−Removed: Our principal place of business is located at
−Removed: 80 SW 8 th St.
−Removed: Suite 2000, Miami, Florida, 33130, which is an executive virtual office.
−Removed: This location consists of approximately
−Removed: 1,000 square feet of office and conference room space.
−Removed: The relevant lease expired March 1, 2014, but we have reverted to a month to month
−Removed: We pay a monthly rent of $223.
−Removed: We do not anticipate that we will need to expand the office facility for the next 12 months.
−Removed: As of December 31, 2020 and 2019, the Company
−Removed: had four operating store locations.
+Added: Our principal place of business is a virtual office
+Added: located at 80 SW 8 th St.
+Added: Suite 2000, Miami, Florida, 33130 consisting of approximately 1,000 square feet of office and conference
+Added: room space, which we lease on a month-to-month basis for $223 per month.
+Added: We believe this facility is adequate for our current needs.
+Added: As of December 31, 2021 the Company had three operating restaurants.
The Company leases these spaces based upon the following schedules:
−Removed: Kisses From Italy 9 th LLC based in Fort Lauderdale, Fl.
−Removed: leases approximately 990 square feet of space at a cost of $2,650 per month through the period ended July 31, 2018.
−Removed: Beginning on August 1, 2018 the rent increased to $5,773 per month for eight months and then it will be reduced to $3,274 per month.
−Removed: The increased rent amount of $5,773 includes an additional payment of $2,500 per month for these 8 months, arising out of a $20,000 dispute settlement related to a rent dispute.
−Removed: This amount for the months of September and August 2018 ($5,000) has been recorded as “rent expense”
−Removed: on the Company’s financial statement The lease ends on June 30, 2021.
−Removed: Kisses From Italy-Palm Aire based in Pompano Beach, Florida leases approximately 2,300 square feet of space at a cost of $4,051.83 per month.
−Removed: The lease ends on May 1, 2021.
−Removed: The Company has a one-year automatic renewal provision for this lease.
−Removed: Kisses From Italy -Sea Gardens based in Pompano Beach, Florida leases approximately 600 square feet of space at a cost of $595.40 per month.
−Removed: The lease ends on August 1, 2021.
−Removed: The Company has a one-year automatic renewal provision for this lease but is not obligated to exercise this renewal provision.
−Removed: Italian location - Strada Provinciale 70 #100, Ceglie del Campo, 70129, Bari, Italia -The Lease was signed for a six year term in June 2019, at a rate of approximately $1,570 per month.
+Added: Kisses From Italy 9 th LLC based in Fort Lauderdale, Florida leases approximately 990 square feet and has paid $3,273 per month since 2018, pending completion of the required renovations to the exterior and interior of the property necessitated due to hurricane damage that occurred to the location in 2018.
+Added: The landlord has been very slow in making these changes.
+Added: It was agreed upon that when work was completed, and approved by the City of Fort Lauderdale, the rent would be increased to the market rate at that time.
+Added: Beginning on May 1, 2021, the rent increased to $5,857.50 per month and was renewed by the Company for an additional five-year term with standard annual escalator costs.
+Added: Kisses Palm Sea Royal LLC based in Pompano Beach, Florida leases approximately 2,300 square feet for $3,933 per month.
+Added: The Company has a one-year automatic renewal provision for this lease on May 1st of each year under the same terms.
+Added: Kisses From Italy Italia SRLS based in Bari, Italy, leases approximately 2,200 square feet of space for 1,400 euros per month under the terms of a six-year
+Added: lease which ends on May 5, 2024 and has an optional automatic renewal provision for six years.
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.