5. Commitments and Contingencies
|12 Months Ended|
Mar. 31, 2015
|Commitments and Contingencies Disclosure [Abstract]|
|5. Commitments and Contingencies||
On March 31, 2015, we entered into a two-year industrial/commercial multi-tenant lease with P.G.A. Lawson Limited Partnership, whereby we leased a 9,745 square foot warehouse with a 2,415 square foot office space inside. The lease commences on April 20, 2015 and ends on April 30, 2017. We will pay $7,699 per month until May 1, 2016 when the rent increases by 3% to $7,930 per month. The warehouse is located at 829 Lawson Street in the City of Industry, California. The Company paid a $23,096 security deposit on March 31, 2015 pursuant to the agreement. The Company prepaid one month rent of $7,699 as of March 31, 2015 is included in prepaid expenses presented in the accompanying balance sheets.
Future minimum lease commitments are as follows:
On December 29, 2014 we entered into a consulting agreement with Morepro Marketing, Inc., which was submitted to the Commission on January 5, 2015. Under the terms of this agreement, we agree to pay Morepro Marketing, Inc. a minimum of $625 per month, plus reimbursement of any expenses incurred by Morepro Marketing, Inc. There is a ninety-day minimum timeframe for each new client to cancel, after which either party can terminate after thirty days notice. We currently pay $625 per month, and will need to give at least thirty days notice if we choose to cancel their services.
The entire disclosure for commitments and contingencies.
Reference 1: http://www.xbrl.org/2003/role/presentationRef