RIGHT OF USE ASSETS – FINANCING LEASES |
6 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2026 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Disclosure Text Block [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RIGHT OF USE ASSETS – FINANCING LEASES | 8. RIGHT OF USE ASSETS – FINANCING LEASES
The Company has financing leases for vehicles and warehouse equipment. Right of use asset – financing leases are summarized below:
Depreciation expense related to right of use assets for the three months ended June 30, 2026 and 2025 was $1,518 and $29,883, respectively. Depreciation expense related to right of use assets for the six months ended June 30, 2026 and 2025 was $3,036 and $59,766, respectively.
The weighted-average interest rate for financing leases was 5.77% at December 31, 2025. The weighted-average remaining lease term of financing leases was 2.80 years at December 31, 2025.
There was no accrued interest on financing leases at December 31, 2025. |
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