Quarterly report [Sections 13 or 15(d)]

LEASE (Tables)

v3.25.3
LEASE (Tables)
9 Months Ended
Sep. 30, 2025
LEASE  
Schedule of lease liability

 

 

September 30,

2025

 

 

December 31,

2024

 

Total lease liability

 

$ 169,443

 

 

$ 199,184

 

Less: short term portion

 

 

(41,686 )

 

 

(40,057 )

Long term portion

 

$ 127,757

 

 

$ 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

 

 

(39,642 )

Lease liability

 

$ 169,443

 

Schedule of lease cost

 

 

 Three Months Ended

September 30, 2024

 

 

 

2025

 

 

2024

 

Operating lease expense

 

$ 13,636

 

 

$ 13,636

 

 

 

$ 13,636

 

 

$ 13,636

 

 

 

Nine Months Ended

September 30, 2024

 

 

 

2025

 

 

2024

 

Operating lease expense

 

$ 40,908

 

 

$ 61,072

 

 

 

$ 27,272

 

 

$ 61,072

 

Schedule of Weighted-average remaining lease term

 

 

September 30,

2025

 

 

December 31,

2024

 

Weighted-average remaining lease term (years)

 

 

3.6

 

 

 

4.3