−Removed: corporate and executive offices are located in a leased facility in 136-40 39 th Avenue, Flushing, NY 11354, where
−Removed: we lease approximately 2,500 square feet of under a lease that is due to expire on October 31, 2024 at a current annual rent
−Removed: of approximately $0.3 million .
−Removed: In addition, we lease a warehouse in Maspeth,
−Removed: New York, where we assemble all of our vehicles.
−Removed: The warehouse, which is approximately 52,264 square feet, is under one lease that
−Removed: is due to expire on April 30, 2029, at a current annual rent of approximately $1.2 million .
−Removed: We believe our facilities are sufficient to meet
−Removed: our needs in the near term, as we expand our operations, we may require additional space in which to assemble our vehicles and we do not
−Removed: have any commitments for such space.
+Added: Our corporate and executive
+Added: offices that we own are located in 136-40 39 th Avenue, Suite 202, Flushing, NY 11354, encumbered by debt.
+Added: In addition, we
+Added: lease a warehouse in Maspeth, New York, where we assemble all of our vehicles.
+Added: The warehouse, which is approximately 52,264 square feet,
+Added: is under one lease that is due to expire on April 30, 2029, at a current annual rent of approximately $1.2 million.
+Added: We believe our facilities
+Added: are sufficient to meet our needs in the near term, as we expand our operations, we may require additional space in which to assemble
+Added: our vehicles and we do not have any commitments for such space.
All of our retail stores are leased.
−Removed: For the year ended March 31, 2024 and 2023, we paid an aggregate
−Removed: of $2.4 million and $1.7 million, respectively, for the spaces used for retail stores.
−Removed: AOFL LLC, a wholly owned subsidiary of the Company, entered into a
−Removed: purchase agreement to purchase a property to be used as an office, located at 136-40 39 th Avenue, Flushing, New York, for a
−Removed: total purchase price of approximately $3.6 million.
−Removed: The closing is expected to occur in the third quarter of 2024.
+Added: For the year ended March 31, 2025
+Added: and 2024, we paid an aggregate of $2.9 million and $2.4 million, respectively, for the spaces used for retail stores.
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.