| LEASES |
NOTE 15 – LEASES
The Company conducts its operations using facilities
leased under operating lease agreements that expire at various dates.
The following is a summary of operating lease
assets and liabilities as of:
| Operating leases | |
March 31,
2026 | | |
December 31,
2025 | |
| Assets | |
| | |
| |
| Right of use operating lease assets | |
| 2,499,490 | | |
| 2,754,020 | |
| | |
| | | |
| | |
| Liabilities | |
| | | |
| | |
| Current portion of operating lease liabilities | |
| 576,237 | | |
| 579,169 | |
| Non current portion of operating lease liabilities | |
| 2,086,534 | | |
| 2,337,697 | |
| Total lease liabilities | |
| 2,662,771 | | |
| 2,916,866 | |
| Operating leases | | March 31,
2026 | | | December 31,
2025 | | | Weighted average remaining lease terms (years) | | | | | | | | Ilabs Info Technology 3rd Floor | | | 3.94 | | | | 4.19 | | | Ilabs Info Technology 1st Floor | | | 4.33 | | | | 4.58 | | | Ilabs Info Technology Ground Floor | | | 6.17 | | | | 6.42 | | | Ilabs Info Technology Basement-3 | | | 3.94 | | | | 4.19 | | | Village Chhatarpur-1849-1852-Farm | | | 1.50 | | | | 1.75 | | | | | | | | | | | | | Weighted average discount rate | | | | | | | | | | Ilabs Info Technology 3rd Floor | | | 12.00 | % | | | 12.00 | % | | Ilabs Info Technology 1st Floor | | | 12.00 | % | | | 12.00 | % | | Ilabs Info Technology Ground Floor | | | 12.00 | % | | | 12.00 | % | | Ilabs Info Technology Basement-3 | | | 12.00 | % | | | 12.00 | % | | Village Chhatarpur-1849-1852-Farm | | | 10.00 | % | | | 10.00 | % |
Supplemental cash flow and other information
related to leases are as follows:
| | |
Period ended | |
| | |
March 31,
2026 | | |
March 31,
2025 | |
| Cash payments for amounts included in the measurement of lease liabilities: | |
| | |
| |
| Operating cash outflows for operating leases | |
| 214,180 | | |
| 197,545 | |
Maturities of lease liabilities as of March 31, 2026 were as follows:
| Fiscal year | |
Operating Leases Amount | |
| March 31, 2026 | |
| 637,615 | |
| 2027 | |
| 809,642 | |
| 2028 | |
| 653,012 | |
| 2029 | |
| 679,841 | |
| 2030 | |
| 343,273 | |
| 2031 and thereafter | |
| 316,923 | |
| Total lease payment | |
| 3,440,306 | |
| Less: Imputed Interest | |
| 777,535 | |
| Present value of lease liabilities | |
| 2,662,771 | |
|