| Schedule of operating and finance leases assets and liabilities |
Classification
related to operating and finance leases on the consolidated balance sheet consists of the following:
Schedule
of operating and finance leases assets and liabilities
| | |
2026 | | |
2025 | |
| | |
As of June 30, | |
| | |
2026 | | |
2025 | |
| Lease assets and liabilities | |
| | | |
| | |
| Operating lease assets, net | |
$ | 13,960 | | |
$ | 37,981 | |
| Finance lease assets, net | |
$ | 62,414 | | |
$ | 15,432 | |
| | |
| | | |
| | |
| Operating lease liabilities-current | |
$ | 14,854 | | |
$ | 24,437 | |
| Operating lease liabilities-non-current | |
| - | | |
| 14,301 | |
| Operating lease liabilities-total | |
$ | 14,854 | | |
$ | 38,738 | |
| | |
| | | |
| | |
| Finance lease liabilities-current | |
$ | 15,527 | | |
$ | 11,979 | |
| Finance lease liabilities-non-current | |
| 55,448 | | |
| 53,658 | |
| Finance lease liabilities-total | |
$ | 70,975 | | |
$ | 65,637 | |
|
| Schedule of lease cost, weighted average remaining lease terms and discount rates of operating and finance leases |
Components
of lease cost, weighted average remaining lease terms and discount rates of operating and finance leases consist of the following:
Schedule
of lease cost, weighted average remaining lease terms and discount rates of operating and finance leases
| | |
June 30, 2026 | | |
June 30, 2025 | | |
December 31, 2024 | | |
December 31, 2023 | |
| | |
For the Year Ended | | |
For the Six Months Ended | | |
For the Years Ended | |
| | |
June 30, 2026 | | |
June 30, 2025 | | |
December 31,
2024 | | |
December 31,
2023 | |
| Lease expenses | |
| | | |
| | | |
| | | |
| | |
| Operating lease expenses - SG&A portion | |
$ | 27,835 | | |
$ | 13,225 | | |
$ | 21,874 | | |
$ | 23,089 | |
| Finance lease expenses | |
| | | |
| | | |
| | | |
| | |
| Depreciation expense of leased assets | |
| 26,896 | | |
| 26,351 | | |
| 50,426 | | |
| 17,625 | |
| Interest expense of finance lease | |
$ | 3,172 | | |
$ | 1,564 | | |
$ | 3,420 | | |
$ | 2,306 | |
| | |
| | | |
| | | |
| | | |
| | |
| Other Information | |
| | | |
| | | |
| | | |
| | |
| Cash paid for amounts included in the measurement of lease liabilities | |
| | | |
| | | |
| | | |
| | |
| Operating cash flows - operating leases | |
$ | 27,727 | | |
$ | 12,683 | | |
$ | 22,959 | | |
$ | 23,039 | |
| Operating cash flows - finance leases | |
| 3,172 | | |
| 1,564 | | |
| 3,420 | | |
| 2,306 | |
| Financing cash flows - finance leases | |
$ | 13,355 | | |
$ | 5,561 | | |
$ | 10,216 | | |
$ | 41,328 | |
| | |
| | | |
| | | |
| | | |
| | |
| Operating lease right-of-use assets obtained in exchange for operating lease liabilities | |
$ | - | | |
$ | 31,350 | | |
$ | 15,359 | | |
$ | - | |
| Finance lease ROU assets obtained in exchange for finance lease liabilities | |
$ | 16,138 | | |
$ | - | | |
$ | - | | |
$ | 100,771 | |
| | |
| | | |
| | | |
| | | |
| | |
| Weighted average remaining lease term (in years) | |
| | | |
| | | |
| | | |
| | |
| Operating leases | |
| 0.51 | | |
| 1.51 | | |
| 1.01 | | |
| 1.00 | |
| Finance leases | |
| 4.44 | | |
| 4.91 | | |
| 5.41 | | |
| 3.25 | |
| | |
| | | |
| | | |
| | | |
| | |
| Average discount rate | |
| | | |
| | | |
| | | |
| | |
| Operating leases | |
| 8.72 | % | |
| 8.72 | % | |
| 7.74 | % | |
| 5.77 | % |
| Finance leases | |
| 4.59 | % | |
| 4.67 | % | |
| 4.67 | % | |
| 4.63 | % |
|
| Schedule of future minimum payments under operating and finance leases |
Future
minimum payments under operating and finance leases consist of the following:
Schedule
of future
minimum payments under operating and finance leases
| | |
Operating Leases | | |
Finance Leases | |
| Future minimum lease payments | |
| | | |
| | |
| Year ended June 30, 2027 | |
$ | 15,264 | | |
$ | 18,414 | |
| Year ended June 30, 2028 | |
| - | | |
| 18,414 | |
| Year ended June 30, 2029 | |
| - | | |
| 18,414 | |
| Year ended June 30, 2030 | |
| - | | |
| 17,986 | |
| Year ended June 30, 2031 | |
| - | | |
| 3,085 | |
| Thereafter | |
| - | | |
| 1,788 | |
| Total | |
$ | 15,264 | | |
$ | 78,101 | |
| Less: Interest | |
| (410 | ) | |
| (7,126 | ) |
| Present value of lease liabilities | |
$ | 14,854 | | |
$ | 70,975 | |
|