Quarterly report pursuant to Section 13 or 15(d)

OPERATING LEASE COMMITMENTS

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OPERATING LEASE COMMITMENTS
9 Months Ended
Sep. 30, 2014
Notes to Financial Statements  
Note 13. OPERATING LEASE COMMITMENTS

The Company leases certain office and industrial warehouse space in Lake Forest, California. The monthly rent is $3,025 for the first year and will increase to $3,300 for the second year.

 

The Company has an annual lease for a steel building and five acres of greenhouse space in Belvidere, New Jersey. The monthly rent is $13,000 for an annual amount of $156,000.

 

Net rent expense for the Company for the nine months ended September 30, 2014 was $234,300.