−Removed: Until November 2024, the Company’s executive
−Removed: offices were located in Pompano Beach, Florida.
−Removed: The Company moved its facilities to Davie, Florida where it leases 19,065 square feet
−Removed: of production, warehouse, showroom and office space.
−Removed: under a 45 month sub-lease which commenced on November 1, 2024.
−Removed: The lease provides
−Removed: for an initial base monthly rent of $26,000 through September 30, 2025 and$31,000 thereafter for the balance of the term.
−Removed: has agreed to a monthly rent abatement of $3,639 per month through October 2026.
−Removed: The lease is considered a triple-net lease and is subject
−Removed: to “additional rent” which is comprised of the landlord’s operating costs, real estate taxes and insurance in accordance
−Removed: with the terms of the master lease.
−Removed: The Company paid a security deposit of $26,000 upon entering the sub-lease agreement.
+Added: November 2024, the Company’s executive offices were located in Pompano Beach, Florida.
+Added: The Company moved its facilities to
+Added: Davie, Florida where it leases 19,065 square feet of production, warehouse, showroom and office space under a 45 month sub-lease
+Added: which commenced on November 1, 2024.
+Added: The lease provides for an initial base monthly rent of $26,000 through September 30, 2025 and
+Added: $31,000 thereafter for the balance of the term.
+Added: The landlord has agreed to a monthly rent abatement of $3,639 per month through
+Added: October 2026.
+Added: The lease is considered a triple-net lease and is subject to “additional rent” which is comprised of the
+Added: landlord’s operating costs, real estate taxes and insurance in accordance with the terms of the master lease.
+Added: The Company paid
+Added: a security deposit of $26,000 upon entering the sub-lease agreement.
Beach, California
+Added: The Company’s
Huntington Beach, California facility is comprised of a leased 13,000 square foot free standing building of which the bulk of the square
9 unchanged sentences
The Company paid an additional security deposit of $10,727 upon entering into the lease.
−Removed: September 30, 2022, SSI entered into a sublease of its facility in Huntington Beach, California with Camburg Engineering,
−Removed: Inc.(“Tenant”).
−Removed: The term of the sublease is through December 31, 2023 with a base monthly rent of $2,247 for the first
−Removed: twelve months and 3% annual escalation thereafter.
+Added: September 30, 2022, SSI entered into a sublease of its facility in Huntington Beach, California with Camburg Engineering, Inc.(“Tenant”).
+Added: The term of the sublease is through December 31, 2023 with a base monthly rent of $2,247 for the first twelve months and 3% annual escalation
The Tenant also pays a monthly common area maintenance of $112.
−Removed: Tenant provided a security deposit of $2,426 upon entering into the sublease.
−Removed: This sub-lease continues on a month to month
+Added: The Tenant provided a security deposit of $2,426 upon entering
+Added: into the sublease.
+Added: Currently, this sub-lease is continuing on a month to month basis.
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.