LEASES

12 Months Ended

Dec. 31, 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 0.75 years at December 31, 2024. The weighted-average discount rate was 3.96% at December 31, 2024.

The Company’s operating lease expires in 2025. The following shows future lease payments for the remaining periods under operating lease at December 31, 2024:

Periods ending December 31,	Operating Lease Commitments
2024	$	0
2025		7,585
Total operating lease commitments		7,585
Less: imputed interest		(1,322	)
Total right-of-use liability	$	6,263

The Company’s discounted current right-of-use lease liability and discounted non-current right-of-use lease liability on December 31, 2024 is $6,263 and $0, respectively.

Operating leases expense for the years ended December 31, 2024 and 2023 is $10,114, respectively.