NOTE

– LEASES

The Company’s corporate offices are located in Eagan, Minnesota. The lease as amended has a

three

-year term 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 in Belgium. 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 in Pittsburgh, Pennsylvania. The lease, as amended, has a

three

-year term 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

$184,046

and

$367,180

for the

three

months and

nine

months ended on

September 30, 2019

and

$27,807

and

$64,986

for the

three

and

nine

months ended on

September 30, 2018,

respectively.

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

	September 30, 2019
Weighted average remaining lease term – operating leases in years		3.06
Weighted average discount rate – operating leases		8	%

The Company’s rent obligation is as follows:

2019	$	129,546
2020		519,751
2021		117,722
2022		42,124
2023		42,966
2024 and thereafter		153,278
Total lease payments		1,005,387
Less interest		118,675
Present value of lease liabilities	$	886,712