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GE ROYALTY OBLIGATIONS (Tables)

3 Months Ended

Mar. 31, 2022

Ge Royalty Obligations

SCHEDULE OF GE ROYALTY OBLIGATIONS

SCHEDULE OF GE ROYALTY OBLIGATIONS

Net Sales in Contract Year		Percentage of Contract Year Net Sales owed to GE
$0 to $50,000,000			7	%
$50,000,001 to $100,000,000			6	%
$100,000,000+			5	%

SCHEDULE OF GE ROYALTY OBLIGATION MINIMUM FUTURE MINIMUM PAYMENT

Minimum future payment obligations are approximately as follows:

Year		Minimum Obligation
2022, remaining period		$	1,725,000
2023			1,813,000
Total principal payments		$	3,538,000