XML 26 R16.htm IDEA: XBRL DOCUMENT v3.25.2
Lease
6 Months Ended
Jun. 30, 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
June 30,
2025
   Three months Ended
June 30,
2024
 
Operating lease costs  $11,336   $11,338 
   Six months Ended
June 30,
2025
   Six months Ended
June 30,
2024
 
Operating lease costs  $22,673   $22,673 

 

   June 30,
2025
   December 31,
2024
 
Operating lease right-of-use assets  $7,489   $29,410 
Operating lease liabilities – current  $7,631   $29,980 
Operating lease liabilities – non-current   
    
 
Total operating lease liabilities  $7,631   $29,980 

 

   June 30,
2025
 
Remaining lease term (years)   0.16 
Discount rate   7.50%

 

The following table is a schedule, by years, of the minimum lease payments as of June 30, 2025:

 

Year Ended December 31,  Operating
Lease
Liabilities
 
Remaining 2025 ( 7/1/2025 – 12/31/2025)  $7,700 
Total lease payments   7,700 
Less: imputed interest   (69)
Present value of lease liabilities  $7,631