Quarterly report pursuant to Section 13 or 15(d)

Lease Commitments

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Lease Commitments
3 Months Ended
Mar. 31, 2017
Lease Commitments [Abstract]  
LEASE COMMITMENTS
4. LEASE COMMITMENTS

 

The Company leases its store facilities under operating leases ranging from $950 to $6,887 per month. The following is a schedule of future minimum rental payments required under the term of the operating leases as of March 31, 2017:

 

  Twelve Months Ending March 31,   Amount  
  2018   $ 497,868  
  2019     479,995  
  2020     409,221  
  2021     357,802  
  2021     303,529  
  Thereafter     27,799  
      $ 2,076,214  

 

Rent expense under all operating leases for the three months ending March 31, 2017 and 2016 was $118,968 and $59,959, respectively.