2 unchanged sentences
The total annual gross or base lease payments during 2024 and 2023 were approximately $795,000 and $823,000, respectively.
−Removed: The lease payment increase in 2023 was due primarily to lease abatement incentives for lease renewals in 2022 and standard rate increase in 2023.
−Removed: The Redmond, Washington headquarters facility lease runs to January 31, 2026 at approximately 20,460 square feet.
+Added: The lease payment decrease in 2024 was due primarily to a reduction in lease rates for our Redmond, Washington and Shanghai, China facilities.
+Added: The lower rates reflect the real estate market conditions as part of the lease extensions which occurred in the fourth quarter of 2024.
+Added: The Redmond lease was renewed and extended by 3.75 years and the Shanghai, China lease was renewed and extended by 3 years.
+Added: The Redmond, Washington headquarters facility lease runs to October 31, 2029, at approximately 20,460 square feet.
The lease for the facility located in Shanghai, China runs to October 31, 2027, at approximately 19,400 square feet.
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.