Finance Leases (Tables)
|
3 Months Ended |
Mar. 31, 2025 |
|---|
| Finance Leases |
|
| Schedule of Finance lease |
| Schedule of Finance lease |
|
|
|
|
| |
|
March 31, |
|
December 31, |
| |
|
2025 |
|
2024 |
| Cost |
|
$ |
125,798 |
|
|
$ |
125,798 |
|
| Accumulated Depreciation |
|
|
(43,274 |
) |
|
|
(37,384 |
) |
| Net Book Value |
|
$ |
82,524 |
|
|
$ |
88,414 |
|
|
| Schedule of finance lease in property and equipment |
| Schedule of finance lease in property and equipment |
|
|
|
|
|
|
|
|
| |
|
March 31, |
|
December 31, |
| |
|
2025 |
|
2024 |
| Land |
|
$ |
1,000,000 |
|
|
$ |
1,000,000 |
|
| Building |
|
|
100,000 |
|
|
|
100,000 |
|
| Molds |
|
|
2,000,000 |
|
|
|
2,000,000 |
|
| |
|
|
3,100,000 |
|
|
|
3,100,000 |
|
| Accumulated depreciation |
|
|
(510,404 |
) |
|
|
(438,138 |
) |
| Total |
|
$ |
2,589,596 |
|
|
$ |
2,661,862 |
|
|
| Schedule of supplemental balance sheet of finance lease |
| Schedule of supplemental balance sheet of finance lease |
|
|
|
|
| |
|
March 31, |
|
December 31, |
| |
|
2025 |
|
2024 |
| Finance lease liabilities: |
|
|
|
|
|
|
|
|
| Current portion |
|
$ |
223,745 |
|
|
$ |
221,929 |
|
| Non-current portion |
|
|
2,366,543 |
|
|
|
2,423,165 |
|
| Total |
|
$ |
2,590,288 |
|
|
$ |
2,645,094 |
|
|
| Schedule of future minimum lease payments of finance lease |
| Schedule of future minimum lease payments of finance lease |
|
|
| Year Ending December 31, |
|
|
| 2025 (except for the three months ended March 31, 2025) |
|
|
$ |
223,687 |
|
| 2026 |
|
|
|
296,033 |
|
| 2027 |
|
|
|
292,931 |
|
| 2028 |
|
|
|
1,988,409 |
|
| Thereafter |
|
|
|
— |
|
| Total lease payment |
|
|
|
2,801,060 |
|
| Less imputed interest |
|
|
|
(210,772 |
) |
| Total |
|
|
$ |
2,590,288 |
|
|
| Schedule of summarize other supplemental information of finance lease |
| Schedule of summarize other supplemental information of finance lease |
|
|
| |
|
March 31, |
| |
|
2025 |
| Weighted average discount rate |
|
|
3.01 |
% |
| Weighted average remaining lease term (years) |
|
|
3.32 |
|
|