−Removed: Pompano Beach, Florida facilities are comprised of two adjoining properties totaling approximately 16,566 square feet of leased
−Removed: space the bulk of which is factory and warehouse space.
−Removed: Terms of the initial lease covering approximately 8,541 square feet included
−Removed: a 37-month term commencing on September 1, 2014;
−Removed: payment of $5,367 security deposit;
−Removed: base rent of approximately $4,000 per month
−Removed: over the term of the lease plus sales tax;
−Removed: and payment of 10.76% of annual operating expenses (i.e., common areas maintenance),
−Removed: subject to periodic adjustment.
−Removed: On December 1, 2016, we entered into an amendment to the initial lease agreement, commencing on
−Removed: October 1, 2017, extending the term for an additional 84 months, expiring September 30, 2024.
−Removed: The base rent was increased to $4,626
−Removed: per month with a 3% annual escalation throughout the amended term.
−Removed: November 11, 2018, the Company entered a new lease agreement for an additional 8,025 square feet adjoining its existing facility in Pompano
−Removed: Beach, Florida.
−Removed: Terms of the new lease include a 69-month term;
−Removed: a $6,527 security deposit;
−Removed: initial base rent of approximately $4,848
−Removed: per month escalating at 3% per year during the term of the lease plus Florida state sales tax and payment of 10.11% of the building’s
−Removed: annual operating expenses (i.e., common area maintenance) subject to adjustment as provided in the lease.
−Removed: believe that the facilities are suitable for their intended purpose, are being efficiently utilized and provide adequate capacity
−Removed: to meet demand for the foreseeable future.
−Removed: time to time the Company is subject to legal proceedings, claims and litigation arising in the ordinary course of business, including
−Removed: matters relating to product liability claims.
−Removed: Currently, the Company is not subject to any legal proceedings.
−Removed: Safety Disclosure.
−Removed: applicable to our company.
+Added: Pompano Beach, Florida facilities are comprised of two adjoining properties totaling approximately 16,566 square feet of leased space
+Added: the bulk of which is factory and warehouse space.
+Added: The initial 37-month lease covering approximately 8,541 square feet commenced on September
+Added: The lease provided for payment of a $5,367 security deposit, base rent of approximately $4,000 per month over the term of the
+Added: lease plus sales tax, and payment of 10.76% of annual operating expenses for common areas maintenance, subject to periodic adjustment.
+Added: On December 1, 2016, we entered into an amendment to the initial lease agreement, commencing on October 1, 2017, which extended the term
+Added: of the lease for an additional 84 months, expiring September 30, 2024.
+Added: The base rent was increased to $4,626 per month with a 3% annual
+Added: escalation throughout the amended term.
+Added: November 11, 2018, the Company entered a new 69-month lease agreement for an additional 8,025 square feet adjoining its existing facility
+Added: in Pompano Beach, Florida.
+Added: The new lease provided for a $6,527 security deposit, an initial base rent of approximately $4,848 per month
+Added: escalating at 3% per year during the term of the lease plus Florida state sales tax and payment of 10.11% of the building’s annual
+Added: operating expenses for common area maintenance, subject to adjustment as provided in the lease.
+Added: Beach, California
+Added: Huntington Beach, California facility is comprised of a leased 13,000 square foot free standing building of which the bulk of the square
+Added: footage is warehouse and manufacturing space.
+Added: The initial lease, signed in January, 2013 was for five years with a base rent of $7,410.
+Added: January 4, 2018, the Company entered into a sixty-one month term lease renewal for its facility in Huntington Beach, California, commencing
+Added: on February 1, 2018.
+Added: Base rent is approximately $9,300 per month for the first 12 months with a 2.5% annual escalation throughout the
+Added: The Company paid a security deposit of $8,450 with the initial lease that the landlord continues to hold.
+Added: believe that the facilities are suitable for their intended purpose, are being efficiently utilized and provide adequate capacity to
+Added: meet demand for the foreseeable future.
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.