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

3 Months Ended

Mar. 31, 2026

Right-of-use Assets And Operating And Finance Lease Liabilities

Schedule of right-of-use assets

Right-of-use assets at March 31, 2026 and December 31, 2025 are summarized below:

	March 31, 2026			December 31, 2025
Office lease	$	53,382		$	53,382
Less accumulated amortization		(10,541	)		(6,510	)
Right of use assets, net	$	42,841		$	46,872

Schedule of operating lease liabilities

Operating Lease liabilities are summarized below:

	March 31, 2026			December 31, 2025
Office lease	$	43,375		$	47,206
Less: current portion		(16,848	)		(16,238	)
Long term portion	$	26,527		$	30,968

Schedule of Maturity of lease liabilities

Maturity of operating lease liabilities are as follows:

Year Ended December 31, 2026	$	15,145
Year Ended December 31, 2027		20,884
Year Ended December 31, 2028		12,462
Total future minimum lease payments		48,491
Less imputed interest		(5,116	)
PV of payments	$	43,375

Schedule of Finance Right-Of-Use Assets

Finance right of use assets are summarized below:

	March 31, 2026			December 31, 2025
Vehicle lease	$	53,100		$	53,100
Vessel lease		-			70,849
Sonar lease		18,987			18,987
		72,087			142,936
Less accumulated amortization		(45,025	)		(83,277	)
Finance right of use asset	$	27,062		$	59,659

Schedule of Finance Lease Liabilities

Finance lease liabilities are summarized below:

	March 31, 2025			December 31, 2025
Vehicle lease	$	22,944		$	25,702
Vessel lease		-			34,291
Sonar lease		9,302			10,270
		32,246			70,263
Less: current portion		(16,068	)		(29,640	)
Long term portion	$	16,178		$	40,623

Schedule of Future minimum lease payments

Maturity of lease liabilities are as follows:

Year Ended December 31, 2026		14,305
Year Ended December 31, 2027		19,073
Year Ended December 31, 2028		2,856
Total future minimum lease payments		36,234
Less imputed interest		(3,988	)
PV of payments	$	32,246

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, 2026 and 2025 which are included in general and administrative expenses on the unaudited condensed consolidated statements of operations are set forth below.

	March 31, 2026		March 31, 2025
Finance lease amortization	$	3,561	$	7,045
Finance lease interest		1,042		2,868
Total finance lease expense	$	4,603	$	9,913

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, 2026 and December 31, 2025 are set forth below.

	March 31,			December 31,
	2026			2025
Weighted average remaining lease term		1.87 years			2.11 years
Weighted average discount rate		12	%		12	%