LEASES

12 Months Ended

Dec. 31, 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 1.75 years at December 31, 2023. The weighted-average discount rate was 3.96% at December 31, 2023.

The Company’s operating lease expires in 2025. The following shows future lease payments for the remaining periods under operating lease at December 31, 2023:

Periods ending December 31,	Operating Lease Commitments
2024	$	10,448
2025		7,836
Total operating lease commitments		18,284
Less: imputed interest		(2,725	)
Total right-of-use liability	$	15,559

The Company’s discounted current right-of-use lease liability and discounted non-current right-of-use lease liability at December 31, 2023 is $8,759 and $6,800, respectively.

Operating leases expense for the years ended December 31, 2023 and 2022 is $10,212 and $10,212, respectively.