Note 16 - Commitments and Contingencies

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Commitments and Contingencies Disclosure [Text Block]

16. COMMITMENTS AND CONTINGENCIES

Protexture leases office space under a non-cancellable lease agreement. The lease is renewable at the option of the lessee under certain conditions. In June 2021, the company executed a lease extension to July 31, 2023. Minimum lease payments, subsequent to December 31, 2021 are $100,470 in 2022 and 60,331 in 2023.

The company may be eligible for an employee retention credit for 2020 & 2021 but the amount of the credit and eligibility is uncertain at this time.  Management anticipates filing the required applications to obtain such credits when further clarity on entitlement is obtained.