Commitments and Contingencies
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9 Months Ended |
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Mar. 31, 2015
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Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies |
COMMITMENTS AND CONTINGENCIES
On November 21, 2014, the Company executed an agreement to lease approximately 14,000 square feet of warehouse space in Las Vegas, Nevada at cost of approximately $252,000 per year. The term of the lease is 5.0 years with increases in costs of 3.0% per annum.
Refer to Note 12 of the Notes to Consolidated Financial Statements in the 2014 Annual Report for information relating to minimum rental payments under operating and capital leases, consulting and employment contracts, and other commitments. There has been no material changes to those scheduled commitments as of the filing of this report.
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- Definition
The entire disclosure for commitments and contingencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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