Annual report [Section 13 and 15(d), not S-K Item 405]

LEASES (Tables)

v3.25.1
LEASES (Tables)
12 Months Ended
Dec. 31, 2024
LEASES  
Schedule of lease liability

 

 

December 31,

2024

 

 

December 31,

2023

 

Total lease liability

 

$ 199,184

 

 

$ 133,677

 

Less: short term portion

 

 

40,057

 

 

 

122,732

 

Long term portion

 

$ 159,127

 

 

$ 10,945

 

Schedule of maturity analysis under lease agreements

 

 

Total

 

2025

 

$ 54,544

 

2026

 

 

54,544

 

2027

 

 

54,544

 

2028

 

 

54,544

 

2029 and beyond

 

 

18,181

 

Subtotal

 

 

236,357

 

Less: Present value discount

 

 

(37,173 )

Lease liability

 

$ 199,184

 

Schedule of lease expense

 

 

2024

 

 

2023

 

Operating lease expense

 

$ 74,708

 

 

$ 138,932

 

 

 

$ 74,708

 

 

$ 138,932

 

Schedule of Weighted-average remaining lease term

 

 

2024

 

 

2023

 

Weighted-average remaining lease term

 

 

4.3

 

 

 

1.0