| ROU Assets and Operating Lease Liabilities |
6.
ROU Assets and Operating Lease Liabilities
As
of June 30, 2026 and December 31, 2025, the Group subsisted of the following non-cancellable lease contract.
Schedule
of Non-Cancellable Lease Contract
| Description
of lease |
|
Lease
term |
| Office at Suntec Tower,
Singapore |
|
3 years and 1 month from
June 1, 2026 to June 30, 2029 (including a one-month rent-free period) |
| Office at Shanghai, China |
|
2 years from March 3, 2025
to March 9, 2027 |
| a) |
Amounts recognized in the
unaudited condensed consolidated balance sheets: |
| | |
June 30, 2026 | | |
December 31,
2025 | |
| | |
As of | |
| | |
June 30, 2026 | | |
December 31,
2025 | |
| | |
(Unaudited) | | |
(Audited) | |
| Right-of-use assets | |
$ | 1,048,599 | | |
$ | 79,614 | |
| | |
| | | |
| | |
| Operating lease liabilities | |
| | | |
| | |
| Current | |
$ | 359,353 | | |
$ | 78,281 | |
| Non-current | |
| 689,740 | | |
| 6,321 | |
| Total Operating lease
liabilities | |
$ | 1,049,093 | | |
$ | 84,602 | |
| | |
| | | |
| | |
| Weighted average remaining lease terms (in years) | |
| 2.94 | | |
| 0.81 | |
| b) |
Information related to
operating lease activities during the six months ended June 30, 2026 and 2025 is as follows: |
| | |
2026 | | |
2025 | |
| | |
For the Six Months Ended June 30, | |
| | |
2026 | | |
2025 | |
| | |
(Unaudited) | | |
(Unaudited) | |
| ROU assets obtained in exchange for operating lease liabilities | |
$ | 1,023,997 | | |
$ | - | |
| | |
| | | |
| | |
| Amortization of ROU assets | |
| 55,012 | | |
| 48,272 | |
| Accretion of operating lease liabilities | |
| 1,009 | | |
| 2,841 | |
| Total operating lease expenses | |
$ | 56,021 | | |
$ | 51,113 | |
Uni-Fuels
Holdings Limited
Notes
to Unaudited Condensed Consolidated Financial Statements
For
the Six Months Ended June 30, 2026 and 2025
6.
ROU Assets and Operating Lease Liabilities (continued)
| c) |
The following table summarizes
the remaining contractual maturities of lease liabilities, categorized by the years in which such lease liabilities are required
to be settled, under operating leases as of June 30, 2026: |
Schedule
of Remaining Contractual Maturities
| Twelve months ended June 30, | |
| | |
| 2027 | |
$ | 377,778 | |
| 2028 | |
| 352,399 | |
| 2029 | |
| 352,399 | |
| Total future lease payments | |
$ | 1,082,576 | |
| Less: imputed interest | |
| 33,483 | |
| Present value of lease obligations | |
$ | 1,049,093 | |
The
weighted-average discount rate used to determine the operating lease liabilities as of June 30, 2026 and December 31, 2025 was 2.1% and
4.6%, respectively.
|