ZANE » Topics » Deferred Rent

This excerpt taken from the ZANE 10-K filed Mar 31, 2009.

Deferred Rent

Rent expenses related to operating leases where scheduled rent increases exist is determined by expensing the total amount of rent due over the life of the operating lease on a straight-line basis. The difference between the rent paid under the terms of the lease and the rent expensed on a straight-line basis is recorded as a liability. The non-current portion of deferred rent at December 31, 2008 and 2007 was $70,000 and $66,000, respectively, and is included in other liabilities on the Consolidated Balance Sheets. The current portion of deferred rent at December 31, 2008 and 2007 was $3,600 and $21,729, respectively, and is included in other current liabilities on the Consolidated Balance Sheets.

This excerpt taken from the ZANE 10-K filed Mar 31, 2008.

Deferred Rent

Rent expenses related to operating leases where scheduled rent increases exist is determined by expensing the total amount of rent due over the life of the operating lease on a straight-line basis. The difference between the rent paid under the terms of the lease and the rent expensed on a straight-line basis is recorded as a liability. The non-current portion of deferred rent at December 31, 2007 and 2006 was $66,000 and $88,000, respectively, and is included in other liabilities on the Consolidated Balance Sheets. The current portion of deferred rent at December 31, 2007 and 2006 was $42,720 and $8,954, respectively, and is included in accrued expenses on the Consolidated Balance Sheets.

EXCERPTS ON THIS PAGE:

10-K
Mar 31, 2009
10-K
Mar 31, 2008

"Deferred Rent" elsewhere:

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