−Removed: During the fourth quarter of 2021, we amended our lease agreement for the Redmond, Washington headquarters facility, extending the lease to January 31, 2026.
−Removed: The lease is for approximately 20,460 square feet.
−Removed: The lease base annual rental payments during 2022 and 2021 were approximately $331,000 and $372,000, respectively.
−Removed: In addition to the Redmond facility, approximately 24,000 square feet is leased at two foreign locations, including our sales, service, operations and engineering office located in Shanghai, China, and our German sales, service and engineering office located near Munich, Germany.
−Removed: In April 2021, we signed a lease extension for our facility located in Shanghai, China, effective November 1, 2021, that extends the lease through October 31, 2024.
−Removed: This lease is for approximately 19,400 square feet.
−Removed: The lease base annual rental payments during 2022 and 2021 were approximately $314,000 and $317,000, respectively.
−Removed: In March of 2022, we entered into a lease extension through 2027 for our facility located near Munich, Germany.
−Removed: This lease is for approximately 4,895 square feet.
−Removed: The lease base annual rental payments during 2022 and 2021 were approximately $62,000 and $58,000, respectively.
+Added: The company has three facilities with our headquarters and primary engineering and operational functions located in Redmond, Washington.
+Added: Our two subsidiary facilities in Munich, Germany and Shanghai, China provide extended worldwide sales, service, engineering and operations services.
+Added: The total annual gross or base lease payments during 2023 and 2022 were approximately $823,000 and $713,000, respectively.
+Added: The lease payment increase in 2023 was due primarily to lease abatement incentives for lease renewals in 2022 and standard rate increase in 2023.
+Added: The Redmond, Washington headquarters facility lease runs to January 31, 2026 at approximately 20,460 square feet.
+Added: The lease for the facility located in Shanghai, China runs to October 31, 2024 at approximately 19,400 square feet.
+Added: The lease for the facility located near Munich, Germany runs to August 2027 at approximately 4,895 square feet.
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.