LEASE

12 Months Ended

Dec. 31, 2023

LEASE

Note 2. LEASE

As of December 31, 2023, the Company has operating lease agreement for its photocopier with remaining lease terms of

months, and office lease with remaining lease terms of

months, respectively.

The Company terminated the operating lease agreement for its car in November 30,

2023. The termination did not have gains nor losses.

The Company does not have any other leases. Leases with an initial term of 12 months or less are not recorded on the balance sheet. The Company accounts for the lease and non-lease components of its leases as a single lease component. Lease expense is recognized on a straight-line basis over the lease term.

Operating lease right-of-use assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. The discount rate used to calculate present value is incremental borrowing rate or, if available, the rate implicit in the lease. The Company determines the incremental borrowing rate for each lease based primarily on its lease term in Taiwan which is approximately 2.44%.

Operating lease expenses were $

56,519

and $64,972 for the years ended December 31, 2023 and 2022, respectively.

The components of lease expense and supplemental cash flow information related to leases for the year ended are as follows:

Lease Cost	Year ended December 31, 2023			Year ended December 31, 2022
Operating lease cost (i n the Company’s statement of operations)	$	3 4 , 3 4 9		$	38,947

Other Information
Right-of-use assets obtained in exchange for new operating leases liabilities		-			72,495
Cash paid for amounts included in the measurement of lease liabilities for the year ended		-			38,947
Weighted average remaining lease term – operating leases (in years)		1 . 88			3.00
Average discount rate – operating lease		2.44	%		2.44	%

The supplemental balance sheet information related to leases for the period is as follows:

	December 31, 2023		December 31, 2022
Operating leases
Right-of-use assets, net	$	4,192	$	115,884

Operating lease liabilities	$	4,192	$	115,884

The future minimum lease payment schedule as follows:

For the years ending December 31,
202 4	2,818
202 5	778
202 6	596

Total lease payments	4,192
Less: Interest	(211	)
Total	3,981

EOS INC. 10-K/A