| SCHEDULE OF LEASE COST |
SCHEDULE OF LEASE COST
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| | |
Three Months Ended | | |
Six Months Ended | |
| | |
June 30, | | |
June 30, | |
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| | |
| | |
| | |
| | |
| |
| Operating lease expense | |
$ | 14,210 | | |
$ | 49,734 | | |
$ | 28,419 | | |
$ | 49,734 | |
Right-of-Use
Asset and Lease Liability
| | |
June 30, | | |
December 31, | |
| | |
2026 | | |
2025 | |
| | |
| | |
| |
| Operating lease right-of-use assets | |
$ | 75,298 | | |
$ | 101,221 | |
| Short-term operating lease liabilities | |
| (58,901 | ) | |
| (57,349 | ) |
| Long-term operating lease liabilities | |
| (22,909 | ) | |
| (52,753 | ) |
| Total operating lease liabilities | |
$ | (81,810 | ) | |
$ | (110,102 | ) |
Weighted-Average
Lease Term and Discount Rate
| | |
June 30, | | |
December 31, | |
| | |
2026 | | |
2025 | |
| | |
| | |
| |
| Weighted average lease term (years) | |
| 1.4 | | |
| 1.9 | |
| Weighted average discount rate | |
| 5.49 | % | |
| 5.49 | % |
Supplemental
Cash Flow Information
| | |
June 30, | | |
December 31, | |
| | |
2026 | | |
2025 | |
| | |
| | |
| |
| Supplemental noncash information: | |
| | | |
| | |
| Right-of-use asset obtained in exchange for lease obligations | |
$ | - | | |
$ | 168,418 | |
|
SCHEDULE
OF LEASE COST
Operating
Lease Expense
| | |
2025 | | |
2024 | |
| | |
Years
Ended | |
| | |
December
31, | |
| | |
2025 | | |
2024 | |
| | |
| | | |
| | |
| Operating lease expense | |
$ | 78,154 | | |
$ | - | |
Right-of-Use
Assets and Lease Liabilities
| | |
December 31, | | |
December 31, | |
| | |
2025 | | |
2024 | |
| | |
| | |
| |
| Operating
lease right-of-use assets | |
$ | 101,221 | | |
$ | - | |
| Short-term operating lease liabilities | |
| (57,349 | ) | |
| - | |
| Long-term operating lease
liabilities | |
| (52,753 | ) | |
| - | |
| Total
operating leased liabilities | |
$ | (110,102 | ) | |
$ | - | |
Weighted-Average
Lease Term and Discount Rate
| | |
December 31, | | |
December 31, | |
| | |
2025 | | |
2024 | |
| | |
| | |
| |
| Weighted average lease term | |
| 1.9 | | |
| - | |
| Weighted average discount rate | |
| 5.49 | % | |
| - | |
Supplemental
Cash Flow Information
| | |
2025 | | |
2024 | |
| | |
December 31, | | |
December 31, | |
| | |
2025 | | |
2024 | |
| | |
| | |
| |
| Amounts included in the
measurement of lease liabilities: | |
| | | |
| | |
| Non-cash lease
expense | |
$ | 78,154 | | |
$ | - | |
| Supplemental noncash information: | |
| | | |
| | |
| Right-of-use asset obtained in exchange for
lease obligations | |
$ | 168,418 | | |
$ | - | |
|
| SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS |
The
following table summarizes the Company’s future lease payments under the operating lease as of June 30, 2026:
SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS
| Future lease commitments | |
Commitments | |
| | |
| |
| 2026 (remaining of the year) | |
$ | 30,788 | |
| 2027 | |
| 53,878 | |
| Total Lease Payments | |
$ | 84,666 | |
| Less: imputed interest | |
| (2,856 | ) |
| Less: prepayments | |
| - | |
| Present value of lease liabilities | |
$ | 81,810 | |
| Current portion of obligations under operating leases | |
| 58,901 | |
| Obligations under operating leases, non-current | |
| 22,909 | |
|
The
following table summarizes the Company’s future lease payments under the operating lease as of December 31, 2025:
SCHEDULE
OF FUTURE MINIMUM LEASE PAYMENTS
| Future lease
commitments | |
Commitments | |
| | |
| |
| 2026 | |
$ | 61,575 | |
| 2027 | |
| 53,879 | |
| Total Lease Payments | |
$ | 115,454 | |
| Less: imputed interest | |
| (5,352 | ) |
| Less: prepayments | |
| - | |
| Present value of lease liabilities
| |
$ | 110,102 | |
| Current portion of obligations under operating
leases | |
| 57,349 | |
| Obligations under operating leases, non-current | |
| 52,753 | |
|