Annual report pursuant to Section 13 and 15(d)

COMMITMENTS AND CONTINGENCIES (Tables)

v3.19.3.a.u2
COMMITMENTS AND CONTINGENCIES (Tables)
12 Months Ended
Sep. 30, 2019
Commitments and Contingencies Disclosure [Abstract]  
Schedule Of Future Minimum Payments Under Operating Leases

Future lease commitments are as follows for the years ended September 30:

2020

45,157

2021

46,812

2022

7,852

 

$99,822

Schedule of Minimum Royalty Payments

The company agreed to pay USFRF a royalty of 3% for sales of all Licensed Products and Licensed Processes and agreed to pay USFRF minimum royalty payments as follows:


Payment

Year

$1,000

2019

$4,000

2020

$8,000

2021