Leases

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Leases

Note 11 - Leases

Operating Lease

The Company has three operating leases for its office space and manufacturing equipment and facility.

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 which is approximately 4.35% to 5.63%.

Operating lease expenses were $60,286 and $nil 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 period are as follows:

	Years Ended December 31,
	2023			2022
Lease cost
Operating lease cost	$	60,286		$	-
Other Information
Cash paid for amounts included in the measurement of lease liabilities	$	48,079		$	-
Weighted average remaining lease term – operating leases (in years)		2.36			-
Average discount rate – operating lease		4.78	%		-	%

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

	December 31, 2023		December 31, 2022
Operating leases
Right-of-use assets, net	$	154,316	$	-
Operating lease liabilities	$	159,744	$	-

The undiscounted future minimum lease payment schedule as follows:

For the year ending December 31,
2024	94,580
2025	32,545
2026	31,110
Thereafter	-
Total undiscounted lease payments	158,235
Less: interest	(7,932	)
Total lease liabilities	150,303

UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL INFORMATION

The following unaudited pro forma information was prepared under United States generally accepted accounting principles (“U.S. GAAP”), and gives effect to the Share Purchase Agreement (the “Share Purchase”) between Kuber Resources Corporation. (“Kuber Resources”) and Grayscale Investments (Asia) Ltd (“Grayscale”) to be accounted for as a business acquisition under in accordance with the provisions of ASC 805, Business Combinations. In addition, the pro forma condensed combined financial information gives effect to the proposed issuance of 100,000 shares of Kuber Resources’ shares of common stock to Grayscale ’ shareholders.

The proforma information as disclosed in this note have been prepared to present this

	December 31, 2023		December 31, 2022
Revenues	$	2,249,288	$	1,562,629
Expenses		558,532		804,501
Profit  before taxes		1,691,003		758,130
Net Assets		4,173,978		771,582