| Schedule of ROU Assets and Lease Liabilities |
The following tables shows ROU assets and lease liabilities, and the
associated financial statement line items:
| | | As of
December 31,
2025 | | | As of
December 31,
2024 | | | Assets | | | | | | | | Operating lease right-of-use assets, net | | $ | - | | | $ | 2,413 | | | | | | | | | | | | | Liabilities | | | | | | | | | | Operating lease liabilities, current | | $ | - | | | $ | 5,052 | | | Operating lease liabilities, non-current | | $ | - | | | $ | - | | | | | | | | | | | | | Weighted average remaining lease term (in years) | | | - | | | | 0.25 | | | Weighted average discount rate (%) | | | - | % | | | 3.85 | % | Information related
to operating lease activities for the years ended December 31, 2025 and 2024 are as follows:
| | |
For the
year ended
December 31,
2025 | | |
For the
year ended
December 31,
2024 | |
| | |
| | |
| |
| Operating lease right-of-use assets obtained in exchange for lease liabilities | |
$ | - | | |
$ | - | |
| | |
| | | |
| | |
| Operating lease expense | |
$ | - | | |
$ | 12,251 | |
| Short-term lease expense | |
| 68,428 | | |
| 59,343 | |
| Total | |
$ | 68,428 | | |
$ | 71,594 | |
|
| Schedule of Lease for Office Space and Warehouses Located |
During the years ended December 31, 2023, 2024 and 2025, the Company’s
leases for office space and warehouse located in Ningbo and Shenzhen are as follows:
| Location of property | | Approximate
gross floor
area | | Term of Lease | | | Facility Usage | | | | (sq. meters) | | | | | | | Unit A06, Area 1, 6th Floor, Building 828, Sun ‘gang, Baoan North Road, Luohu District, Shenzhen | | 57.00 | | One year (May 1, 2022 to April 30, 2023) | | | Office | | Room 329-1/329-2, Fintech Building, Ningbo Free Trade Zone East District, Ningbo, Zhejiang Province, PRC | | 513.91 | | One year (January 1, 2022 to January 1, 2023) | | | Office | | Room 329-1/329-2, Fintech Building, Ningbo Free Trade Zone East District, Ningbo, Zhejiang Province, PRC | | 513.91 | | One year (January 1, 2023 to December 31, 2023) | | | Office | | Room 329-3,329-4,329-5, Fintech Building, Ningbo Free Trade Zone East District, Ningbo, Zhejiang Province, PRC | | 227.88 | | One year (January 1, 2023 to December 31, 2023) | | | Office | | 301, Building C, Shenghexing Logistics Park, Intersection of Yongfu Road and Liyuan Road, Fuhai Street, Shenzhen | | 150.75 | | 31 months (September 1, 2022 to March 14, 2025) | | | Warehouse | | Ningbo Free Trade Zone Financial Technology Building 329-1,329-2, 329-3,329-4,329-5 | | 741.49 | | One year (January 1, 2024 to December 31, 2024) | | | Office | | Unit A06, Area 1, 6th Floor, Building 828, Sun ‘gang, Baoan North Road, Luohu District, Shenzhen | | 57.00 | | One year (May 1, 2023 to April 30, 2024) | | | Office | | Room 901, 902, 903, 904, 905(907), 906, 909, 910, 911, 912, Fintech Building, Ningbo Free Trade Zone East District, Ningbo, Zhejiang Province, PRC | | 1,111.00 | | Six months (September 1, 2024 to February 28, 2025) | | | Office | | Room 901, 902, 903, 904, 905(907), 906, 909, 910, 911, 912, Fintech Building, Ningbo Free Trade Zone East District, Ningbo, Zhejiang Province, PRC | | 1,111.00 | | Ten months (March 1, 2025 to December 31, 2025) | | | Office | | Room 901, 902, 903, 904, 905(907), 906, 909, 910, 911, 912, Fintech Building, Ningbo Free Trade Zone East District, Ningbo, Zhejiang Province, PRC | | 1,111.00 | | Two years (January 1, 2026 to December 31, 2027) | | | Office |
|