Commitments and Contingencies
|6 Months Ended|
Jun. 30, 2016
|Commitments and Contingencies [Abstract]|
|Commitments and Contingencies||
9. Commitments and Contingencies
On June 8, 2015, the Company incurred a lease abandonment charge of $54,849 for the three and six months ended June 30, 2015, for the former corporate headquarters located at 58 W. Buffalo St. Suite #200 in Chandler, Arizona. Due to the growth of the Company, occupancy has been taken under a new leased spaced. The Company estimated the liability under operating lease agreements and accrued lease abandonment costs in accordance with Accounting Standards Codification (“ASC”) 420, Exit or Disposal Cost Obligation ("ASC 420"), as the Company has no future economic benefit from the abandoned space and the lease does not terminate until November 30, 2015. All leased space related to this lease was abandoned and ceased to be used by the Company on June 30, 2015.
As of the date of this report, there are no pending legal proceedings to which we or our properties are subject.
The entire disclosure for commitments and contingencies.
Reference 1: http://www.xbrl.org/2003/role/presentationRef