Commitments and Contingencies

9 Months Ended

Sep. 30, 2013

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies Disclosure [Text Block]

10.

Commitments and Contingencies

Purchase Commitments

The Company has total purchase commitments for machinery and equipment and a new manufacturing system totaling approximately $2,233, of which $776 has been paid with the remaining balance expected to be paid within the next six months.

Operating Leases

The Company entered into a 10 year operating lease agreement for a 68,000 square foot facility in Wheeling, Illinois in December 2012 and is expected to take control in December of 2013 and would expire 10 years from the date of control. The Company is also responsible for its proportionate share of the operating expenses of the company including real estate taxes, insurance, snow removal, landscaping and other building charges. The Company is also responsible for the utility costs for the premises. Minimum annual base rent is approximately $350 with 2% escalations per annum.

Litigation

The Company is subject to litigation from time to time arising from our normal course of operations. Currently, there are no open litigation matters.

- Definition

The entire disclosure for commitments and contingencies.

+ References+ Details

Hot Mamas Foods, Inc. 10-Q/A