This is Pete Moore. I am back from Integrity Square. Two minute drill. We are under exclusivity in our sale process of Project Willow. What's about to happen next is a full review of all the sellers documents.
Full legal team on both sides going back and forth on information and what is called in finance a Q of E. What a Q of E is is a quality of earnings or forensic accounting review of the financials that have been provided by Integrity Square on behalf of the seller that are now checked by an independent accounting firm. That firm is trying to confirm that everything that we put down there actually happened in the business. In addition to that, they're going to question our
EBITDA adjustments. So if there was a fire at a club last month and that cost me $150,000 against my expenses and lowered my income, Integrity Square has advised the seller that that is a one time occurrence, or what we like to call an extraordinary event. Extraordinary events are added back to raise our ebitda and that is typically the metric that buyers are looking to focus on in order to ensure the multiple that they're paying off of EBITDA is off of an EBITDA that they believe in is
achievable. Now what they say about one time extraordinary events is that they're typically recurring in different ways. So as we went through recurring before, these are expenses that we don't want to have recurring and convince a buyer to not tax us or charge us for that ebitda.