2 unchanged sentences
The purchase price of the property was $770,000 and was financed in part by a five year mortgage in the amount of $546,000.
−Removed: In March 2018, the remaining balance under this mortgage was extended to February 28, 2023.
+Added: In March 2018, the remaining balance under this mortgage was extended to May 27, 2023.
The company relocated all of its Florida-based office and warehouse facilities into this facility on July 15, 2013.
6 unchanged sentences
the additional $80,000 was used for refrigeration and other improvements at the property.
−Removed: The interest on the loan is at the LIBOR rate plus 3.0%.
+Added: The interest on the loan is at the WSJP rate plus 1.25%.
The building is used for office and warehouse space primarily for the Company’s Artisan subsidiary.
We have also recently completed an additional property improvement and upgrade buildout at the Artisan building which include a fully functional commercial test kitchen and training center and conference room.
−Removed: The test kitchen and training room will be used by Artisan and other subsidiaries of the Company for the purposes of new product testing and development and approval, Quality Assurance and Quality Control as well as sales presentations and customer demonstrations.
+Added: The test kitchen and training room will be used by Artisan and other subsidiaries of the Company for the purposes of new product testing, development and approval, Quality Assurance and Quality Control as well as sales presentations and customer demonstrations.
In addition, we recently added a packaging room to the Artisan building, which is built to FDA, FSMA and SQF food safety standards and purchased new, technologically advanced semi-automated fillers for the packaging room.
1 unchanged sentence
The test kitchen, packaging room and additional improvements were financed by a loan from Fifth Third Bank.
+Added: On June 6, 2022, this loan was transferred to MapleMark Bank.
On November 8, 2019 the Company, through a newly formed wholly-owned subsidiary, purchased a logistics and warehouse facility (the “Facility”) for $4.5 million.
4 unchanged sentences
the lender was Fifth Third Bank and the loan is secured by a mortgage on the property and other Company assets.
−Removed: The interest on the loan is LIBOR plus 2.75%, with interest only payments due through September 30, 2020, thereafter with principal amortized over 20 years and maturity on September 2, 2025.
+Added: The interest on the loan is WSJP rate plus 1.25%, with interest only payments due through June 30, 2024.
Related to Facility purchase, the Company also acquired certain leases from certain tenants of the Facility, all of which were in good standing at the time of purchase.
+Added: On June 6, 2022, this loan was transferred to MapleMark Bank.
On October 5, 2020, the Company completed work to upgrade the Facility at a cost of $2,231,458 in order to better support the Company’s focus on e-commerce and logistics.
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.