12. Commitments and Contingencies

Leases

Lab Facility-Alachua. The Company’s Alachua facility was leased from a real estate developer for a term of five years beginning in December 2014. Under the lease agreement, the rental payments ranged from $9,641 per month to $10,851 per month. 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 ranged from $12,870 per month to $13,338 per month. In September of 2023, we exercised our early termination option for this lease. Total rental expense for the Alachua facility during the year ended December 31, 2023, was $276,493, which amount includes the early termination fee equal to nine (9) 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 for thirty-six months commencing in March of 2017. Lease payments ranged from $4,138 per month to $4,392 per month inclusive of insurance, taxes and utilities. In November of 2019, the Company entered into an amendment for the Tampa facility for a term of three years beginning in March of 2020. Under the amended lease agreement, the rental payments range from $4,524 per month to $4,800 per month. Total rent expense under this lease was approximately $69,464 for the year ended December 31, 2023.Our lease for this space expired on February 29, 2024.

Schedule of Supplemental Balance Sheet Information Related to Leases

Maturities of operating lease liabilities are as follows:

Schedule 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