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Re: capital gain post# 4873

Monday, 01/17/2011 10:53:30 AM

Monday, January 17, 2011 10:53:30 AM

Post# of 7536
During the first year of the Lease Agreement, the annual rental payment will be $300,000. In the second, third, fourth and fifth years, the annual rental payment will be $1,650,000, $1,725,000, $1,800,000, and $1,875,000, respectively. For months 61 through 69, the total rental payment will be $1,406,250. Management anticipates that for accounting purposes Zynex will have an annual rental expense of approximately $1,440,000 throughout the term of the lease. Zynex, Inc. is guaranteeing the obligations of Zynex Medical, Inc. under the Lease Agreement.

In the last Quarter they had a deferred rent liability of 1.390.000, I assume that has to do with the above accounting purpose.

Again, please correct me if I am wrong.

GLTA.

A.H
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