COMMITMENTS

12 Months Ended

Dec. 31, 2018

Commitments and Contingencies Disclosure [Abstract]

NOTE 9 – COMMITMENTS

Leases

–

The lease for our corporate office located at 340 Madison Avenue, New York, New York expires on March 31, 2025. Rent expense paid for this operating lease was approximately

$348,000

for the year ended December 31, 2018. The remaining lease obligation for our corporate office is as follows (dollars in thousands):

Year Ended:	Future Minimum Rentals

2019	$	439
2020		439
2021		447
2022		470
2023		470
Thereafter		586
	$	2,851

Legal Proceedings –

In the normal course of business, we are a party to routine legal proceedings. Based on available information and taking into account accruals where they have been established, management currently believes that any liabilities ultimately resulting from litigation we are currently involved in will not, individually or in the aggregate, have a material adverse effect on our consolidated financial position. Additionally, as discussed above in Note 1 to our consolidated financial statements, as of February 2018, we no longer operate under the Plan approved in connection with the resolution of the chapter 11 cases involving Syms and its subsidiaries.