Annual report pursuant to Section 13 and 15(d)

Lease Commitments

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Lease Commitments
12 Months Ended
Dec. 31, 2017
Lease Commitments [Abstract]  
LEASE COMMITMENTS
11. LEASE COMMITMENTS

 

The Company leases its store facilities under operating leases ranging from $900 to $5,600 per month. The following is a schedule of future minimum rental payments required under the terms of the operating leases as of December 31, 2017:

 

  Year Ending December 31   Amount  
  2018   $ 710,485  
  2019     673,449  
  2020     541,580  
  2021     448,886  
  Thereafter     100,920  
      $ 2,475,320  

 

Rent expense under all operating leases for the year ended December 31, 2017 and 2016 was $641,408 and $306.115, respectively.