LEASES

9 Months Ended

12 Months Ended

Sep. 30, 2025

Dec. 31, 2024

Dec. 31, 2023

NOTE 3 – LEASES

On March 1, 2021, the Company entered into lease agreements to rent office and marina spaces for a three-year term at $29,250 per month for the first twelve months. The Company leases its offices at 2801 W Coast Hwy, Suite 200, Newport Beach CA 92663. The lease was terminated on February 29, 2024, the Company moved out from premises on April 15, 2024. The Company moved to a new office at 2751W Coast Hwy on a month-to-month basis.

On May 9,2025, the Company entered into a new lease agreement with a term of one year.

In accordance with ASC 842, the Company recognized operating lease ROU assets and lease liabilities as follows:

The components of lease expense were as follows:

	Nine Months Ended
	September 30,
	2025		2024
Lease cost:
Operating lease cost	$	-	$	181,332
Short-term lease cost		309,147		214,846
Sublease income		-		(1,500	)
Total lease cost	$	309,147	$	394,678

Supplemental cash flow information related to leases was as follows:

	Nine Months Ended
	September 30,
	2025			2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	-		$	3,377,978

Weighted-average remaining lease term - operating leases (year)		-			-
Weighted-average discount rate — operating leases		0.00	%		3.35	%

Supplemental balance sheet information related to leases was as follows:

As of September 30, 2025, and December 31, 2024, the operating lease right-of-use asset and operating lease liabilities were $0.

NOTE 3 – LEASES

On March 1, 2021, the Company entered into lease agreements to rent office and marina spaces for a three-year term at $29,250 per month for the first twelve months.

In accordance with ASC 842, the Company recognized operating lease ROU assets and lease liabilities as follows:

The components of lease expense were as follows:

	Year Ended
	December 31,
	2024			2023
Lease cost:
Operating lease cost	$	60,444		$	362,664
Short-term lease cost		431,474			72,319
Sublease income		(1,500	)		(129,300	)
Total lease cost	$	490,418		$	305,683

Supplemental cash flow information related to leases was as follows:

	Year Ended
	December 31,
	2024		2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	335,607	$	420,193

Weighted-average remaining lease term - operating leases (year)		-		0.16
Weighted-average discount rate — operating leases		-		3.35	%

Supplemental balance sheet information related to leases was as follows:

	December 31,		December 31,
	2024		2023
Operating lease right-of-use asset	$	-	$	60,357

Operating lease liabilities:
Current portion	$	-	$	62,323
Non-current portion		-		-
	$	-	$	62,323

NOTE 3 – LEASES

On March 1, 2021, the Company entered into lease agreements to rent office and marina spaces for a three-year term at $29,250 per month for the first twelve months.

In accordance with ASC 842, the Company recognized operating lease ROU assets and lease liabilities as follows:

The components of lease expense were as follows:

	Year Ended
	December 31
	2023		2022
Lease cost:
Operating lease cost	$	362,664	$	362,664
	$	362,664	$	362,664

Supplemental cash flow information related to leases was as follows:

	Year Ended
	December 31
	2023			2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	372,473		$	350,608

Weighted-average remaining lease term - operating leases (year)		0.16			1.16
Weighted-average discount rate — operating leases		3.35	%		3.35	%

Supplemental balance sheet information related to leases was as follows:

	December 31,		December 31,
	2023		2022
Operating lease right-of-use asset	$	60,357	$	415,285

Operating lease liabilities:
Current portion	$	62,323	$	364,738
Non-current portion		-		62,323
	$	62,323	$	427,061

Future minimum lease payments as of December 31, 2023:
Year ended December31,
2024	$	62,411
Thereafter		-
	$	62,411
Less imputed interest		(88	)
Operating lease liabilities	$	62,323