Quarterly report [Sections 13 or 15(d)]

Finance Leases (Tables)

v3.25.2
Finance Leases (Tables)
 6 Months Ended
Jun. 30, 2025
Finance Leases  
Schedule of Finance leases are recorded in property and equipment
               
    June 30,   December 31,
    2025   2024
Cost   $ 76,972     $ 125,798  
Accumulated Depreciation     (26,375 )     (37,384 )
Net Book Value   $ 50,597     $ 88,414  
Schedule of finance lease in property and equipment
               
    June 30,   December 31,
    2025   2024
Land   $ —     $ 1,000,000  
Building     —       100,000  
Molds     —       2,000,000  
      —       3,100,000  
Accumulated depreciation     —       (438,138 )
Total   $ —     $ 2,661,862  
Schedule of supplemental balance sheet of finance lease
               
    June 30,   December 31,
    2025   2024
Finance lease liabilities:                
Current portion   $ 21,038     $ 221,929  
Non-current portion     30,952       2,423,165  
Total   $ 51,990     $ 2,645,094  
Schedule of future minimum lease payments of finance lease
         
Year Ending December 31,    
2025 (except for the six months ended June 30, 2025)     $ 11,867  
2026       21,519  
2027       21,075  
2028       4,657  
Thereafter       —  
Total lease payment       59,118  
Less imputed interest       (7,128 )
Total     $ 51,990  
Schedule of summarize other supplemental information of finance lease
       
    June 30,
    2025
Weighted average discount rate     5.43 %
Weighted average remaining lease term (years)     2.71