−Removed: We currently operate
−Removed: a facility near Princeton, New Jersey with approximately 19,920 sq.
−Removed: ft., housing research laboratories, manufacturing operations
−Removed: and clinical and administrative offices, under a lease agreement which expires in May 2020, and contains a provision allowing us
−Removed: to renew the lease for another year.
+Added: We currently operate a facility near Princeton, New Jersey with approximately 20,820 sq.
+Added: ft., housing research laboratories, manufacturing operations and clinical and administrative offices, under a lease agreement which expires in May 2021, and contains a provision allowing us to renew the lease for another year.
We expect to secure new, expanded facilities in the future.
−Removed: In the opinion of management,
−Removed: the leased properties are adequately insured, are in good condition and suitable for the conduct of our business.
−Removed: We also collaborate
−Removed: with numerous institutions, universities and commercial entities who conduct research and testing of our products at their facilities.
−Removed: Our monthly base rent as of February 2020 is approximately $32,400 and additionally we reimburse the landlord for monthly operating
−Removed: expenses of approximately $28,600.
−Removed: We also operate a facility
−Removed: in Berlin, Germany housing our sales and administrative offices and warehouse space.
−Removed: We entered into a lease for this office on
−Removed: September 1, 2016.
+Added: In the opinion of management, the leased properties are adequately insured, are in good condition and suitable for the conduct of our business.
+Added: We also collaborate with numerous institutions, universities and commercial entities who conduct research and testing of our products at their facilities.
+Added: Our monthly base rent as of February 2021 is approximately $33,600 and additionally we reimburse the landlord for monthly operating expenses of approximately $29,700.
+Added: We also operate a facility in Berlin, Germany housing our sales and administrative offices and warehouse space.
+Added: We entered into a lease for this office on September 1, 2016.
The lease expires on August 31, 2021.
We rent this space for approximately $9,000 per month.
+Added: In January 2021, we entered to a lease for additional warehouse space in Germany.
+Added: The lease commences on April 1, 2021, requires monthly payments of base rent of approximately $7,900 and has a term of five years.
+Added: The lease also has an option to extend the lease term for an additional five years.
Legal Proceedings.
−Removed: We are from time to
−Removed: time subject to claims and litigation arising in the ordinary course of business.
−Removed: We intend to defend vigorously against any future
−Removed: claims and litigation.
+Added: We are from time to time subject to claims and litigation arising in the ordinary course of business.
+Added: We intend to defend vigorously against any future claims and litigation.
We are not currently a party to any legal proceedings.
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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.