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Commitments and Contingencies
12 Months Ended
Dec. 31, 2019
Notes  
Commitments and Contingencies

NOTE 7 - COMMITMENTS AND CONTINGENCIES

 

Operating Lease Obligations

 

The Company entered into a lease for office space in February 2017 for $950 per month.  In November 2017 the Company signed a six-month extension of the lease with a lease payment of $978 per month. In March 2018 the Company extended the lease agreement through August 31, 2019 at a rate of $1,008 per month.  In July 2019 the Company extended the lease agreement through August 31, 2020 at a rate of $1,038.10 per month.  Obligations under this lease are as follows:

 

 

    2020

2021

2022

Office lease

  $    8,305

$               -  

$                   -  

 

In 2018, the Company also entered into a 24-month lease for a nitric oxide analyzer, with a monthly payment of $1,014 per month.  The final payment under this agreement was made in December 2019.