HIMR Revised Quarterly Report Out 5/24/2013.
Post# of 17862
HIMR Revised Quarterly Report Out 5/24/2013.
Hollund indicates it has a lease with North Cal for a one year term at $200 per month.
https://www.otciq.com/otciq/ajax/showFinancia...?id=105324
The Company owns no real estate. It currently maintains its corporate offices at 107-417 477 Peace Portal Drive, Blaine, Washington, 98230. In addition, the Company leases office space from North Cal Wood Products, Inc. located at 700 Kunzler Ranch Road, Ukiah, CA 95482. The lease has a one year term at $200 per month.
During August 2012, the Company signed an exclusive license and strategic partnership agreement with North Cal Woods Products, under which it has the exclusive right to manage, market and operate the Tiger-Lynk system.
During the quarters ended March 31, 2013 and 2012, the Company was advanced $28,143 and $6,410, respectively, from a former shareholder of HIRS. The advances due not bear interest and have no set maturity date. As of March 31, 2013 and 2012, the Company’s unpaid advances were approximately $195,500 and $60,400, respectively.
Currently, the Company operates out of space offered without charge by one of the directors of the Company, and therefore does not currently pay any rent for office space.
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