−Removed: Our principal offices are
−Removed: located at 2399 Bateman Avenue, Duarte, CA 91010, which property is approximately 48,867 square feet and we lease at the rate of approximately
−Removed: $46,000 per month.
+Added: Our principal offices are located at 2399 Bateman
+Added: Avenue, Duarte, CA 91010, which property is approximately 48,867 square feet and we lease at the rate of approximately $42,000 per month.
This property serves as both our principal offices and our primary fulfillment center.
−Removed: In addition to our primary
−Removed: fulfillment center in Duarte, we maintain a 22,700 square foot fulfillment center located at 14750 E.
−Removed: Nelson Avenue, Unit #I, Industry
−Removed: City, CA 91744, which we have leased at the rate of approximately $28,000 per month since September 2020.
−Removed: We also recently entered into
−Removed: an agreement to lease approximately 99,347 square feet of space located at 8798 9th Street, Rancho
−Removed: Cucamonga, California, which space we anticipate using for the storage and distribution of hydroponic equipment, lighting and garden accessories,
−Removed: home products, pet products, other consumer products and other ancillary uses.
+Added: We also lease
+Added: approximately 99,347 square feet of space located at 8798 9th Street, Rancho Cucamonga, California, which space is used for the storage
+Added: and distribution of hydroponic equipment, lighting and garden accessories, home products, pet products, other consumer products and other
+Added: ancillary uses.
The term of the Rancho Cucamonga lease is for 74 months.
−Removed: with an initial monthly rental rate of approximately $114,000 commencing on the date on which the landlord completes certain proscribed
−Removed: improvements on the property, which we anticipate will be on or before November 15, 2021.
+Added: The lease commencement date is February 10, 2022, the
+Added: rent commencement date is May 11, 2022 and the expiration date is May 31, 2028.
+Added: The base rental fee is $114,249 to $140,079 per month
+Added: through the expiration date, May 31, 2028.
+Added: In addition to our primary
+Added: fulfillment centers in Duarte and Rancho Cucamonga, we maintain a 22,700 square foot fulfillment center located at 14750 E.
+Added: Nelson Avenue,
+Added: Unit #I, Industry City, CA 91744, which we have leased at the rate of approximately $28,000 per month since September 2020.
+Added: On February 15, 2022, upon
+Added: completion of the acquisition of Anivia Limited, the Company assumed operating lease of offices in People’s Republic of China.
+Added: On May 1, 2022, the Company
+Added: leased another fulfillment center at 2397 Bateman Avenue, Duarte, CA 91010, which is approximately 49,500 square feet.
+Added: The base rental
+Added: fee is $56,000 to $59,410 per month through April 30, 2025.
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.