Note

Leases

The Company leases facilities and office equipment under various operating leases, which generally are expected to be renewed or replaced by other leases. For the quarter ended

June 30, 2020

and

2019,

operating lease expenses totaled

$61,049

and

$62,326

, respectively. For the

six

months ended

June 30, 2020

and

2019,

operating lease expenses totaled

$128,693

and

$117,012

, respectively.

Operating lease liabilities as of

June 30, 2020

will require the following payments:

2020 (six months)	$	172,409
2021		343,423
2022		351,334
2023		357,695
2024		356,250
Thereafter		1,469,679
Total minimum lease payments		3,050,790
Less imputed interest		(525,718	)
Total lease liabilities	$	2,525,072