Annual report pursuant to Section 13 and 15(d)

Lease Commitments

v3.19.1
Lease Commitments
12 Months Ended
Dec. 31, 2018
Leases [Abstract]  
LEASE COMMITMENTS
12. LEASE COMMITMENTS

 

The Company leases its store facilities under operating leases ranging from $900 to $8,000 per month. The following is a schedule of future minimum rental payments required under the terms of the operating leases as of December 31, 2018:

 

Year Ending December 31   Amount  
2019   $ 1,251,800  
2020     1,207,900  
2021     1,085,400  
2022     781,600  
Thereafter     357,700  
    $ 4,684,400  

 

Rent expense under all operating leases for the year ended December 31, 2018 and 2017 was $1,145,837 and $641,408, respectively.