v3.26.1
Lease
12 Months Ended
Dec. 31, 2025
Lease [Abstract]  
Lease

Note 13 — Lease

 

The Group has several operating leases for offices. The Group’s lease agreements do not contain any material residual value guarantees or material restrictive covenants.

 

Total lease expense for the years ended December 31, 2025, 2024 and 2023 amounted to $400,000, $460,284 and $344,775, respectively. Cash paid for amounts included in the measurement of lease liabilities amounted to $308,383 and $321,317 for the years ended December 31, 2025 and 2024, respectively.

 

Supplemental balance sheet information related to operating leases was as follows:

 

   December 31,
2025
   December 31,
2024
 
         
Right-of-use assets, net  $539,705   $338,017 
           
Operating lease liabilities - current   319,296    215,253 
Operating lease liabilities - non-current   237,174    146,932 
Operating lease liabilities  $556,470   $362,185 

 

The weighted average remaining lease terms and discount rates for all of operating leases were as follows as of December 31, 2025:

 

Remaining lease term and discount rate:    
Weighted average remaining lease term (years)   1.9 years 
Weighted average discount rate   4.2%

 

The following is a schedule of maturities of lease liabilities as of December 31, 2025:

 

Twelve months ending December 31,  Amount 
2026  $334,004 
2027   175,700 
2028   67,294 
Total future minimum lease payments   576,998 
Less: imputed interest   (20,528)
Present value of lease liabilities  $556,470