NOTE

– LEASES

We lease our office and manufacturing facility under a non-cancelable operating lease, which expires on

June 30,

2028.

The Company’s future minimum lease payments at

September 30, 2019

is as follows:

For the twelve-month period ending September 30,	Amount
2020	$	101,875
2021		101,875
2022		101,875
2023		103,125
2024		106,875
Thereafter		400,781

	$	916,406

Rent and real estate tax expense for all facilities for the

three

and

six

months ended

September 30, 2019

and

2018

was approximately

$19,000

and

$19,000

and

$37,000

and

$32,000,

respectively.