−Removed: Our principal offices are located at 2399 Bateman
−Removed: Avenue, Duarte, CA 91010, which property is approximately 48,867 square feet and we lease at the rate of approximately $42,000 per month.
−Removed: This property serves as both our principal offices and our primary fulfillment center.
−Removed: We also lease
−Removed: approximately 99,347 square feet of space located at 8798 9th Street, Rancho Cucamonga, California, which space is used for the storage
−Removed: and distribution of hydroponic equipment, lighting and garden accessories, home products, pet products, other consumer products and other
−Removed: ancillary uses.
+Added: Our principal offices, which
+Added: also serve as a fulfillment center, are located at 8798 9 th Street, Rancho Cucamonga, California.
+Added: There we lease approximately
+Added: 99,347 square feet of space, which is used for the storage and distribution of hydroponic equipment, lighting and garden accessories,
+Added: home products, pet products, other consumer products and other ancillary uses.
The term of the Rancho Cucamonga lease is for 74 months.
−Removed: The lease commencement date is February 10, 2022, the
−Removed: rent commencement date is May 11, 2022 and the expiration date is May 31, 2028.
−Removed: The base rental fee is $114,249 to $140,079 per month
−Removed: through the expiration date, May 31, 2028.
+Added: The lease commencement date is February 10, 2022, the rent commencement date is May 11, 2022 and the expiration date is May 31,
+Added: The base rental fee is $114,249 to $140,079 per month through the expiration date, May 31, 2028.
+Added: In addition, we lease a fulfilment
+Added: center at 2397 Bateman Avenue, Duarte, CA 91010, which consists of approximately 49,500 square feet of space, with a base rental fee of
+Added: $56,000 to $59,410 per month.
+Added: The term of this lease runs from May 1, 2022 through April 30, 2025.
+Added: We also entered into a lease
+Added: agreement for 2399 Bateman Avenue, Duarte, CA 91010, which property is approximately 48,867 square feet and we lease at the rate of approximately
+Added: $42,000 per month.
+Added: This property previously served as both our principal offices as well as our primary fulfillment center.
+Added: expires on December 31, 2023 and we do not currently plan to renew it.
In addition to our primary
−Removed: fulfillment centers in Duarte and Rancho Cucamonga, we maintain a 22,700 square foot fulfillment center located at 14750 E.
+Added: fulfillment centers in Rancho Cucamonga and Duarte, we maintain a 22,700 square foot fulfillment center located at 14750 E.
Nelson Avenue,
Unit #I, Industry City, CA 91744, which we have leased at the rate of approximately $28,000 per month since September 2020.
−Removed: On February 15, 2022, upon
−Removed: completion of the acquisition of Anivia Limited, the Company assumed operating lease of offices in People’s Republic of China.
−Removed: On May 1, 2022, the Company
−Removed: leased another fulfillment center at 2397 Bateman Avenue, Duarte, CA 91010, which is approximately 49,500 square feet.
−Removed: The base rental
−Removed: fee is $56,000 to $59,410 per month through April 30, 2025.
+Added: expires on October 31, 2023 and we do not plan to renew it.
+Added: On February 15, 2022, upon completion of the acquisition of Anivia, the Company
+Added: assumed an operating lease of offices in the PRC.
+Added: The office space in the PRC is located in Shenzhen and the term of this lease expires
+Added: in July of 2026.
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.