Quarterly report [Sections 13 or 15(d)]

LEASES (Tables)

v3.25.2
LEASES (Tables)
6 Months Ended
Jun. 30, 2025
LEASE  
Schedule of lease liability

 

 

June 30,

 

 

December 31,

 

 

 

2025

 

 

2024

 

Total lease liability

 

$ 179,555

 

 

$ 199,184

 

Less: short term portion

 

 

41,686

 

 

 

40,057

 

Long term portion

 

$ 137,869

 

 

$ 159,127

 

Schedule of maturity of lease agreements

 

 

Total

 

2025

 

$ 27,272

 

2026

 

 

54,544

 

2027

 

 

54,544

 

2028

 

 

54,544

 

2029

 

 

18,181

 

Subtotal

 

 

209,085

 

Less: Present value discount

 

 

(29,530 )

Lease liability

 

$ 179,555

 

Schedule of lease cost

 

 

Three Months Ended

 

 

 

June 30,

 

 

 

2025

 

 

2024

 

Operating lease expense

 

$ 13,636

 

 

$ 18,339

 

 

 

$ 13,636

 

 

$ 18,339

 

 

 

Six Months Ended

 

 

 

June 30,

 

 

 

2025

 

 

2024

 

Operating lease expense

 

$ 27,272

 

 

$ 47,436

 

 

 

$ 27,272

 

 

$ 47,436

 

Schedule of Weighted-average remaining lease term

 

 

June 30,

 

 

December 31,

 

 

 

2025

 

 

2024

 

Weighted-average remaining lease term

 

 

3.8

 

 

 

4.3