COMMITMENTS AND CONTINGENCIES

3 Months Ended

Mar. 31, 2015

Commitments and Contingencies Disclosure [Abstract]

NOTE 12 – COMMITMENTS AND CONTINGENCIES

Garnishment

Matiff Enterprises, LLC holds a judgment against the Company filed as a foreign judgment in King County Superior Court, on February 6, 2015. As of March 19, 2015, the total amount owing on the judgment is $97,161. The judgment accrues interest at the rate of $10% per annum. Commencing from April 22, 2015, the Company should pay Matiff Enterprises, LLC $4,000 each month until the unpaid aggregate amount is satisfied in full.

Leases

Rental expense under operating lease agreements:

		March 31, 2015				March 31, 2014
Total rentals		$	32,396			$	47,377

Minimum future rental payments under non-cancelable operating leases as of March 31, 2015:

Fiscal Year Ending

2015	$	97,186
2016		120,341
2017		93,131
2018		31,284
Thereafter		-
Total minimum lease payments	$	341,942

Legal Matters

From time to time the Company may become a party to litigation matters involving claims against the Company. Management believes that there are no current matters that would have a material effect on the Company's financial position or results of operations.

- Definition

The entire disclosure for commitments and contingencies.

+ References+ Details

Baristas Coffee Company, Inc. 10-Q