LEASES

9 Months Ended

Sep. 30, 2025

LEASES

LEASES

NOTE 8 – LEASES

The Company determines if an arrangement is a lease at inception. Operating leases are included in right-of-use assets (“ROU”), operating lease liabilities, current, and operating lease liabilities, non-current. Leases with an initial term of 12 months or less are not recorded on the balance sheet. The components of lease expense included on the Company’s statements of operations were as follows:

		For the Three Months Ended September 30,
	Expense Classification	2025		2024
Operating Lease Expenses:
Amortization of ROU Assets	General and Administrative	$	8,483	$	7,876
Accretion of Operating Lease Liabilities	General and Administrative		8,899		9,506
Total Operating Lease Expenses		$	17,382	$	17,382

		For the Nine Months Ended September 30,
	Expense Classification	2025		2024
Operating Lease Expenses:
Amortization of ROU Assets	General and Administrative	$	24,830	$	23,491
Accretion of Operating Lease Liabilities	General and Administrative		27,317		28,656
Total Operating Lease Expenses		$	52,147	$	52,147

Other information related to leases is as follows:	As of			As of
	September 30,			December 31,
	2025			2024
Weighted-Average Remaining Lease Term: Operating Leases (in Years)		3.01			3.04
Weighted-Average Discount Rate: Operating Leases		10.00	%		10.00	%

As of September 30, 2025, remaining maturities of lease liabilities were as follows:

Remainder of 2025	17,373
2026	69,492
2027	69,492
2028	45,492
2029	45,492
2030 and Thereafter	365,730
Total Lease Payments	613,071
Less Imputed Interest	(258,985	)
Present Value of Lease Liabilities	354,086