LEASES

9 Months Ended

Sep. 30, 2023

Leases

LEASES

NOTE 4 – LEASES

The Company entered into an operating lease agreement on October 14, 2021 for an automobile, resulting in the recording of an initial liability and corresponding right-of-use asset of $35,906. The weighted-average remaining non-cancelable lease term for the Company’s operating lease was 2.00 years at September 30, 2023. The weighted-average discount rate was 3.96% at September 30, 2023.

The Company’s operating lease expires in 2025. The following shows future lease payments for the remaining periods under operating lease at September 30, 2023:

Periods ending December 31,		Operating Lease Commitments
	2023	$	2,549
	2024		10,197
	2025		7,648
	Total operating lease commitments		20,394
	Less: imputed interest		(3,124	)
	Total right-of-use liability	$	17,270

The Company’s discounted current right-of-use lease liability and discounted non-current right-of-use lease liability at September 30, 2023 is $8,465 and $8,805, respectively.