9.
LEASE
Operating
Lease
In
January 2025, the Company signed an office lease agreement with a third party for a period of three years, from April 14, 2025 to May
14, 2028.
Supplemental
balance sheet information related to operating lease was as follows:
SCHEDULE OF OPERATING LEASE
| | |
As
of
June 30, 2026 | | |
As
of
December 31, 2025 | |
| | |
| | |
| |
| Right-of-use
assets | |
$ | 59,074 | | |
$ | 71,751 | |
| Lease liabilities current | |
| 33,702 | | |
| 32,074 | |
| Lease liabilities non-current | |
| 20,193 | | |
| 41,644 | |
| Lease liabilities | |
$ | 53,895 | | |
$ | 73,718 | |
The
components of lease expense for the six months ended June 30, 2026 and 2025 were as follows:
SCHEDULE
OF COMPONENTS OF LEASE EXPENSE
| | |
2026 | | |
2025 | |
| | |
For
the six months ended June 30, | |
| | |
2026 | | |
2025 | |
| Operating
lease expense | |
$ | 16,206 | | |
$ | 26,719 | |
| Total
lease expense | |
$ | 16,206 | | |
$ | 26,719 | |
Cash
paid for operating lease liabilities was $23,420 and nil for the six months ended June 30, 2026 and 2025, respectively.
The
following is a schedule, by years, of maturities of lease liabilities as of June 30, 2026:
SCHEDULE
OF MATURITIES OF LEASE LIABILITIES
| | |
Operating
leases | |
| 2026 (remaining of year) | |
| 17,565 | |
| 2027 | |
| 35,130 | |
| 2028 | |
| 2,928 | |
| Total future lease payments | |
| 55,623 | |
| Less: imputed interest | |
| (1,728 | ) |
| Present value of lease
liabilities | |
$ | 53,895 | |
Lease
term and discount rate:
SCHEDULE
OF LEASE TERM AND DISCOUNT RATE
| | |
As
of
June
30, 2026 | | |
As
of
December 31, 2025 | |
| | |
| | |
| |
| Weighted-average remaining
lease term (years) | |
| | | |
| | |
| Operating leases | |
| 1.92 | | |
| 2.42 | |
| | |
| | | |
| | |
| Weighted-average discount
rate | |
| | | |
| | |
| Operating leases | |
| 3.50 | % | |
| 3.50 | % |
|