Operating Lease Commitments

3 Months Ended

Mar. 31, 2015

Leases [Abstract]

Operating Lease Commitments

NOTE 8 – OPERATING LEASE COMMITMENTS

In April 2012, Quest Marketing, Inc. signed an operating lease at 860 Conger Street, Eugene, OR 97402. The premises, consisting of approximately 7,000 square feet of warehouse/office space shall serve as the Company’s headquarters. The lease provides for monthly payments of $3,837 through March 2013, and adjusted annually to reflect changes in the cost of living for the remainder of the lease term. In no event shall the monthly rent be increased by more than 2 percent in any one year. The lease is due to expire March 2017.

The lease at the Company’s Ohio location, signed by Quest Marketing, Inc. in July 2011, provides for monthly payments of $2,587 through June 2012; and $2,691 thereafter. The lease is due to expire June 30, 2018.

The Company leases space at its corporate office in Henderson, Nevada at the rate of $850 per month. The lease is an annual lease renewable in December 2015.

The Company has a commercial real estate operating lease with the former owner and founder of BCS for the company’s BCS office and warehouse location in Garden Grove, CA. The following is a schedule of future minimum facility lease payments required under the related party operating leases that have initial or remaining lease terms in excess of one year as of December 31, 2014.

Total rent expense at the Garden Grove, CA location was $9,000per month or $27,000 for the three months ending March 31, 2015.

SUMMARY OF OPERATING LEASE COMMITMENTS

The future minimum operating lease payments are as follows:

As of March 31,
2015
2015	$	116,318
2016		187,257
2017		152,033
2018		140,292
2019		108,000
2020		108,000
Thereafter		117,000
Total	$	928,900