Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

v3.20.2
Subsequent Events
6 Months Ended
Jun. 30, 2020
Accounting Policies [Abstract]  
Subsequent Events

NOTE 8 – SUBSEQUENT EVENTS

 

On July 23, 2020, the Company amended the related party revolving line of credit from Berkshire Capital Management Co., Inc. to extend the due date to December 31, 2020.

 

On May 1, 2020, the Company entered into an 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. On July 29, 2020, the Company entered into another 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 July 1, 2020 through August 31, 2020 and extend the term of the lease by two months. As a result of these amendments, the lease term date, which was December 31, 2020, is now May 31, 2021.