−Removed: The Company leases its office facilities.
−Removed: At May 31, 2021, the Company had approximately 22,000 square feet of floor space at its corporate headquarters at 17571 Von Karman Avenue in Irvine, California, 92614 which it has been leasing since 2009.
+Added: The Company leases its facilities.
+Added: On May 31, 2022, the Company had approximately 22,000 square feet of floor space at its corporate headquarters at 17571 Von Karman Avenue in Irvine, California, 92614 which it has been leasing since 2009.
The lease for its headquarters expired on August 31, 2016.
3 unchanged sentences
When the Company extended its lease in April 2021, it was also granted an additional five- year lease extension option.
−Removed: The initial base rent for the lease extension was $21,000 per month, increasing to $23,637 through August 31, 2021.
−Removed: The rent is currently $23,637 per month and will increase on September 1, 2021 to $25,213 per month.
−Removed: The security deposit of $22,080 remains the same.
−Removed: In November 2016, the Company’s Mexican subsidiary, Biomerica de Mexico, entered into a 10-year lease for approximately 8,100 square feet of manufacturing space with initial base rent of $2,926 per month.
+Added: The current rent is approximately $25,000 per month and will increase on September 1, 2022, to $26,000 per month.
+Added: The security deposit is approximately $22,000.
+Added: In November 2016, the Company’s Mexican subsidiary, Biomerica de Mexico, entered into a 10-year lease for approximately 8,100 square feet of manufacturing space located in Mexicali, Mexico.
The Company has one 10-year option to renew at the end of the initial lease period.
−Removed: The rent is currently $3,262 per month.
+Added: The current rent is approximately $3,400 per month.
Biomerica de Mexico also leases a smaller unit on a month-to-month basis for use in one manufacturing process.
1 unchanged sentence
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.