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ROYALTY OBLIGATIONS (Tables) | 9 Months Ended
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Sep. 30, 2022
Royalty Obligations |
SCHEDULE OF ROYALTY OBLIGATIONS | SCHEDULE OF 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 ROYALTY OBLIGATION MINIMUM FUTURE MINIMUM PAYMENT | Minimum fixed future payment obligations are approximately as follows: SCHEDULE OF ROYALTY OBLIGATION MINIMUM FUTURE MINIMUM PAYMENT
Year |  | Minimum Obligation
2022, remaining period |  | $ | 300,000 |
2023 |  |  | 2,638,000 |
Total principal payments |  | $ | 2,938,000 |

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