NOTE 23 – SUBSEQUENT EVENTS 

On February 1, 2019, the Company entered into a short-term loan agreement and received loan proceeds of $500,000 with principal and interest due 90 days from issuance. The note requires a one-time fee in the amount of $15,000 to compensate for the first two weeks of the term and each week thereafter (weeks 3-12) a fee of $1,250 shall be due and owing accruing on the first day of the week. A fee of 50,000 shares of restricted common stock shall be issued as a penalty for each month or prorated for any two-week portion of any month the note is outstanding for months 4 through 6, and a fee of 100,000 shares of restricted common stock shall be issued to lender for each month or prorated for each two-week portion of any month the note is outstanding beginning in month 7 until paid in full. The note is secured by all of the proceeds from the net revenue from sale of any and all PelleChar products. 

On February 1, 2019, the Company entered into an equity purchase agreement whereby a short term note of $300,000 and accrued interest of $24,000 were converted to equity in the new subsidiary, PelleChar. This note and accrued interest conversion along with previous minority interest investment in 2018 of $450,000 and additional cash investment paid in February 2019 of $226,000 comprised a total of 49% of minority interest ownership in PelleChar. SEER owns 51% of this new subsidiary as of April 12, 2019. 

On February 6, 2019, the Company entered into a new lease agreement for 3,864 square feet of corporate office space in Broomfield, Colorado. The lease will commence when the landlord delivers possession of the office space following improvements, expected to be around May 1, 2019. The lease term is seven years and four months and total lease payments required over the term are approximately $704,300. The lease required a security deposit of $40,000 in the form of a letter of credit with a bank.