−Removed: principal executive office is located at 27 Castilian Dr., Goleta, California.
−Removed: Effective February 22, 2021, we entered into a triple-net
−Removed: lease agreement with SBR Associates LP for the commercial building at 27 Castilian Dr.
−Removed: Goleta, California for a term of five years, which
−Removed: began on April 1, 2021.
−Removed: The current rent for this property is $14,014 per
−Removed: month, with a CPI escalation over the initial base rent over the term of the lease.
−Removed: The lease expires on March 31, 2026, with the option
−Removed: to renew the lease with reasonable notice for two 60 months periods.
+Added: Our principal executive office is located at 27 Castilian Dr., Goleta,
+Added: Effective February 22, 2021, we entered into a triple-net lease agreement with SBR Associates LP for the commercial building
+Added: at 27 Castilian Dr.
+Added: Goleta, California for a term of five years, which began on April 1, 2021.
+Added: The current rent for this property is $14
+Added: thousand per month, with a CPI escalation over the initial base rent over the term of the lease.
+Added: The lease expires on March 31, 2026,
+Added: with the option to renew the lease with reasonable notice for two 60-month periods.
+Added: On June 6, 2025, the Company entered into a
+Added: lease agreement for additional corporate office space in Goleta, California.
+Added: The lease was cancellable unless we met certain
+Added: conditions were met by the lessor.
+Added: On September 5, 2025, those conditions were met and the lease became non-cancellable.
+Added: has a term of 5 years commencing in September 2025, with a total lease commitment of approximately $476 thousand.
+Added: The Company is
+Added: currently evaluating the accounting impact of this agreement under ASC 842, Leases.
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.