Processa Pharmaceuticals, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies Disclosure

Commitments and Contingencies Disclosure	9 Months Ended
Sep. 30, 2015
Notes
Commitments and Contingencies Disclosure	10. COMMITMENTS AND CONTINGENCIES: Lease Commitments - The Company leases warehouse and office space for the equipment and operations located in Gardena, CA. On August 1, 2015 the Company is no longer under a rental lease agreement for the office and warehouse space in Gardena, CA. The Company is now on a month-to-month agreement and will be required to exit the premises if the landlord identifies a new tenant. Total rent expense for the three and nine months ended September 30, 2015 was $11,019 and $41,133, respectively. The rent expense for the three and nine months ended September 30, 2014 was $5,280 and $43,684, respectively.

Commitments and Contingencies Disclosure

9 Months Ended

Sep. 30, 2015

Commitments and Contingencies Disclosure

10. COMMITMENTS AND CONTINGENCIES:

Lease Commitments - The Company leases warehouse and office space for the equipment and operations located in Gardena, CA. On August 1, 2015 the Company is no longer under a rental lease agreement for the office and warehouse space in Gardena, CA. The Company is now on a month-to-month agreement and will be required to exit the premises if the landlord identifies a new tenant.

Total rent expense for the three and nine months ended September 30, 2015 was $11,019 and $41,133, respectively. The rent expense for the three and nine months ended September 30, 2014 was $5,280 and $43,684, respectively.