The Company determines if a contract contains a lease at inception. US GAAP requires that the Company’s leases be evaluated and classified as operating or finance leases for financial reporting purposes. The classification evaluation begins at the commencement date and the lease term used in the evaluation includes the non-cancellable period for which the Company has the right to use the underlying asset, together with renewal option periods when the exercise of the renewal option is reasonably certain and failure to exercise such option which results in an economic penalty.

The Company has one office premise lease agreement with a lease term of six years  , with an option to renew for three years and the monthly lease payment amount to be mutually agreed by taking into account the prevailing market rate at the time of exercise of the option. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. Upon adoption of ASU 2016-02, no right-of-use (“ROU”) assets nor lease liability was recorded for the lease with a lease term with one year.

As of December 31, 2025, there’s no non-cancellable lease contracts.

Schedule of lease amount recognized in the consolidated balance sheet

Schedule of summary of lease cost

Lease Commitment

There’s no future minimum lease payments under non-cancellable operating lease agreements as of December 31, 2025.

The following summarizes other supplemental information about the Company’s lease as of December 31, 2025:

Schedule of summarizes other supplemental information