Subsequent Events |
6 Months Ended | ||
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Jun. 30, 2016 | |||
| Subsequent Events [Abstract] | |||
| 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. |
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. No definition available.
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