Lease

12 Months Ended

Dec. 31, 2023

Lease

Lease

Note 7 – Lease

In March 2022, the Company has entered into an operating lease for the office, with the term of 18 months. In July 2023, the Company amended the contract and extended the lease term to July 2025.

The following summarizes right-of-use asset and lease information about the Company’s operating lease as of December 31, 2023, and 2022:

	Years Ended
	December 31,
	2023		2022
The components of lease expense were as follows:
Operating lease cost	$	70,830	$	40,000
Supplemental cash flow information related to leases was as follows:
Cash paid for operating cash flows from operating leases	$	79,528	$	40,000
Right -of-use assets obtained upon acquisition	$	161,665	$	81,967

Supplemental balance sheet information related to leases was as follows:

	December 31,		December 31,
	2023		2022
Operating lease right-of-use asset	$	129,683	$	39,367

	December 31,			December 31,
	2023			2022
Operating lease liabilities:
Current portion	$	80,136		$	39,367
Non-current portion		50,047			-
	$	130,183		$	39,367
Weighted-average remaining lease term - operating leases (year)		1.58			0.67
Weighted-average discount rate — operating leases		6.5	%		5.5	%

The following table outlines maturities of our lease liabilities as of December 31, 2023:

2024	$	85,792
2025		50,862
Thereafter		-
		136,654
Less: Imputed interest		(6,471	)
Operating lease liabilities	$	130,183