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OPERATING LEASE LIABILITIES AND RIGHT OF USE ASSETS | 12 Months Ended
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Dec. 31, 2025
Operating Lease Liabilities And Right Of Use Assets |
OPERATING LEASE LIABILITIES AND RIGHT OF USE ASSETS | 10. OPERATING LEASE LIABILITIES AND RIGHT OF USE ASSETS Operating Leases During the years ended December 31, 2025 and 2024, the Company entered into multiple operating leases for new offices and facility spaces in China. The Company measured and recorded right of use assets and corresponding operating lease liabilities at the lease commencement dates. The discount rate utilized in such present value calculation was ranged from 3.6% to 4.75% based on an estimate of the Company’s incremental borrowing rate. The Company has made operating lease payments in the amount of $169,190 and $229,455 during the years ended December 31, 2025 and 2024. Rent expense charged to operations, which differs from rent paid due to rent credits and to increasing amounts of base rent, is calculated by allocating total rental payments on a straight-line basis over the term of the lease. For the years ended December 31, 2025, 2024 and 2023, the Company incurred operating lease expense amounted to $497,983, $422,019 and $206,806, respectively. Operating lease liabilities consist of: SCHEDULE OF OPERATING LEASE LIABILITIES
|  | 2025 |  |  | 2024 |
|  | As of |
|  | December 31, |  |  | December 31, |
|  | 2025 |  |  | 2024 |
Current portion |  | $ | 1,233,892 |  |  | $ | 768,544 |
Long term portion |  |  | 410,572 |  |  |  | 554,366 |
Total operating lease liabilities |  | $ | 1,644,464 |  |  | $ | 1,322,910 |
The following summarizes total future minimum operating lease payments as of December 31, 2025: SCHEDULE OF FUTURE OPERATING LEASE PAYMENTS
Year ending December 31, |  |  |
2026 |  | $ | 1,267,894 |
2027 |  |  | 325,570 |
2028 |  |  | 101,407 |
Total minimum lease payments |  |  | 1,694,871 |
Less: present value discount |  |  | (50,407 | )
Present value of minimum lease payments |  | $ | 1,644,464 |
As of December 31, 2025, 2024 and 2023, the weighted average discount rate for these leases is 4.67%, 4.75% and 4.75%, and the weighted average remaining term is 28 months, 31 months and 41 months, respectively.

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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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