OPERATING LEASE

 

The current lease contracts for offices in Texas have initial terms of one year. The Company leases certain vehicles under non-cancelable operating lease agreements. These leases have initial terms of three years. The Company does not have any finance leases.

 

As of June 30, 2026, the Company’s operating lease right of use assets and corresponding liabilities are as follows:

 

Right of use asset   $ 78,552  
Lease liability - current     29,773  
Lease liability - non current     40,579  
Total operating lease liabilities     70,352  
Weighted average remaining lease term     2.40  
Weighted average discount rate     7.50 %

 

Maturities of the Company’s lease liabilities are as follows:        
2026   $ 14,791  
2027     31,294  
2028     24,266