Related Party Transactions	9 Months Ended
May 31, 2020
Related Party Transactions
Related Party Transactions	Note 5. Related Party Transactions The Company leases its Chicago area sales office and distribution center located in Glendale Heights, Illinois under an operating lease agreement (the “Glendale Lease”) from the Trust, which is beneficially owned by the Company’s majority shareholder, who is also the Company’s Chairman and CEO. The Glendale Lease is a ten year lease with an initial monthly rental rate of $22,600, which is subject to annual rent increases of approximately 2.5% as set forth in the Glendale Lease. During the three months ended May 31, 2020 and 2019, the Company incurred expense related to the Glendale Lease of approximately $71,000 and $68,000, respectively. During the nine months ended May 31, 2020 and 2019, the Company incurred expense related to the Glendale Lease of approximately $213,000 and $206,000, respectively. On July 26, 2019, the Company entered into the Hunter Lease with the Trust, for the lease of the Hunter Property, which houses the Company’s new corporate headquarters. The Company completed its move to the new headquarters located at the Hunter Property in March 2020. The term of the Hunter Lease commenced on September 2, 2019 and ends on August 31, 2029 with an initial monthly rental rate of $66,300, which is subject to annual rent increases of approximately 2.5% as set forth in the Hunter Lease. The foregoing description of the Lease does not purport to be complete and is qualified in the entirety by reference to the lease as filed as Exhibit 10.14 in its Form 10-K for the year ended August 31, 2019 as filed with the SEC on November 27, 2019. During the three months ended May 31, 2020 and 2019, the Company incurred expense related to the Hunter Lease of approximately $199,000 and $0, respectively. During the nine months ended May 31, 2020 and 2019, the Company incurred expense related to the Hunter Lease of approximately $597,000 and $0, respectively.

Note 5. Related Party Transactions

The Company leases its Chicago area sales office and distribution center located in Glendale Heights, Illinois under an operating lease agreement (the “Glendale Lease”) from the Trust, which is beneficially owned by the Company’s majority shareholder, who is also the Company’s Chairman and CEO. The Glendale Lease is a ten year lease with an initial monthly rental rate of $22,600, which is subject to annual rent increases of approximately 2.5% as set forth in the Glendale Lease. During the three months ended May 31, 2020 and 2019, the Company incurred expense related to the Glendale Lease of approximately $71,000 and $68,000, respectively. During the nine months ended May 31, 2020 and 2019, the Company incurred expense related to the Glendale Lease of approximately $213,000 and $206,000, respectively.

On July 26, 2019, the Company entered into the Hunter Lease with the Trust, for the lease of the Hunter Property, which houses the Company’s new corporate headquarters. The Company completed its move to the new headquarters located at the Hunter Property in March 2020. The term of the Hunter Lease commenced on September 2, 2019 and ends on August 31, 2029 with an initial monthly rental rate of $66,300, which is subject to annual rent increases of approximately 2.5% as set forth in the Hunter Lease. The foregoing description of the Lease does not purport to be complete and is qualified in the entirety by reference to the lease as filed as Exhibit 10.14 in its Form 10-K for the year ended August 31, 2019 as filed with the SEC on November 27, 2019. During the three months ended May 31, 2020 and 2019, the Company incurred expense related to the Hunter Lease of approximately $199,000 and $0, respectively. During the nine months ended May 31, 2020 and 2019, the Company incurred expense related to the Hunter Lease of approximately $597,000 and $0, respectively.