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Commitments and Contingencies
12 Months Ended
Dec. 31, 2013
Commitments And Contingencies  
Commitments and Contingencies

Leases

 

In October 2007, the Company entered into a lease agreement with Sunshine Distribution LP (“Landlord”), with respect to the lease of an approximately 43,000 square foot facility located at 1560 West 190th Street, Torrance, California (the “Lease”). The lease term commenced on November 1, 2007, and expired January 31, 2013. Our corporate offices are currently located at a manufacturing and warehouse facility at 2945 Columbia Street, Torrance, California which we are sub-leasing on a month-to-month basis.

 

The total base monthly rent at our former headquarters was approximately $39,000. Under the Lease, Enova paid the Landlord certain commercially reasonable and customary common area maintenance costs of approximately $5,000 per month, increasing ratably as these costs are increased to the Landlord. The Lease was secured by an irrevocable standby letter of credit in the amount of $200,000 and naming the Landlord as the beneficiary. Rent expense was approximately $111,000 and $537,000 for the years ended December 31, 2013, and 2012, respectively.