Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

v3.20.1
Subsequent Events
3 Months Ended
Mar. 31, 2020
Accounting Policies [Abstract]  
Subsequent Events

NOTE 7 – SUBSEQUENT EVENTS

 

Subsequent to March 31, 2020, the Company entered into amended lease agreement with its landlord. Under the terms of the amendment, the landlord agreed to waive rent, certain rent adjustments and parking for the period April 1, 2020 through June 30, 2020 and extend the term of the lease by three months. The lease term date, which was December 31, 2020, is now March 31, 2021. In addition, the due date of certain other rent adjustments due April 8, 2020 has been deferred. The rent adjustments of approximately $5,000 are now due 50% on June 1, 2020 and 50% on July 1, 2020.