NOTE 13 – SUBSEQUENT EVENTS

On November 11, 2013, the Company entered into a three-year lease agreement for office space at 687 North Pastoria Avenue, Sunnyvale, California expiring on December 31, (the "North Pastoria Lease"). On October 16, 2017, the Company extended the lease agreement for an additional three years with an expiration date of December 31, 2020 ("2018 Extension"). On January 24, 2020, the Company and a third party (the "Sublessee") entered a Sublease agreement (the "Sublease"), wherein the Sublessee will occupy the premises for the remainder of the term of the 2018 Extension. The Sublessee will make payments total $106,323 ($9,666 per month) for the remaining 11 months.

Between April 16 and December 31, 2019, we accrued $141,667 for salary owed during 2019 to Mr. Brock, the Company's Chief Executive Officer. On March 12, 2020, Mr. Brock waived accrued payroll amounts in the amount of $141,667.

On March 12, 2020, Stewart Kantor, the Company's Chief Financial Officer, waived accrued payroll amounts in the amount of $8,334.