−Removed: Our principal place of business is a virtual office
−Removed: located at 80 SW 8 th St.
−Removed: Suite 2000, Miami, Florida, 33130 consisting of approximately 1,000 square feet of office and conference
−Removed: room space, which we lease on a month-to-month basis for $223 per month.
−Removed: We believe this facility is adequate for our current needs.
As of December 31, 2021 the Company had three operating restaurants.
−Removed: The Company leases these spaces based upon the following schedules:
+Added: The Company leases
+Added: these spaces based upon the following schedules:
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.
4 unchanged sentences
The Company has a one-year automatic renewal provision for this lease on May 1 st of each year under the same terms.
−Removed: 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
−Removed: lease which ends on May 5, 2024 and has an optional automatic renewal provision for six years.
+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 nine-year lease which ends on May 5, 2024 and has an optional automatic renewal provision for nine years.
+Added: The Company is in the process of negotiating new terms for the lease.
+Added: Both parties have agreed no rent payments will be submitted, until new terms are agreed upon.
+Added: During the three months ended March 31, 2022, the Company adopted ASC 842, and based on
+Added: the present value of the lease payments for the remaining average lease term of the Company’s existing leases noted above, the Company
+Added: recognized $562,030 in noncurrent ROU assets, $88,469 in current lease liabilities and $473,561 in noncurrent lease liabilities from
+Added: operating leases.
+Added: For the year ended December 31, 2022 and 2021, the Company recorded rent expenses related
+Added: to lease obligations of $133,526 and $130,198 respectively.
+Added: Rent expenses related to lease obligations in operating expenses in the Company’s
+Added: statement of operations.
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.