ABUNDIA GLOBAL IMPACT GROUP, INC. Leases Disclosure
NOTE 13 - LEASES
Effective August 27, 2025, the Company entered into a triple net lease for approximately 1,413 square feet of office space in Houston, Texas. The lease commenced October 1, 2025, and expires on February 28, 2031.
The Company has elected the practical expedient under ASC 842 not to separate lease and non-lease components for its office facility lease. The Company’s facility lease is a triple-net lease under which the non-lease components, consisting of operating expense reimbursements, are variable in nature and are expensed as incurred. Only fixed lease payments are included in the measurement of the lease liability and right-of-use asset.
Under the terms of the lease, all of the non-lease components are variable in nature, not fixed. The triple net operating expense reimbursements (tenant’s proportionate share of real estate taxes, insurance, CAM, etc.) are estimated monthly at approximately $1,983, but that amount is subject to periodic adjustment and annual true-up to actual landlord costs. Because these amounts fluctuate based on actual costs rather than being fixed in the agreement or tied to a stated index at commencement, they are variable payments excluded from lease payments under ASC 842-10-30-6 and are expensed as incurred. The parking obligation is similarly variable as the lease states the rate is “such amounts as may be charged by Landlord from time to time.” As a result, the only amounts included in the lease liability and ROU asset measurement are the fixed base rent payments ($3,768 escalating to $4,160), reflecting an initial 5-month abatement period.
The Company’s operating ROU asset and lease liability in respect of this property was as follows:
|
As of December 31, 2025 | ||||
| Operating lease ROU asset | $ | 150,189 | ||
| Operating lease liability, current | $ | 14,197 | ||
| Operating lease liability, long-term | $ | 146,942 | ||
| Remaining lease term | 5.2 years | |||
| Discount rate | 15 | % | ||
Cash paid during the year for amounts included in the measurement of lease liabilities is as follows:
| For the Years Ended | |||||||
| December 31, 2025 | December 31, 2024 | ||||||
| Cash paid for operating lease | $ | $ | |||||
Future annual minimum under non-cancellable operating leases as of December 31, 2025, are as follows:
| Years ended December 31, | ||||
| 2026 | $ | 37,906 | ||
| 2027 | 46,351 | |||
| 2028 | 47,278 | |||
| 2029 | 48,223 | |||
| 2030 | 49,188 | |||
| Thereafter | 8,320 | |||
| Total minimum lease payments | 237,266 | |||
| Less imputed interest | (76,127 | ) | ||
| Present value of minimum lease payments | $ | 161,139 | ||
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Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 23, 2026 | Showing above |
| 2019 | Mar 30, 2020 | |
| 2018 | Apr 1, 2019 | |
About Leases Disclosures
Lease disclosures under ASC 842 provide a comprehensive view of a company's leased asset portfolio, including the split between operating and finance leases, discount rates used to present-value future payments, and the maturity schedule of lease obligations. This section reveals a significant source of off-balance-sheet commitments that were largely hidden before the current standard.
Key signals: the weighted-average discount rate affects the size of recorded lease liabilities — a higher rate reduces the reported obligation, so compare the chosen rate against the company's incremental borrowing rate. The operating versus finance lease mix affects both EBITDA and operating income presentation. Watch the maturity table for concentration risk: large payment cliffs in specific years may create cash flow pressure. Variable lease payments excluded from the liability measurement represent real obligations that do not appear on the balance sheet. Compare total lease costs against prior-year operating lease expense to assess the true economic burden.