28. Subsequent Event |
6 Months Ended |
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Jun. 29, 2019 | |
Subsequent Events [Abstract] | |
Subsequent Events |
Note 28: Subsequent Events
Lawsuit – Trustee Main/270, LLC
On or about July 22, 2019, Trustee Main/270, LLC filed a lawsuit against ApplianceSmart, Inc. and ARCA in the Franklin County Common Pleas Court in Columbus, Ohio, alleging, with respect to ApplianceSmart, default under a lease agreement and, with respect to ARCA, guaranty of lease. The complaint seeks damages of $1,530,115, attorney fees, and other charges. ARCA is assessing all appropriate defenses to these allegations and intends to defend itself vigorously. |
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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