Note 7 - Rent Obligation

12 Months Ended

Dec. 31, 2017

Notes to Financial Statements

Leases of Lessee Disclosure [Text Block]

NOTE

7

– RENT OBLIGATION

Our corporate offices are located at

2915

Commers Drive, Suite

900,

Eagan, Minnesota

55121.

On

November 22, 2017,

the Company signed a

second

amendment to our lease last amended on

January 28, 2013.

The lease as amended has a

three

-year term effective

February 1, 2018

ending

January 31, 2021.

We lease

5,773

square feet at this location, of which

2,945

square feet is used for office space and

2,828

is used for manufacturing. Our lease is effective through

January 31, 2021.

We expect that this space will be adequate for our current office and manufacturing needs. Rent expense was

$66,122

and

$66,239

for

2017

and

2016,

respectively.

The Company’s rent obligation for the next

four

years are as follows:

2018	$	39,000
2019	$	40,000
2020	$	42,000
2021	$	3,000