XML 34 R16.htm IDEA: XBRL DOCUMENT v3.20.1
Commitments and contingencies
12 Months Ended
Dec. 31, 2019
Commitments and contingencies  
Commitments and contingencies

Note 10 - Commitments and contingencies

Rents and operating leases

Hudson utilizes leased facilities and operates equipment under non-cancelable operating leases through July 2030. Below is a table of key properties :

Properties

 

 

 

 

 

 

 

 

    

 

 

    

Lease

 

 

Annual

 

Expiration

Location

 

Rent

 

Date

Auburn, Washington

 

$

60,000

 

Month to Month

Baton Rouge, Louisiana

 

$

24,000

 

Month to Month

Champaign, Illinois

 

$

637,000

 

12/2024

Charlotte, North Carolina

 

$

30,000

 

5/2020

Escondido, California

 

$

208,000

 

6/2022

Hampstead, New Hampshire

 

$

33,000

 

8/2022

Long Beach, California

 

$

26,400

 

2/2022

Long Island City, New York

 

$

792,000

 

7/2021

Ontario, California

 

$

98,400

 

12/2021

Pearl River, New York

 

$

150,000

 

12/2021

Pottsboro, Texas

 

$

9,600

 

Month to Month

Riverside, California

 

$

27,000

 

Month to Month

Smyrna, Georgia

 

$

465,000

 

7/2030

Stony Point, New York

 

$

105,000

 

6/2021

Tulsa, Oklahoma

 

$

27,000

 

Month to Month

 

The Company rents properties and various equipment under operating leases. Operating lease expense for the years ended December 31, 2019 and 2018 totaled approximately $2.8 million and $2.9 million. In addition to the properties above, the Company does at times utilize public warehouse space on a month to month basis. The Company typically enters into short-term leases for the facilities and wherever possible extends the expiration date of such leases.