Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

v3.5.0.2
Subsequent Events
6 Months Ended
Jun. 30, 2016
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS
11. SUBSEQUENT EVENTS

 

On July 15, 2016 the company entered into a new lease agreement for its Canon City, Colorado location. The Canon City Store completed its move to its new location on July 25, 2016. The new store is approximately 4427 square feet. The lease agreement requires monthly payments of $3,689.17 beginning October 15, 2016 through October 14, 2022 with annual increase of 3%.

 

On July 19, 2016 the Company entered into a 2 year lease agreement for its tenth retail store in Fairplay, Colorado. The Company plans to begin operations in Fairplay, Colorado on August 1, 2016. The lease agreement requires monthly rental payments of $2,170 through July 31, 2018.