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Commitments and Contingencies
3 Months Ended
Sep. 30, 2015
Commitments And Contingencies  
Commitments and Contingencies

17. Commitments and contingencies

 

On April 1, 2010, the Company entered into a lease for general office and warehouse in City of Industry, California with a lease term of three years. The Company renewed the lease to March 31, 2017. Monthly rent was $11,583 up to March 31, 2015, and increased to $11,884 from April 1, 2015 to March 31, 2016. Monthly rent increased to $13,238 from April 1, 2016 to March 31, 2017.

 

On June 1, 2014, the Company entered into another lease for a warehouse in El Monte, California with a lease term of two years. Monthly rent was $5,250.

 

On November 1, 2009, the Company entered into a lease for general office and warehouse in City of Industry, California with a lease term of one year and four months. The Company renewed the lease on a month-to-month basis with monthly rent of $2,250 after June 1, 2015.

 

Future minimum annual rental payments required under operating leases as of September 30, 2015 were as below (by year):

 

2015  $236,472 
Total  $236,472