What changed in this filing

/stocks — the workspaceLOADING

Item 2. Properties

2022-04-01 compared with 2021-08-16 · 7 added, 53 removed, 0 unchanged (100% of the section changed)

April 25, 2018, we entered into an office sublease agreement (the “1500 Fourth Ave Sublease”) to sublease a portion of the

“master premises”

consisting of 7,457 rentable square feet of office space for our then-executive offices at 1500 Fourth

Avenue, Suite 200, Seattle, Washington 98101.

The 1500 Fourth Ave Sublease commenced on June 1, 2018 with an expiration date of October

The amount of monthly rent payable per square foot under the 1500 Fourth Ave Sublease was $25.95 for the first year, $35.00

for the second year, $36.00 for the third year, and $37.00 for the remainder of the term.

On March 1, 2020, we assumed the entire lease

for the remaining term of 20 months.

September 19, 2018, we entered into a membership agreement with WeWork for office space located at 995 Market Street, San Francisco,

The agreement commenced on October 1, 2018.

We paid approximately $17,400 per month, which included certain conference room

credits and printer credits.

We also paid a service retainer in the amount of $26,100.

We terminated our membership agreement effective

October 31, 2020.

December 12, 2018, as part of our acquisition of Say Media, we assumed the office lease (the “Portland Lease”) of 10,000

rentable square feet at 424 SW Fourth Avenue, Portland, Oregon 97204.

The Portland Lease began on July 1, 2015, and expired June 30,

Monthly lease payments increased from $18,750 in July 2015 to $27,500 in June 2020.

August 7, 2019, as part of its acquisition of TheStreet, we assumed the office lease of approximately 35,000 rentable square feet at

14 Wall Street, 15th Floor, New York, New York 10005.

The lease had a remaining term of 16 months, expiring on December 31, 2020.

lease payments from January 1, 2016 through December 31, 2020 were $150,396.

On October 30, 2020, we entered into a surrender agreement

(the “Surrender Agreement”) pursuant to which we effectively surrendered the property back to the owner and landlord.

to the Surrender Agreement, we agreed to pay $68,868 per month from January 2021 through June 1, 2022 to satisfy the total

outstanding balance of $1,239,626 owed to the lessor.

The first $500,000 of payments was drawn from a security deposit, which

is held by the lessor.

The lessor agreed not to charge any late fees, interest charges, or other penalties relating to the surrender

of the property.

October 1, 2019, we entered into an office lease (the “Santa Monica Lease”) of approximately 5,258 rentable square feet at

301 Arizona Avenue, 4th Floor, Santa Monica, California 90401.

The Santa Monica Lease has a term of 5 years, expiring on September 30,

The initial monthly rent was $36,806 and increased to $37,910 in October 2020.

October 3, 2019, we entered into a condominium lease (the “Washington Square Lease”) of a multifamily townhome at 26 Washington

Square North, New York, New York 10011.

The Washington Square Lease had a term of one year, expiring on October 2, 2020, with monthly

rent payments of $10,000.

This property was used by our executive officers when they were in New York for matters related to our business.

We terminated this lease in March 2020 when we entered into the 30 West Lease (as defined below).

January 14, 2020, we entered into an office sublease agreement (the “Liberty Street Sublease”) of approximately 40,868 rentable

square feet at 225 Liberty Street, 27th Floor, New York, New York 10281, with an effective date of February 1, 2020 with lease payments

commencing November 1, 2020 and expiring on November 30, 2032.

Monthly lease payments from November 1, 2020 through October 31, 2025

are $252,019.

March 1, 2020, we entered into a corporate apartment lease (the “30 West Lease”) at 30 West Street, New York, New York 10004.

The 30 West Lease has a term of 18 months, expiring on August 31, 2021, with monthly lease payments of $8,000 through February 2021 and

$8,500 from March 2021 through the expiration of the lease.

We terminated this lease in December 2020.

believe that the rates we are paying under our property leases are competitive in our various real estate markets, and we would be able

to find comparable lease properties in the event we changed locations.

fiscal 2021, we begun to re-evaluate our property leases and, to the extent feasible and in our best interests, either surrendered leased

properties to the landlord prior to the expiration of such leases, subleased the property, or decided to not renew certain leases.

of the end of fiscal 2021, we did not have any leases pursuant to which we occupied a physical property.

Instead, we intend to encourage

our work force to work remotely, provided, that it continues to be feasible to do so in the future.

To the extent we need to lease physical

properties in the future, we believe we would be able to find suitable properties at market rates.

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.

What changed 10-K

Item 2. Properties