XML 31 R18.htm IDEA: XBRL DOCUMENT v2.4.0.8
12. SUBSEQUENT EVENTS
10 Months Ended
Mar. 31, 2014
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

The Company has evaluated all subsequent events in accordance with FASB Accounting Standards Codification Topic 855, Subsequent Events, through May 15, 2014, which is the date these condensed consolidated financial statements were issued.  All subsequent events requiring recognition as of March 31, 2014 have been incorporated into these consolidated financial statements herein.

 

On April 21, 2014 the Company entered into a lease agreement as a tenant with a third party landlord to lease warehouse space for general corporate purposes for a period effective April 21, 2014 through April 30, 2017.  The total payments called for during the lease period are $38,965 for rent payments.  The lease is considered a “gross lease” and payments include estimated charges for property taxes, property insurance, and common area maintenance.  The Company will be responsible for utilities under the terms of the agreement.