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GE ROYALTY OBLIGATIONS (Tables)
 6 Months Ended
Jun. 30, 2022
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  $2,250,000 
2023   988,000 
Total principal payments  $3,238,000