NOTE 9 – LEASES    

We lease our office and manufacturing facility under a non-cancelable operating lease, which expires on June 30, 2028. The following is a maturity analysis of the annual undiscounted cash flows of the operating lease liabilities as of March 31, 2022:

Rent and real estate tax expense for all facilities for the years ended March 31, 2022 and 2021 was approximately $137,000 and $136,000, respectively, and are reported as a component of cost of sales and selling, general and administrative expenses in the accompanying consolidated statement of operations. The Company paid in $101,875 in lease payments during the year.