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

LEASE (Tables)

v3.26.1
LEASE (Tables)
12 Months Ended
Dec. 31, 2025
LEASE  
Schedule of lease liability

 

 

2025

 

 

2024

 

Total lease liability

 

$ 159,127

 

 

$ 199,184

 

Less: short term portion

 

 

43,382

 

 

 

40,057

 

Long term portion

 

$ 115,745

 

 

$ 159,127

 

Schedule of maturity of lease agreements

 

 

Total

 

2026

 

$ 54,544

 

2027

 

 

54,544

 

2028

 

 

54,544

 

2029 and beyond

 

 

18,181

 

Subtotal

 

 

181,813

 

Less: Present value discount

 

 

(22,686 )

Lease liability

 

$ 159,127

 

Schedule of lease cost

 

 

2025

 

 

2024

 

Operating lease expense

 

$ 54,544

 

 

$ 74,708

 

 

 

$ 54,544

 

 

$ 74,708

 

Schedule of Weighted-average remaining lease term

 

 

2025

 

 

2024

 

Weighted-average remaining lease term

 

 

3.3

 

 

 

4.3