Auto Parts 4Less Group Inc (FLES)

[DKEZ]

I’m pretty sure they’re just renting the building, saw somewhere that mentioned prepaid rent so I assumed that’s what it was. Not 100% sure though, I’d have to double check


EDIT: Found part of what I was talking about. They don’t own the warehouse and with their current financial situation they probably won’t be buying anything until they’re profitable and have better financing in place.

On July 1, 2018, the Company entered into a 60-month lease agreement with its minority shareholder for its 8,800 sf warehouse facility with a minimum base rent of $6,400 per month. The Company paid base rent and their share of maintenance expense of $44,800 and $0 related to this lease for the periods ended January 31, 2019 and 2018, respectively.