Annual report pursuant to Section 13 and 15(d)

Commitments and Contingencies

v3.20.1
Commitments and Contingencies
 12 Months Ended
Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies

NOTE 14 - COMMITMENTS AND CONTINGENCIES

 

Operating Lease Commitments

 

Future commitments under non-cancellable operating leases with terms longer than one year for office and warehouse space as of December 31, 2019 are as follows:

 

Year Ending December 31,      
2020   $ 127,900  
2021     83,200  
2022     85,700  
2023     88,300  
2024     90,900  
Thereafter     157,600  
         
    $ 633,600  

 

For the years ended December 31, 2019 and 2018, rent expense, including prorated charges and net of sub-lease income, was $284,700 and $329,000, respectively.