(8) Leases

On August 6, 2004, the Company assumed a non-cancelable operating lease for office space and laboratory facilities in Salt Lake City, Utah. On May 6, 2014, the Company modified and extended the lease through February 28, 2018, on February 8, 2018, the Company extended the lease through February 28, 2019 and on January 2, 2019, the Company extended the lease through February 28, 2020.

Future minimum lease payments under non-cancellable operating leases as of September 30, 2019 are:


	Operating
	leases
Year ending December 31:
2019		82,596
2020		55,064
Total minimum lease payments	$	137,660

The Company’s rent expense was $83,000 and $80,000, respectively, for the three months ended September 30, 2019 and 2018 and was $246,000 and $243,000, respectively, for the nine months ended September 30, 2019 and 2018.