−Removed: August 1, 2022, we moved our principal executive office from 420 Lexington Ave, New York, NY, 10170 to WeWork c/o GBS Inc., 142
−Removed: West, 57 th Street, 11 th Floor, New York, NY 10019, where we lease approximately 500 square feet of office space
−Removed: pursuant to a monthly lease.
−Removed: believe that we have adequate space for our anticipated needs and that suitable additional space will be available at commercially reasonable
−Removed: prices as needed.
+Added: Our company currently operates out of three strategically
+Added: located facilities, which cater to different aspects of our business:
+Added: Sydney, Australia:
+Added: We rent an office/warehouse
+Added: space of approximately 2,080 Sq foot.
+Added: Our office/warehouse facility serves three fundamentals purposes and is used in connection with
+Added: operations falling under both our IFPG and SGBP segments.
+Added: First, it provides dedicated office space for our administrative staff, who
+Added: are responsible for managing and overseeing the Company’s operations.
+Added: Second, the facility houses our new Australian sales and marketing team,
+Added: offering them both office and warehouse space.
+Added: Third, the location functions as a distribution hub for expanding sales across the Asia-Pacific
+Added: market, optimizing our logistics and reach in the region.
+Added: Cambridge, England:
+Added: We rent a multifunctional facility in the UK
+Added: consisting of approximately 11,500 Sq foot, which is integral to our global operations falling under our IFPG segment.
+Added: It houses office space,
+Added: a warehouse, research and development (R&D), and manufacturing capabilities, catering to the UK market and our global supply needs.
+Added: Currently, our manufacturing facility can produce up to 90,000 cartridges per month.
+Added: Our production rate stands at approximately 12,000
+Added: cartridges per month, providing ample room for growth in the coming years.
+Added: New York City, United States:
+Added: We have a small,
+Added: shared office space in New York that accommodates our two US employees, fostering closer collaboration and communication.
+Added: This location
+Added: provides a focal point for all our global operations and solidifies our presence and commitment to the US market.
+Added: We have no immediate plans to
+Added: upgrade or expand our facilities, given that they are currently adequately meeting our needs.
+Added: However, we are open to establishing permanent
+Added: offices for regional heads as required in the future, ensuring that we are well positioned to adapt and grow as our business evolves.
LEGAL PROCEEDINGS.
−Removed: time to time, we may be subject to legal proceedings and claims arising in the ordinary course of business.
−Removed: We are not currently engaged
−Removed: in any material legal proceedings.
+Added: From time to time, we may be subject to legal proceedings
+Added: and claims arising in the ordinary course of business.
+Added: We are not currently engaged in any material legal proceedings.
MINE SAFETY DISCLOSURES.
+Added: Not applicable.
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.