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| 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:
The following provides details of the Company’s lease expenses:
Other information related to leases is presented below:
Maturities of lease liabilities were as follows:
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