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

Leases, Codification Topic 842

v3.25.1
Leases, Codification Topic 842
12 Months Ended
Dec. 31, 2024
LEASES  
Schedule of operating lease

Assets:

 

December 31,

2024

 

 

December 31,

2023

 

Operating lease right-of-use asset

 

$ -

 

 

$ 98,280

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

Current portion of long-term operating lease

 

$ -

 

 

$ 106,342

 

Long-term operating lease, net of current portion

 

 

-

 

 

 

-

 

 

 

$ -

 

 

$ 106,342

 

Schedule of Components of lease expense

 

 

For the Year ended

 

 

 

December 31,

2024

 

 

December 31,

2023

 

Operating lease expense

 

$ 104,346

 

 

$ 108,942

 

Summary of other information related to leases

 

 

For the Year ended

 

 

 

December 31,

2024

 

 

December 31,

2023

 

Weighted-average remaining lease term:

 

 

 

 

 

Operating leases

 

0.00 Years

 

 

0.94 Years

 

 

 

 

 

 

 

 

Discount rate:

 

 

 

 

 

 

Operating leases

 

 

11.00 %

 

 

11.00 %
Schedule of Supplemental cash flow information

 

 

For the Year ended

 

 

 

December 31,

2024

 

 

December 31,

2023

 

Cash paid for amounts included in the measurement of lease liabilities:

 

$ 112,407

 

 

$ 116,209

 

 Non-cash investment in ROU asset

 

 

 -

 

 

 

-