1 unchanged sentence
located in Buford, Georgia, under a lease that expires on September 30, 2025.
−Removed: The annual total rent payment was $128,000 in 2023 and
−Removed: $124,000 in 2022.
−Removed: For 2024, the annual total rent payment will be $129,000.
−Removed: OmniMetrix is currently utilizing only a portion of these
−Removed: leased facilities and expects to grow into a portion of the currently unused space.
+Added: We are currently considering new office space while also
+Added: discussing potential renewal terms with our landlord.
+Added: The annual total rent payment was $129,000 in 2024 and $128,000 in 2023.
+Added: the annual total rent payment will be $98,000 for the period through September 30, 2025.
+Added: OmniMetrix is currently utilizing only a portion
+Added: of these leased facilities.
+Added: If we renew this lease, we expect to grow into a portion of the currently unused space.
July 6, 2021, the Company entered into an agreement with King Industrial Realty, Inc.
2 unchanged sentences
was $2,465), which includes the base rent plus a pro-rata share of utilities, property taxes and insurance.
−Removed: Fifty percent of any
−Removed: excess rent received above the per square foot amount that the Company pays will be remitted to the Company’s landlord less
−Removed: the allocation of any shared expenses and leasehold improvements specific to the sublease.
−Removed: As of December 31, 2023, after the offset
−Removed: of the investment in leasehold improvements and other expenses related to the sublease, the Company owes its landlord $6,500 for its
−Removed: share of the sublease profit since the lease commencement.
−Removed: The estimated amount the Company expects to remit to the landlord each
−Removed: year of the sublease subsequent to December 31, 2023 is $6,500 per year.
−Removed: The sublease commenced on October 1, 2021 and will run
−Removed: through September 30, 2025 which is the end of the Company’s lease term with its landlord.
−Removed: Below are the future payments
−Removed: expected under the sublease net of the estimated annual service cost of $2,750 (gross of the estimated amount we expect to remit to
−Removed: our landlord):
+Added: Fifty percent of any excess
+Added: rent received above the per square foot amount that the Company pays will be remitted to the Company’s landlord less the allocation
+Added: of any shared expenses and leasehold improvements specific to the sublease.
+Added: As of December 31, 2024, after the offset of the investment
+Added: in leasehold improvements and other expenses related to the sublease, the Company has paid its landlord $16,000 for its share of the
+Added: sublease profit since the lease commencement.
+Added: The estimated amount the Company expects to remit to the landlord each year of the sublease
+Added: subsequent to December 31, 2024 is $7,000 per year.
+Added: The sublease commenced on October 1, 2021 and will run through September 30, 2025
+Added: which is the end of the Company’s lease term with its landlord.
+Added: Below are the future payments expected under the sublease net of
+Added: the estimated annual service cost of $2,750 (gross of the estimated amount we expect to remit to our landlord):
+Added: Year ended December 31, 2025
Total undiscounted cash flows
2 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.