OPERATING LEASE

9 Months Ended

Sep. 30, 2026

Operating Lease

OPERATING LEASE

NOTE 8 – OPERATING LEASE

The Company has an office lease dated January 1, 2023, with a term of three years, with a one-time renewal option for an additional three years, for 1,625 square feet at 1141 W. Randolph Street, Floor 2, Chicago, IL 60607 with 1141 W. Randolph, LLC, a company owned and controlled by Rushi Shah, CEO. The lease requires a monthly rental payment of approximately $4,062. Base Rent shall increase by $1,462.50 per year beginning the first anniversary. The Company used a discount rate of 6%, based on the Company’s estimated incremental borrowing rate. The option to renew was exercised, extending the lease termination date to December 31, 2028.

	Balance Sheet Classification	September 30, 2026		December 31, 2025
Asset
Operating lease asset	Right of use asset	$	156,237	$	203,272
Total lease asset		$	156,237	$	203,272
Liability
Operating lease liability – current portion	Current operating lease liability	$	197,258	$	97,820
Operating lease liability – noncurrent portion	Long-term operating lease liability		108,646		208,083
Total lease liability		$	305,904	$	305,903

Lease obligation at September 30, 2026 consisted of the following:

For the year ended December 31:
2026	$	234,000
2027		83,850
2028		83,850
Total payments		401,700
Amount representing interest		(95,796	)
Lease obligation, net		305,904
Less current portion		(197,258	)
Lease obligation – long term	$	108,646

Operating lease expense for the nine months ended September 30, 2026 and 2025 was $40,954 and $56,397, respectively.

As of September 30, 2026, there is approximately 2.25 years remaining on the term of the lease.

In order to manage the Company’s cash flows the Company has paid only $72,750 since fiscal year 2024, including $24,000 in 2026, towards its office lease. The Company intends to resume making lease payments when there are funds available to do so. The lease liability continues to be amortized over the lease term despite the lack of payments. Any reduction in the lease liability is being allocated to a separate accrual account for the purpose of repaying Mr. Shah in the future.