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Lease
3 Months Ended
Mar. 31, 2025
Lease [Abstract]  
LEASE

NOTE 9 — LEASE

 

On July 31, 2023, the Company entered into a lease agreement for an office in Irvine, California with a lease term of 24 months, commencing on September 1, 2023 and expiring on August 31, 2025. The initial monthly rental payment is $3,708 from September 1, 2023 to August 31, 2024, with an annual 3.85% increase to the amount of $3,850 starting on September 1, 2024.

 

The following tables present the Company’s operating lease costs, lease components, remaining lease term and discount rate:

 

   Three Months Ended
March 31,
2025
   Three Months Ended
March 31,
2024
 
Operating lease costs  $11,337   $11,335 
           
   March 31,
2025
   December 31,
2024
 
Operating lease right-of-use assets  $18,550   $29,410 
Operating lease liabilities – current  $18,907   $29,980 
Operating lease liabilities – non-current   
    
 
Total operating lease liabilities  $18,907   $29,980 

 

   March 31,
2025
 
Remaining lease term (years)   0.42 
Discount rate   7.50%

The following table is a schedule, by years, of the minimum lease payments as of March 31, 2025:

 

Year Ended December 31,  Operating
Lease
Liabilities
 
Remaining 2025 (4/1/2025 – 12/31/2025)  $19,251 
Total lease payments   19,251 
Less: imputed interest   (344)
Present value of lease liabilities  $18,907