Note: 11. Subsequent Events
On October 25, 2018, the Company entered into a Sublease with a Subleasee for its offices at 1857 Helm Drive, Las Vegas, Nevada. The Sublease was approved by the Landlord on October 26, 2018 and includes essentially the same terms as lease payment obligations included in the First Amendment to Lease between the Company and the Landlord. Lease payments will cover the period commencing the second half of October 2018 through September 30, 2019, the end of the remaining term existing on the First Amendment to Lease.
On October 31, 2018, the Company entered into a settlement agreement whereby Diego Rissola agreed to make a one-time payment of $295,000 to the Company to settle any and all remaining payments and obligations due under the Agreement with the Purchaser. The settlement payment was received by the company on November 06, 2019 and constitutes a full and final satisfaction of outstanding obligations.
