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Lease
6 Months Ended
Jun. 30, 2025
Lease [Abstract]  
Lease

Note 8 — Lease

 

The Group has several operating leases for offices. The Group’s lease agreements do not contain any material residual value guarantees or material restrictive covenants.

 

Total lease expense for the six months ended June 30, 2025 and 2024 amounted to $174,733 and $258,823, respectively. Cash paid for amounts included in the measurement of lease liabilities amounted to $144,040 and $164,221 for the six months ended June 30, 2025 and 2024, respectively.

 

Supplemental balance sheet information related to operating leases was as follows:

 

   June 30,
2024
   December 31,
2024
 
Right-of-use assets, net  $658,187   $338,017 
           
Operating lease liabilities - current   296,124    215,253 
Operating lease liabilities - non-current   366,065    146,932 
Operating lease liabilities  $662,189   $362,185 

 

The weighted average remaining lease terms and discount rates for all of operating leases were as follows as of June 30, 2025:

 

Remaining lease term and discount rate:    
Weighted average remaining lease term (years)   2.4 years 
Weighted average discount rate   4.3%

 

The following is a schedule of maturities of lease liabilities as of June 30, 2025:

 

Twelve months ending June 30,  Amount 
2026  $316,754 
2027   230,895 
2028   146,424 
Total future minimum lease payments   694,073 
Less: imputed interest   (31,884)
Present value of lease liabilities  $662,189