XML 25 R14.htm IDEA: XBRL DOCUMENT v3.19.1
Commitments and Contingencies
6 Months Ended
Jan. 31, 2019
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies

8. COMMITMENTS AND CONTINGENCIES

 

Leases.

 

The Company is under an operating lease agreement for our corporate office space that expired in 2012. The lease currently continues on a month to month basis at no cost.

 

We house our inventory in approximately 4,000 square feet of warehouse space in Pembroke Park, Florida. The lease commenced September 15, 2014 and originally expired on September 30, 2015 and we have exercised our option to renew the lease and extended the expiration to September 15, 2017. Following the expiration, we have remained on a month-to-month term.

 

The Pembroke Park lease agreement requires the payment of base rent plus escalations for increases in building operating costs and real estate taxes. Rental expense for operating leases amounted to $11,000 and $22,000 for the three and six months ended January 31, 2019, respectively, and $11,000 and $22,000 for the three and six months ended January 31, 2018, respectively.