General form of registration statement for all companies including face-amount certificate companies

OPERATING LEASE COMMITMENTS

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OPERATING LEASE COMMITMENTS
3 Months Ended 12 Months Ended
Mar. 31, 2014
Dec. 31, 2013
Notes to Financial Statements    
Note 13. OPERATING LEASE COMMITMENTS

The Company leases certain office and industrial warehouse space in Lake Forest, California. The monthly rent is $3,025 for the first year and will increase to $3,300 for the second year.

 

The Company has an annual lease for a steel building and five acres of greenhouse space in Belvidere, New Jersey. The monthly rent is $13,000 for an annual amount of $156,000.

 

Net rent expense for the Company for the quarter ended March 31, 2014 was $20,057.

The Company leases certain office and industrial warehouse space in Lake Forest, California. The monthly rent is $3,025 for the first year and will increase to $3,300 for the second year.

 

The Company has an annual lease for a steel building and five acres of greenhouse space in Belvidere, New Jersey. The monthly rent is $13,000 for an annual amount of $156,000.

 

Net rent expense for the Company for the year ended December 31, 2013 was $54,408.