RIGHT-OF-USE ASSETS AND OPERATING AND FINANCE LEASE LIABILITIES (Tables)

3 Months Ended

Mar. 31, 2025

Leases [Abstract]

Schedule of right-of- use assets

Right-of-use assets at March 31, 2025 and December 31, 2024 are summarized below:

	March 31, 2025			December 31, 2024
Office lease	$	37,502		$	37,502
Less accumulated amortization		(30,702	)		(25,762	)
Right of use assets, net	$	6,800		$	11,740

Schedule of operating lease liabilities

Operating Lease liabilities are summarized below:

	March 31, 2025			December 31, 2024
Office lease	$	6,935		$	11,976
Less: current portion		(6,935	)		(11,976	)
Long term portion	$	-		$	-

Schedule of Maturity of lease liabilities

Maturity of lease liabilities are as follows:

Year ended December 31, 2025	$	7,006
Total future minimum lease payments		7,006
Less: Present value discount		(71	)
Lease liability	$	6,935

Schedule of Finance Right-Of-Use Assets

Finance right of use assets are summarized below:

	March 31, 2025			December 31, 2024
Vehicle lease	$	53,100		$	53,100
Vessel lease		70,849			70,849
Sonar lease		18,987			18,987
		142,936			142,936
Less accumulated amortization		(62,141	)		(55,096	)
Finance right of use asset	$	80,795		$	87,840

Schedule of Finance Lease Liabilities

Finance lease liabilities are summarized below:

	March 31, 2025			December 31, 2024
Vehicle lease	$	33,497		$	35,944
Vessel lease		44,692			47,957
Sonar lease		13,008			13,868
		91,197			97,769
Less: current portion		(27,101	)		(26,304	)
Long term portion	$	64,096		$	71,465

Schedule of Future minimum lease payments

Maturity of lease liabilities are as follows:

Year Ended December 31, 2025	$	37,758
Year Ended December 31, 2026		37,758
Year Ended December 31, 2027		37,758
Thereafter		4,414
Total future minimum lease payments		117,688
Less imputed interest		(26,491	)
PV of payments	$	91,197

Schedule of Expenses with respect to Finance Leases

Expenses incurred with respect to the Company’s finance leases during the three months ended March 31, 2025 and 2024 which are included in general and administrative expenses on the unaudited condensed consolidated statements of operations are set forth below.

	March 31, 2025		March 31, 2024
Finance lease amortization	$	7,045	$	7,045
Finance lease interest		2,868		3,607
Total finance lease expense	$	9,913	$	10,652

Schedule of Weighted Average Remaining Lease Team and Average Discount on Finance Leases

The weighted average remaining lease term and the weighted average discount rate on the finance leases at March 31, 2025 and December 31, 2024 are set forth below.

	March 31,	December 31,
	2025	2024
Weighted average remaining lease term	2.87 years	3.11 years
Weighted average discount rate	12%	12%