NOTE K – STOCK ISSUANCE TO NON-EMPLOYEE DIRECTORS

During the years ended December 31, 2021 and 2020, the Company issued common stock in the amount of $0 and $18,000 and paid cash consideration of $0 and $60,000, respectively to the Company’s non-employee directors as compensation for their attendance and participation in the Company’s Board of Director and committee meetings. The amount payable to directors at December 31, 2021 and 2020 was $223,000 and $100,000, respectively.