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OPERATING LEASES | 3 Months Ended
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Mar. 31, 2026
Operating Leases |
OPERATING LEASES | NOTE 9 – OPERATING LEASES The Company has a lease for an office in Dallas, Texas classified as operating leases under ASC 842. Effective November 1, 2025, the Company entered into a Lease Agreement (the “Lease”) with SVHQ, LLC (the “Landlord”) to lease and occupy approximately 2,467 square feet of office space located at 17130 Dallas Parkway, Dallas, Texas 75248, Suite 245 (the “Premises”). The Lease also includes the non-exclusive right, in common with Landlord, to use and occupy an adjacent shared space consisting of approximately 1,253 square feet (the “Shared Space”). The Lease has a term of sixty (60) months, commencing on November 1, 2025 and expiring on October 31, 2030, and has a monthly base rent of $4,852, including $3,803 for the Premises and $966 for the Shared Space (the “Base Rent”). In addition to the Base Rent, the Company is required to reimburse the landlord for its pro-rata share of all real estate taxes and assessments, insurance, and common area maintenance costs for the building at the rate of 14.81%, consisting of 11.81% for the Premises and 3.00% for the Shared Space (the “Additional Rent”). Upon the execution of the Lease, the Company has agreed to prepay the first full month’s Base Rent and Additional Rent, consisting of $6,141, along with a security deposit equal to $14,557. The Lease includes a right of first refusal to purchase the Premises, but not the Shared Space, on the same terms and conditions as those offered by Landlord to any bona fide third-party purchaser during the term. The Lease includes customary representations of the Company and the Landlord. The Company utilizes the incremental borrowing rate in determining the present value of lease payments unless the implicit rate is readily determinable. The Company used an estimated incremental borrowing rate of 8% to estimate the present value of the right-of-use liability. The Company has right-of-use assets of $294,061 and operating lease liabilities of $294,023 as of March 31, 2026. Operating lease expense for the three months ended March 31, 2026 was $6,141. The Company has recorded $0 in impairment charges related to right-of-use assets during the three months ended March 31, 2026. SCHEDULE OF MATURITY OF LEASE LIABILITIES
Maturity of Lease Liabilities at March 31, 2026 |  | Amount |
2026 |  | $ | 55,273 |
2027 |  |  | 73,697 |
2028 |  |  | 73,697 |
Later years |  |  | 141,253 |
Total lease payments |  |  | 343,920 |
Less: Imputed interest |  |  | (49,898 | )
Present value of lease liabilities |  | $ | 294,023 |

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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