12. Leases

Lab Facility-Alachua. The Company began leasing this office location from a real estate developer for a term of five years beginning in December 2014. In June of 2019, the Company entered into an amendment for the Alachua facility for a term of five years beginning in December of 2019. Under the amended lease agreement, the rental payments range from $12,870 per month to $13,338 per month. Total rental expense for the Alachua facility for the three and nine-months ended September 30, 2023 was approximately $162,320 and $276,493 respectively. The lease was terminated on September 13, 2023 and in connection therewith the Company paid a termination fee equal to approximately nine-months rent.

Corporate Office-Tampa. In November of 2016, the Company entered into an amendment for the leased office space for corporate personnel located in Tampa, FL. The amended lease is for approximately 2,207 square feet. The lease period for the office space was thirty-six months commencing on March 1, 2017. The Company entered into amendments extending the term of the lease in November 2019 and August 2022. The lease expires on February 29, 2024. Lease payments are $5,906 per month inclusive of insurance, taxes, and utilities. Total rent expense for the three and nine-months ended September 30, 2023 was $17,719 and $51,855, respectively.

 Schedule of Other Information Related to Leases

Maturities of operating lease liabilities are as follows:

 Schedule of Maturities of Operating Lease Liabilities

The cost component of operating leases is as follows:

 Schedule of Cost Component of Operating Leases

Supplemental cash flow information related to operating leases is as follows:

 Schedule of Supplemental Cash Flow Information Related to Operating Leases