OPERATING LEASE OBLIGATIONS
|9 Months Ended|
Sep. 30, 2023
|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 September 2022, the Company amended the lease to extend the lease term for an additional 25 months at an annual rate of approximately $0.1 million. The amended lease will expire on January 31, 2025.
The Company recorded lease expense as follows:
The following table summarizes quantitative information about the Company’s operating leases:
As of September 30, 2023, 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