7. LEASE COMMITMENTS |
12 Months Ended | ||||||||||
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Mar. 31, 2016 | |||||||||||
| Lease Commitments | |||||||||||
| LEASE COMMITMENTS |
FFIN entered into a lease agreement on January 1, 2015, for office space that expires in 30 months. At March 31, 2016, the future minimum lease payments under the lease are as follows:
FFIN’s rent expense for its office space was $6,975 and $27,900, for the period from August 25, 2014 (inception) to March 31, 2015 and for the year ended March 31, 2016, respectively.
BMBM leases office space on a month-to-month basis for $250 per month. |
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- References No definition available.
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- Definition The entire disclosure for significant arrangements with third parties, which includes operating lease arrangements and arrangements in which the entity has agreed to expend funds to procure goods or services, or has agreed to commit resources to supply goods or services, and operating lease arrangements. Descriptions may include identification of the specific goods and services, period of time covered, minimum quantities and amounts, and cancellation rights. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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