XML 48 R34.htm IDEA: XBRL DOCUMENT v3.25.1
LEASES (Tables)
12 Months Ended
Dec. 31, 2024
LEASES  
Schedule of right of use assets and liabilities

 

 

December 31,

2024

 

 

December 31,

2023

 

Assets:

 

 

 

 

 

 

ROU Assets

 

$421,550

 

 

$421,550

 

Accumulated Amortization

 

 

(65,826 )

 

 

(34,412 )

ROU Assets, Net

 

 

355,724

 

 

 

387,137

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

Current:

 

 

 

 

 

 

 

 

Operating Lease Liabilities

 

$33,490

 

 

 

26,527

 

Non-Current

 

 

 

 

 

 

 

 

Operating Lease Liabilities

 

 

326,248

 

 

$359,738

 

 

 

 

 

 

For the Years Ended

December 31,

 

 

 

Expense Classification

 

2024

 

 

2023

 

Operating Lease Expenses:

 

 

 

 

 

 

 

 

Amortization of ROU Assets

 

General and Administrative

 

$

31,414

 

 

$

30,128

 

Accretion of Operating Lease Liabilities

 

General and Administrative

 

 

38,115

 

 

 

39,401

 

Total Operating Lease Expenses

 

 

 

$

69,529

 

 

$

69,529

 

 

Other information related to leases is as follows:

 

As of

 

 

As of

 

 

 

December 31,

 

 

December 31,

 

 

 

2024

 

 

2023

 

 

 

 

 

 

 

 

Weighted-Average Remaining Lease Term: Operating Leases (in Years)

 

 

3.02

 

 

 

3.13

 

 

 

 

 

 

 

 

 

 

Weighted-Average Discount Rate: Operating Leases

 

 

10.00%

 

 

10.00%
Schedule of remaining maturities of lease liabilities

2025

 

 

69,492

 

2026

 

 

69,492

 

2027

 

 

69,492

 

2028

 

 

45,492

 

2029

 

 

45,492

 

Thereafter

 

 

365,730

 

Total Lease Payments

 

 

665,190

 

Less Imputed Interest

 

 

(305,452 )

Present Value of Lease Liabilities

 

 

359,738