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GE ROYALTY OBLIGATIONS (Tables) | 6 Months Ended
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Jun. 30, 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: SCHEDULE OF GE ROYALTY OBLIGATION MINIMUM FUTURE MINIMUM PAYMENT
Year |  | Minimum Obligation |
2022, remaining period |  | $ | 2,250,000 |
2023 |  |  | 988,000 |
Total principal payments |  | $ | 3,238,000 |

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