−Removed: As of December 31, 2022, we lease approximately 51,000 square feet of manufacturing and office space at our corporate headquarters in Goleta, California under a lease that expires in March 2030;
+Added: As of December 31, 2023, we lease approximately 18,000 square feet of office space at our corporate headquarters in Goleta, California under a lease that expires in January 2028;
approximately 154,000 square feet of manufacturing and office space in Plano, Texas under a lease that expires in April 2031;
2 unchanged sentences
Huntsville, Alabama;
−Removed: Aurora, Colorado;
−Removed: and Breukelen in the Netherlands with lease terms of 3 years.
−Removed: We also own land and office space in Manitowoc, Wisconsin.
+Added: and Aurora, Colorado with lease terms of 3 years;
+Added: De Meern in the Netherlands with a lease term of 5 years;
+Added: and approximately 4,300 square feet of office and warehouse space in Montpellier, France under leases that expire in June 2029 and October 2032.
We believe that our existing facilities are adequate to meet our current business requirements and that if additional space is required, it will be available on commercially reasonable terms.
In addition, we believe that our properties are in good condition and are adequate and suitable for their intended purposes.
+Added: We lease approximately 51,000 square feet of manufacturing and office space in Goleta, California under a lease that expires in March 2030.
+Added: In July 2023, we entered into an Assignment and Assumption of Lease Agreement in which a third party (Assignee) assumed the rights, title, and interest in the lease, including assumption of lease payments.
+Added: Commencing February 1, 2024 and ending May 31, 2031, the Assignee assumes responsibility for the monthly lease payments.
+Added: Notwithstanding the Assignee's assumption of lease payments, we remain the primary obligor under the lease to the landlord.
LEGAL PROCEEDI NGS
−Removed: Civil investigative demand
−Removed: On June 21, 2022, the Company received a civil investigative demand (CID) from the United States Attorney’s Office for the Northern District of Iowa.
−Removed: The CID states that it was issued in a False Claims Act investigation to determine whether there is or has been a violation of the False Claims Act and that the investigation involves concerns of inappropriate kickbacks provided by certain manufacturers of portable oxygen concentrators and related products in violation of the Anti-Kickback Statute.
−Removed: The CID followed informal requests from the United States Attorney’s Office for the Northern District of Iowa begun in late 2020, with which the Company voluntarily complied, to obtain information concerning the Company’s participation in (i) zero-interest or below market-rate loans through a third party lender to finance customer purchases;
−Removed: (ii) guaranteeing the obligation of a customer to a finance company in connection with financing of purchases of Company equipment;
−Removed: and (iii) entering into an agreement with a customer that included marketing, exclusivity, discount, and favorable financing terms.
−Removed: The Company is cooperating in the investigation.
−Removed: The Company is currently unable to predict the outcome of this investigation or whether qui tam or other litigation is probable.
−Removed: Regardless of the outcome, this inquiry has the potential to have an adverse impact on the Company due to any related defense and settlement costs, diversion of management resources, and other factors.
−Removed: Other litigation
−Removed: The Company is party to various legal proceedings arising in the normal course of business.
−Removed: The Company carries insurance, subject to specified deductibles under the policies, to protect against losses from certain types of legal claims.
−Removed: At this time, the Company does not anticipate that any of these other proceedings arising in the normal course of business will have a material adverse effect on the Company’s business.
−Removed: Regardless of the outcome, litigation can have an adverse impact on the Company because of defense and settlement costs, diversion of management resources, and other factors.
+Added: We are party to various legal proceedings and investigations arising in the normal course of business.
+Added: We carry insurance, subject to specified deductibles under the policies, to protect against losses from certain types of legal claims.
+Added: At this time, we do not anticipate that any of these other proceedings arising in the normal course of business will have a material adverse effect on our business.
+Added: Regardless of the outcome, litigation can have an adverse impact us because of defense and settlement costs, diversion of management resources, and other factors.
MINE SAFETY DISCLOSURES
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.