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Branch Relocation | 9 Months Ended
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Sep. 30, 2019
Branch Relocation |
Branch Relocation |
(11) | Branch Relocation. In June 2019, the Company entered into a sales contract to sell one of its branch locations. Also in June 2019, the Company entered into an operating lease agreement for the purpose of relocating the aforementioned branch. The Company has received regulatory approval for the branch relocation. The lease for the new location commenced during September 2019.
| The sale was completed in November 2019 for $1,400,000. The Company financed $1,050,000 of the total sales price. In connection with the sale, the Company recorded a loss in the consolidated statement of operations of $215,000 in November 2019.

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