OPERATING LEASE OBLIGATIONS
|3 Months Ended|
Mar. 31, 2022
|OPERATING LEASE OBLIGATIONS|
|OPERATING LEASE OBLIGATIONS||
NOTE 12. OPERATING LEASE OBLIGATIONS
The Company leases 3,681 square feet of office space in Scottsdale, Arizona. In August 2020, the Company amended its office lease and extended the lease term for an additional 25 months at an annual rate of approximately $0.1 million. The term of the amended lease commenced on December 1, 2020 and will expire on December 31, 2022.
The Company recorded rent expense as follows:
The following table summarizes quantitative information about the Company’s operating leases:
As of March 31, 2022, future minimum lease payments under lease agreements associated with the Company’s operations were as follows:
The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef