| LEASES |
NOTE 15 – LEASES The Company conducts its operations using facilities leased under operating lease agreements that expire at various dates. The following is a summary of operating lease assets and liabilities as of: | Operating leases | | June 30,
2026 | | | December 31,
2025 | | | Assets | | | | | | | | | | Right of use operating lease assets | | $ | 3,045,707 | | | $ | 2,754,020 | | | | | | | | | | | | | Liabilities | | | | | | | | | | Current portion of operating lease liabilities | | | 687,707 | | | | 579,169 | | | Non-Current portion of operating lease liabilities | | | 2,549,823 | | | | 2,337,697 | | | Total lease liabilities | | $ | 3,237,530 | | | $ | 2,916,866 | | | Operating leases | | June 30,
2026 | | | June 30,
2025 | | | Weighted average remaining lease terms (years) | | | | | | | | Ilabs Info Technology 3rd Floor | | | 3.69 | | | | 4.19 | | | Ilabs Info Technology 1st Floor | | | 4.08 | | | | 4.58 | | | Ilabs Info Technology Ground Floor | | | 5.92 | | | | 6.42 | | | Ilabs Info Technology Basement-3 | | | 3.69 | | | | 4.19 | | | Ilabs Info Technology 7th Floor | | | 5.08 | | | | - | | | Village Chhatarpur-1849-1852-Farm | | | 1.25 | | | | 1.75 | | | | | | | | | | | | | Weighted average discount rate | | | | | | | | | | Ilabs Info Technology 3rd Floor | | | 12.00 | % | | | 12.00 | % | | Ilabs Info Technology 1st Floor | | | 12.00 | % | | | 12.00 | % | | Ilabs Info Technology Ground Floor | | | 12.00 | % | | | 12.00 | % | | Ilabs Info Technology Basement-3 | | | 12.00 | % | | | 12.00 | % | | Ilabs Info Technology 7th Floor | | | 12.00 | % | | | - | | | Village Chhatarpur-1849-1852-Farm | | | 10.00 | % | | | 10.00 | % | Supplemental cash flow and other information related to leases are as follows: | | | Period ended | | | | | June 30,
2026 | | | June 30,
2026 | | | | | | | | | | | Cash payments for amounts included in the measurement of lease liabilities: | | | | | | | | | | Operating cash outflows for operating leases | | $ | 434,132 | | | $ | 407,188 | | Maturities of lease liabilities as of June 30, 2026 are as follows: | Fiscal year | | | Operating
Leases Amount | | | 2026, excluding the six months ended June 30, 2026 | | | $ | 509,133 | | | 2027 | | | | 982,213 | | | 2028 | | | | 835,646 | | | 2029 | | | | 871,649 | | | 2030 | | | | 547,366 | | | 2031 and thereafter | | | | 440,099 | | | Total lease payment | | | | 4,186,106 | | | Less: Imputed Interest | | | | 948,576 | | | Present value of lease liabilities | | | $ | 3,237,530 | |
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