−Removed: We lease approximately 78,000 square feet of office and laboratory space at our headquarters in South San Francisco, California under a lease that commenced in March 2020 for a lease term of approximately 10 years.
−Removed: Additionally, we lease office, laboratory, and manufacturing space in Singapore consisting of approximately 40,000 square feet expiring in June 2027, and approximately 5,000 square feet expiring in March 2023.
−Removed: In Ontario, Canada, we have leased two properties, comprising approximately 44,500 square feet expiring in March 2026 and approximately 19,000 square feet expiring in March 2027.
−Removed: As of December 31, 2021, we also leased office space in Japan, China, and France, with various expiration dates through February 2026.
−Removed: We believe that our properties are in good condition and are adequate and suitable for their purposes.
+Added: We lease approximately 78,000 square feet of office and laboratory space at our headquarters in South San Francisco, California under a 10 year operating lease that commenced in March 2020.
+Added: In Singapore, we lease approximately 40,000 square feet of office, laboratory and manufacturing space that expires in June 2027 and 5,000 square feet of similar mixed use space that expires at the end of March 2023.
+Added: In Ontario, Canada, we lease a 9,000 square foot property that expires in February 2025, a 44,500 square feet property that that expires in March 2026 and a 19,000 square feet property that expires in March 2027.
+Added: As of December 31, 2022, we also lease office space in Japan, China, and France under short-term arrangements that expire through February 2026.
+Added: In August 2022, we entered into an operating agreement to sublease approximately 25% of our corporate headquarters facility in South San Francisco, California for $4.8 million over a 39 month term.
+Added: On February 28, 2023, we entered into a separate agreement with an unrelated party to sublease an additional 25% of the headquarters facility.
+Added: We expect to recognize $9.1 million in sublease income over the 77-month term of the agreement, which commences in December 2023 and expires concurrent with the expiration of the head-lease in April 2030.
+Added: We believe that all of our leased properties are in good condition and are adequate and suitable to use for their intended purpose.
Refer to Note 10 of our consolidated financial statements for additional information about leased properties in this Form 10-K.
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.