LEASES

6 Months Ended

Jun. 30, 2024

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 1.50 years at June 30, 2024. The weighted-average discount rate was 3.96% at June 30, 2024.

The Company’s operating lease expires in 2025. The following shows future lease payments for the remaining periods under operating lease at June 30, 2024:

Periods ending December 31,	Operating Lease Commitments
2024	$	5,100
2025		7,650
Total operating lease commitments		12,750
Less: imputed interest		(1,879	)
Total right-of-use liability	$	10,871

The Company’s discounted current right-of-use lease liability and discounted non-current right-of-use lease liability on June 30, 2024 is $8,654 and $2,217, respectively.

Operating leases expense for the six months ended June 30, 2024 is $5,100.