NOTE

– LEASES

The Company’s corporate offices are located at

2915

Commers Drive, Suite

900,

Eagan, Minnesota

55121.

November 22, 2017,

the Company signed a

second

amendment to its lease last amended on

January 28, 2013.

The lease as amended has a

three

-year term effective

February 1, 2018

ending

January 31, 2021.

The Company leases

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.

Skyline Medical Europe’s offices are located at

Chemin de la Fraite –

1380

Ohain, Belgium. The lease agreement was signed

April 24, 2018

and started on

June 15, 2018.

The Company leases around

2,000

square feet at this location,

750

of which is used for storage and

1,250

for office space. The lease is effective through

June 14, 2027.

Helomics’ offices are located at

Street, Pittsburgh, Pennsylvania. On

October 17, 2017,

the Company signed a

second

amendment to its lease last amended on

February 28, 2016.

The lease, as amended, has a

three

-year term effective

February 1, 2018,

ending

January 31, 2021.

The Company leases

17,417

square feet at this location, of which approximately

1,000

square feet are used for office space and

16,417

square feet is used for laboratory operations. The Company expects that this space will be adequate for its current office and laboratory needs.

Lease expense was

$153,923

and

$183,135

for the

three

months and

six

months ended on

June 30, 2019

and

$19,936

and

$37,179

for the

three

and

six

months ended on

June 30, 2018,

respectively.

The following table summarizes other information related to the Company’s operating leases:

	June 30, 2019
Weighted average remaining lease term – operating leases in years		3.19
Weighted average discount rate – operating leases		8	%

The Company’s rent obligation for the next

five

years are as follows:

2019	$	259,700
2020		520,981
2021		118,976
2022		43,403
2023		44,271
2024 and thereafter		157,932
Total lease payments		1,145,263
Less interest		139,738
Present value of lease liabilities	$	1,005,525