OPERATING LEASE RIGHT OF USE ASSETS AND OPERATING LEASE LIABILITIES |
6 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2026 | ||||||||||||||||||||||||||||||||||||||||||||||
| OPERATING LEASE RIGHT OF USE ASSETS AND OPERATING LEASE LIABILITIES | ||||||||||||||||||||||||||||||||||||||||||||||
| OPERATING LEASE RIGHT OF USE ASSETS AND OPERATING LEASE LIABILITIES | NOTE 8 – OPERATING LEASE RIGHT OF USE ASSETS AND OPERATING LEASE LIABILITIES
On August 5, 2024, Yubo Beijing executed a lease agreement with Beijing Bohui Business Management Services Co. Ltd. for office space in Beijing, China for a term of two years from August 26, 2024 to August 25, 2026. The lease provides for a security deposit of RMB110,000 ($16,151) and monthly rent of RMB55,000 ($8,075).
The Company’s maturity analysis of operating lease liabilities as of June 30, 2026 is as follows:
Supplemental disclosure related to operating leases was as follows:
The operating lease liabilities totaled $15,655 at June 30, 2026 and represent the present value, discounted at an estimated incremental borrowing rate of 4.75%, of future lease payments totaling $15,686.
For the three months ended June 30, 2026 and 2025, occupancy expense attributable to leases was $28,609 and $49,723, respectively.
For the six months ended June 30, 2026 and 2025, occupancy expense attributable to leases was $56,800 and $99,446, respectively. |
|||||||||||||||||||||||||||||||||||||||||||||