Friday, March 05, 2021 1:59:57 PM
Last sentence says it all
Lease Agreements andUse Permit
Effective March 12, 2019, the Company entered into a lease agreement for the War Memorial Stadium in Little Rock, Arkansas for a minimum of four and a maximum of five football games for the 2019 football season. The payment for each event was $10,000 plus additional expenses including security and expenses for a total of $14,225 per event. Additionally, the Company paid a $5,000 non-refundable deposit with the execution of the lease agreement and is recorded as an other asset in the accompanying unaudited Balance Sheet at October 31, 2020. The Company has received correspondence that the $5,000 lease deposit will be transferred successfully to the 2021 football season.
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