Right-of-Use Assets and Lease Liabilities – Operating Leases |
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Jun. 30, 2026 |
Dec. 31, 2025 |
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| Right-of-Use Assets and Lease Liabilities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RIGHT-OF-USE ASSETS AND LEASE LIABILITIES – OPERATING LEASES | NOTE 9: RIGHT-OF-USE ASSETS AND LEASE LIABILITIES – OPERATING LEASES
The Company has for offices and office equipment. The Company uses weighted-average interest rate of 4.07% to determine the present value of the lease payments. The Company’s leases have a remaining weighted-average lease terms of 2.80 years
The Company’s lease expense was entirely comprised of operating leases. Lease expense for the three months ended June 30, 2026 and 2025 amounted to $77,160 and $2,700, respectively. Lease expense for the six months ended June 30, 2026 and 2025 amounted to $80,160 and $5,400, respectively.
The Company’s ROU asset amortization for the three months ended June 30, 2026 and 2025 was $68,711 and $2,544, respectively. The Company’s ROU asset amortization for the six months ended June 30, 2026 and 2025 was $71,459 and $5,013, respectively. The difference between the lease expense and the associated ROU asset amortization consists of interest.
Right of use assets – operating leases are summarized below:
Operating lease liabilities are summarized below:
Maturity analysis under these lease agreements are as follows:
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NOTE 4: RIGHT-OF-USE ASSETS AND LEASE LIABILITIES – OPERATING LEASES
The Company has for offices and has recognized a right-of-use asset and a lease liability. The Company uses a 12% rate to determine the present value of the lease payments. The Company’s leases have remaining lease terms of less than 1 year.
The Company’s lease expense was entirely comprised of operating leases. Lease expense for the years ended December 31, 2025 and 2024 amounted to $11,000 and $10,550, respectively.
The Company’s ROU asset amortization for the years ended December 31, 2025 and 2024 was $10,308 and $9,893, respectively. The difference between the lease expense and the associated ROU asset amortization consists of interest.
Right of use assets – operating leases are summarized below:
Operating lease liabilities are summarized below:
Maturity analysis under these lease agreements are as follows:
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