v3.26.3
Finance Leases as Lessee
6 Months Ended
Jun. 30, 2026
Finance Leases as Lessee [Abstract]  
Finance leases as lessee

Note 16. Finance leases as lessee

 

In May 2025, the Company entered into a machinery equipment lease agreement. The total lease term is 2 years and has been classified as a finance lease because the Company is reasonably certain to exercise the purchase option and ownership of the underlying assets will transfer to the Company.

 

The weighted average discount rate of the Company’s finance leases was 3.00% per annum as of June 30, 2026.

 

Amounts recognized in the consolidated balance sheet:

 

    As of
June 30,
2026
    As of
December 31,
2025
 
Finance lease assets   $ 49,301     $ 76,535  
                 
Lease liabilities, current     45,342       57,326  
Lease liabilities, non-current     —       15,368  
Total lease liabilities   $ 45,342     $ 72,694  

 

A summary of lease cost is as follows:

 

    For the six months ended
June 30,
 
    2026     2025  
Amortization of finance lease assets   $ 30,754     $ 868  
Interest of lease liabilities     929       541  

 

The following table presents maturity of lease liabilities as of June 30, 2026:

 

    Minimum
lease
payment
 
Six months ended December 31, 2026   $ 29,998  
Fiscal year 2027     15,938  
Less: imputed interest     (594 )
Present value of finance lease liabilities   $ 45,342  

 

The following summarizes other supplemental information about the Company’s lease as of June 30, 2026 and December 31, 2025:

 

    As of
June 30,
2026
    As of
December 31,
2025
 
Weighted average discount rate     3.00 %     3.00 %
Weighted average remaining lease term     0.82 years       1.32 years