v3.26.3
Leases
6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
LEASES
9. LEASES

 

A summary of lease cost recognized in the Group’s consolidated statements of operations and comprehensive loss is as follows:

 

    For the six months ended
June 30,
 
    2026     2025  
Operating leases cost   $ 269,991     $ 202,730  
Total   $ 269,991     $ 202,730  

 

Supplemental cash flows information related to leases was as follows:

 

    For the six months ended
June 30,
 
    2026     2025  
Cash paid for amounts included in measurement of liabilities:            
Operating cash flows from operating leases   $ 273,482     $ 185,800  

 

The Group’s lease agreements do not have a discount rate that is readily determinable. The incremental borrowing rate is determined at lease commencement or lease modification and represents the rate of interest the Group would have to pay to borrow on a collateralized basis over a similar term and an amount equal to the lease payments in a similar economic environment.

 

As of June 30, 2026 and December 31,2025, the weighted average remaining lease term was 1.45 years and 1.91 years and, respectively, and the weighted average discount rate was 5.5% and 5.3% for the Group’s operating leases, respectively.

 

The following table summarizes the maturity of lease liabilities under operating leases as of June 30, 2026:

 

    Lease
Payments
 
For the remaining period of 2026     272,474  
2027     394,643  
2028     70,000  
Total lease payments     737,117  
Less: imputed interest     34,532  
Total     702,585  
Less: current portion     517,542  
Non-current portion   $ 185,043