Quarterly report pursuant to Section 13 or 15(d)

COMMITMENTS AND CONTINGENCIES (Tables)

COMMITMENTS AND CONTINGENCIES (Tables)

3 Months Ended

Dec. 31, 2019

Commitments and Contingencies Disclosure [Abstract]

Schedule of Operating Leases Balance Sheet Classification

Operating Leases - Balance Sheet Classification
	December 31,
	2019
Operating lease assets, net	$	66,903

Current lease liability
Operating lease laibility		32,382
Non- current lease liability
Long term operating lease liability		38,608
Total lease liability	$	70,990

Schedule of Maturities of Lease Liability

Maturities of lease liability at December 31, 2019 are as follows:
Payments:
2019	$	11,035
2020		45,451
2021		43,188
Total		99,674
Less: present value discount		(28,684)
Total lease liability	$	70,990

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