OPERATING LEASE (Tables)

12 Months Ended

Dec. 31, 2024

The details lease terms are shown as followings:

SCHEDULE OF DETAILS OF LEASE TERM

Lease agreement	Expiry Date	Original Lease Term	The Remaining Lease Term
1^stChangsha office rent, related party	Dec 31, 2024	2 years	0 year
2^ndBeijing office rent, related party	Dec 31, 2024	1 year	0 year
3^rdChangsha office rent, related party	Aug 1, 2024	1 year	1.2 year

For the years ended December 31, 2024 and 2023, the Company has incurred rent expenses solely for the office premises on a monthly basis as follows:


	As of December 31,
	2024			2023
Lease Cost (included in general and administration in the Company’s audited statement of operations)
Operating lease cost	$	26,692		$	179,179
Operating lease cost	$	26,692		$	179,179

Other Information
Weighted average remaining lease term		-			1.00
Average discount rate – operating leases		4.35	%		4.35	%

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


Operating leases right of use assets, net
Operating right-of-use assets	$	-	$	21,603
Total operating right-of-use assets	$	-	$	21,603

Lease liabilities
Operating lease liabilities, current	$	-	$	21,603
Total operating lease liabilities	$	-	$	21,603

Ezagoo Ltd 10-K