Lease Obligations
9 Months Ended
Sep. 30, 2017
Notes to Financial Statements  
Note 6 - Lease Obligations

 

The Company occupies three suites at an executive office facility on a month to month basis at a rate of $1,555 plus usage charges per month. Our laboratory and product development facility consists of approximately 3,971 square feet of space leased under a multi-year contract which was extended in September 2016 at a rate of $3,781 per month and expires on November 30, 2017. For the three and nine months ended September 30, 2017, the Company expensed $18,900 and $44,583, respectively for rent. For the three and nine months ended September 30, 2016, the Company expensed $18,421 and $46,271, respectively for rent. The Company’s lease rent obligation is as follows:

 

Year   Amount  
2017   $ 41,591  
Total   $ 41,591