−Removed: executive offices are located at 11900 Biscayne Blvd., Suite 630, North Miami, Florida 33181.
−Removed: Our executive offices are provided to us
−Removed: by the parent of our majority stockholder, Tekcapital.
+Added: Our executive offices are located at 11900 Biscayne Blvd., Suite 630, North Miami, Florida 33181.
+Added: Our executive offices are provided to us by Tekcapital.
We consider our current office space adequate for our operations.
−Removed: June 1, 2020, through February 1, 2022, we paid Tekcapital $25,000 per fiscal quarter under a management service agreement,
−Removed: which included rent-free office space, utilities, advisory services and other services.
−Removed: This agreement was amended effective February 1,
−Removed: 2022 such that we are billed $35,000 per fiscal quarter and no longer receive rent-free office space.
−Removed: Since then, Tekcapital bills us
−Removed: for an allocation of rent paid by Tekcapital on our behalf, and we recognized $74,442 of expense related to rent for the year ended December 31,
−Removed: Our management service agreement with Tekcapital does not stipulate a specific maturity date, and can be terminated with 30 calendar
−Removed: days written notice by any party.
+Added: Prior to February 1, 2022, we were provided with rent-free office space by Tekcapital pursuant to the terms of a management service agreement.
+Added: Effective February 1, 2022, the management services agreement was amended such that (among other things) the office space provided by Tekcapital is no longer rent-free.
+Added: Tekcapital now bills us for an allocation of rent paid by Tekcapital on our behalf.
+Added: Our agreement with Tekcapital does not stipulate a specific end date, and can be terminated with 30 calendar days written notice by any party.
+Added: Legal Proceedings .
+Added: We are not currently the subject of any material pending legal proceedings;
+Added: however, we may from time to time become a party to various legal proceedings arising in the ordinary course of business.
+Added: Mine Safety Disclosures .
+Added: Not applicable.
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.