−Removed: We lease approximately
−Removed: 2,800 square feet in West Palm Beach, Florida for our executive offices, which we rent under a lease agreement scheduled to expire
−Removed: in September 2020.
−Removed: The lease has annual escalations;
−Removed: rent payments were approximately $7,000 per month during Fiscal 2019.
−Removed: We lease approximately
−Removed: 14,000 square feet in Hauppauge, New York for IPS, which we rent under a lease agreement scheduled to expire in 2027.
−Removed: has annual escalations;
−Removed: rent payments were approximately $28,000 per month during Fiscal 2019.
−Removed: We lease approximately
−Removed: 3,000 square feet in Ronkonkoma, New York for IPS, which we rent under a lease agreement scheduled to expire in 2022.
−Removed: has annual escalations;
−Removed: rent payments were approximately $4,400 per month during Fiscal 2019.
−Removed: We sublease approximately
−Removed: 1,300 square feet of office space in Cham, Switzerland, on a month-to-month basis, at the rate of $1,700 per month, from a tenant
−Removed: at the same location.
−Removed: We use this office as our EMEA Region headquarters from which we coordinate our sales and sales support activities
−Removed: throughout the EMEA Region.
−Removed: We believe that each
−Removed: of the foregoing leased properties is adequate for the purposes for which it is used.
+Added: The Company leases
+Added: all of its properties where its business is operated.
+Added: We believe that these properties are adequate for the purposes for which
+Added: they are used.
All leases are with unaffiliated third parties.
−Removed: We believe that the loss of any lease would not have a material adverse effect on our operations, as we believe that we could identify
−Removed: and lease comparable facilities upon approximately equivalent terms.
+Added: We believe that the loss of any lease would not have a material
+Added: adverse effect on our operations, as we believe that we could identify and lease comparable facilities upon approximately equivalent
+Added: The following properties which are material to the Company’s business are described below:
+Added: We lease 14,000 square
+Added: feet in Hauppauge, New York for our executive offices and IPS, which we rent under a lease agreement scheduled to expire in 2027.
+Added: The lease has annual escalations;
+Added: rent payments were $29,000 per month during Fiscal 2020.
+Added: We lease 46,000 square
+Added: feet in Coon Rapids, Minnesota for Kablooe, which we rent under a lease agreement schedule to expire in June 2021.
+Added: Rent payments
+Added: were $9,200 per month during Fiscal 2020.
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.