v3.26.3
Leases
6 Months Ended
Jun. 30, 2026
Leases  
Leases

Note 6 – Leases

 

On April 10, 2024, Fengcuiyuan entered into an operating lease agreement to rent an office. The lease has an original term of 2 years expiring April 24, 2026. Effective January 25, 2025, the lease was modified to change lessee to Rongcheng and an unrelated third party with each occupying 50% of the premises and responsible for 50% of the lease payment. As a result of the lease modification, right-of-use asset and related liability were reduced by $46,840.

 

On December 18, 2025, Rongcheng entered into an operating lease agreement to rent a storefront. The lease has an original term of 3 years expiring December 17, 2028.

 

Balance sheet information related to the Company’s leases is presented below:

 

   June 30, 2026 
Operating Leases     
Operating lease right-of-use assets  $5,443 
      
Operating lease liabilities - current   2,168 
Operating lease liability – non-current   2,292 
Total operating lease liabilities  $4,460 

 

The following provides details of the Company’s lease expenses:

 

   2026   2025 
   Six Months Ended June 30, 
   2026   2025 
Operating lease expense  $11,590   $19,359 

 

Other information related to leases is presented below:

 

   Six Months Ended 
   June 30, 2026 
Cash Paid For Amounts Included In Measurement of Liabilities:     
Operating cash flows from operating leases  $12,561 
      
Weighted Average Remaining Lease Term:     
Operating leases   2.47 years 
      
Weighted Average Discount Rate:     
Operating leases   5.6%

 

Maturities of lease liabilities were as follows:

 

For the twelve months ending:     
June 30, 2027  $2,358 
June 30, 2028   2,358 
June 30, 2029   - 
June 30, 2030   - 
June 30, 2031   - 
Thereafter   - 
Total lease payments   4,716 
Less: imputed interest   (256)
Total lease liabilities  $4,460