v3.26.1
LEASES
6 Months Ended
Jun. 30, 2026
Leases  
LEASES

11. LEASES

 

As of June 30, 2026, the Company had operating leases for its New York offices. The remaining lease term is 2.57 years. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. As of June 30, 2026, the weighted average remaining lease term was 2.57 years and the weighted average discount rate was 5%.

 

The following table presents the operating lease related assets and liabilities recorded on the Company’s consolidated balance sheet.

 

  

June 30,

2026

  

December

31, 2025

 
   US$   US$ 
Right-of-use assets   829,066    989,530 
Impairment of right-of-use assets        
Right-of-use assets, net   829,066    989,530 
           
Operating lease liabilities – current   346,192    270,497 
Operating lease liabilities – non-current   603,367    780,603 
Total operating lease liabilities   949,559    1,051,100 

 

The following table presents the components of the Company’s office lease expense for the three and six months ended June 30, 2026 and 2025, which are included in general and administrative expenses on the consolidated statements of operations:

 

   2026   2025   2026   2025 
  

For the three months ended

June 30,

  

For the six months ended

June 30,

 
   2026   2025   2026   2025 
Operating lease cost   92,794    81,417    186,219    164,002 
Variable lease cost                
Operating lease expense   92,794    81,417    186,219    164,002 
Short-term lease rent expense   30,024        66,546    4,357 
Total lease expense  $122,818   $81,417   $252,765   $168,359 

 

The following table summarizes the maturity of operating lease liabilities as of June 30, 2026:

 

    US$  
2026     190,944  
2027     390,640  
2028     400,406  
2029     33,435  
Total     1,015,425  
Less: imputed interest     (65,866 )
Present value of lease liabilities     949,559  

 

 

CHAINCE DIGITAL HOLDINGS INC.

(FORMERLY KNOWN AS MERCURITY FINTECH HOLDING INC.)

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

(In U.S. dollars, except for number of shares and per share data)