Quarterly report [Sections 13 or 15(d)]

LEASE (Tables)

v3.26.1
LEASE (Tables)
3 Months Ended
Mar. 31, 2026
LEASE  
Schedule of lease liability

 

 

March 31,

 

 

December 31,

 

 

 

2026

 

 

2025

 

Total lease liability

 

$ 104,349

 

 

$ 159,127

 

Less: short term portion

 

 

44,255

 

 

 

43,382

 

Long term portion

 

$ 148,604

 

 

$ 115,745

 

Schedule of maturity of lease agreements

 

 

Total

 

2026

 

$ 40,908

 

2027

 

 

54,544

 

2028

 

 

54,544

 

2029

 

 

18,181

 

Subtotal

 

 

168,177

 

Less: Present value discount

 

 

(19,573 )

Lease liability

 

$ 148,604

 

Schedule of lease cost

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2026

 

 

2025

 

Operating lease expense

 

$ 13,636

 

 

$ 13,636

 

 

 

$ 13,636

 

 

$ 13,636

 

Schedule of Weighted-average remaining lease term

 

 

March 31,

 

 

December 31,

 

 

 

2026

 

 

2025

 

Weighted-average remaining lease term

 

 

3.0

 

 

 

3.3