Streamex Corp. Leases Disclosure
NOTE 5 – RIGHT TO USE ASSETS AND LEASE LIABILITY
During the year December 31, 2024, and 2023, the Company had outstanding two leases with aggregate payments of $15,130 and $29,995 per month, respectively, expiring through July 31, 2025. The Company terminated one lease during the year ended December 31, 2024 with payments of $15,926 per month.
Right to use assets is summarized below:
December 31, 2024 (000’s) | December 31, 2023 (000’s) | |||||||
| Right to use asset | $ | 502 | $ | 995 | ||||
| Less accumulated amortization | (406 | ) | (583 | ) | ||||
| Right to use assets, net | $ | 96 | $ | 412 | ||||
During the years ended December 31, 2024, and 2023, the Company recorded $237,774 and $378,263 as lease expense to current period operations, respectively.
Lease liability is summarized below:
December 31, 2024 (000’s) | December 31, 2023 (000’s) | |||||||
| Total lease liability | $ | 102 | $ | 452 | ||||
| Less: short term portion | (102 | ) | (349 | ) | ||||
| Long term portion | $ | $ | 103 | |||||
Maturity analysis under these lease agreements are as follows (000’s):
| Year ended December 31, 2025 | 106 | |||
| Total | 106 | |||
| Less: Present value discount | (4 | ) | ||
| Lease liability | $ | 102 |
Lease expense for the year ended December 31, 2024, and 2023 was comprised of the following:
December 31, 2024 (000’s) | December 31, 2023 (000’s) | |||||||
| Operating lease expense | $ | 171 | $ | 337 | ||||
| Short-term lease expense | 66 | 33 | ||||||
| Variable lease expense | 8 | |||||||
| Total | $ | 237 | $ | 378 | ||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2024 | Apr 15, 2025 | Showing above |
| 2023 | Apr 16, 2024 | |
| 2022 | Mar 31, 2023 | |
| 2021 | Mar 31, 2022 | |
| 2020 | Mar 15, 2021 | |
| 2019 | Mar 13, 2020 | |
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.