Leases

6 Months Ended

Jun. 30, 2025

7. LEASES

The Company’s non-cancellable operating leases consist of leases for office space. The Company is the lessee under the terms of the operating leases. For the six months ended June 30, 2025, the operating lease cost was $0.09 million.

The Company’s operating leases have remaining lease terms of approximately 19 months. As of June 30, 2025, the weighted average remaining lease term and weighted average discount rate were 1.60 years and 4.88%, respectively.

Maturities of lease liabilities were as follows:

	Operating
As of June 30,	Lease
From July 1, 2025 to June 30, 2026	$	202,391
From July 1, 2026 to June 30, 2027		108,989
Total	$	311,380
Less: amounts representing interest	$	10,234
Present Value of future minimum lease payments		301,146
Less: Current obligations		193,562
Long term obligations	$	107,584

The Company leases office space and equipment under various short-term operating leases. As permitted by ASC 842, the Company has elected the practical expedient for short-term leases, whereby lease assets and lease liabilities are not recognized on the balance sheet. Short term leases cost was nil for the six months ended June 30, 2025.

Future FinTech Group Inc. 10-Q