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LEASE

9 Months Ended

Sep. 30, 2025

NOTE 13. LEASE

The balances for the operating leases where the Company is the lessee are presented within the balance sheets as follows:

	As of			As of
Operating leases	September 30, 2025			December 31, 2024

Right of use-assets	$	1,868,839		$	1,505,986

Lease liability-current		491,945			382,731
Lease liability-non-current		1,401,170			1,136,624
Total operating lease liabilities	$	1,893,115		$	1,519,355

Weighted average remaining lease term (in years)		4.29			4.25
Weighted average discount rate (%)		6.50	%		6.50	%

The components of lease expenses for the nine months ended September 30, 2025 and 2024 were as follows:


	For the nine months ended September 30,
	2025		2024
Operating lease cost	$	376,365	$	157,447
Cost of other leases with period less than one year and variable lease costs		219,885		156,067

Lease expenses	$	596,250	$	313,514

The components of lease expenses for the nine months ended September 30, 2025 and 2024 were operating lease cost of $376,365 and $157,447, respectively.

Supplemental cash flow information related to leases for the nine months ended September 30, 2025 and 2024 were as follows:


	For the nine months ended September 30,
Cash paid for amounts included in the measurement of lease liabilities:	2025		2024
Operating cash flows from operating leases	$	596,250	$	313,514
Supplemental noncash information:
Right-of-use assets obtained in exchange for lease obligation:	$	720,783	$	1,498,815

As of September 30, 2025, the maturities of operating lease liabilities (excluding short-term lease) are as follows:

For the nine months ending September 30, 2025	Operating Lease
2025	$	127,665
Year 1	$	127,665
2026		512,867
Year 2		512,867
Year 3		-
2027 and thereafter		1,305,024
Year 2 and thereafter		1,305,024
Year 3 and thereafter		-
Total lease payments		1,945,556
Less: Imputed interest		(52,441	)
Present value of lease liabilities	$	1,893,115
Less: current portion		(491,945	)
Lease obligations, noncurrent		1,401,170

As of December 31, 2024, the maturities of operating lease liabilities (excluding short-term lease) are as follows:

For the year ending December 31, 2024	Operating Lease
Year 1	$	-
2025	$	401,998
Year 2	$	401,998
2026		346,352
Year 3		346,352
2027 and thereafter		817,213
Year 2 and thereafter		-
Year 3 and thereafter		817,213
Total lease payments		1,565,563
Less: Imputed interest		(46,208	)
Present value of lease liabilities	$	1,519,355
Less: current portion		(382,731	)
Lease obligations, noncurrent		1,136,624