−Removed: We rent an office in Denver, Colorado on a month-to-month basis.
−Removed: Our base rent is approximately $75 per month, varying based on the hours of secretarial services, conference room rental or other miscellaneous fees incurred.
−Removed: On October 19, 2020, we entered into a lease agreement for approximately 3,038 square feet of retail space located at 307 1st Avenue, NE, Minneapolis, Minnesota for the establishment of the first location of The Good Clinic (the “Nordhaus Lease”).
−Removed: The Nordhaus Lease is for a term of 90 months commencing May 1, 2021;
−Removed: pursuant to the terms of the Nordhaus Lease, the Company took possession of the leased premises on November 3, 2020.
−Removed: The average monthly base rent over the 90-month term of the Nordhaus Lease is $5,321.
−Removed: The Nordhaus Lease contains one option for the Company to extend the term for a period of 60 months.
−Removed: As the Company moves forward in its expansion plans it expects to have similar lease commitments for each of its clinic sites.
+Added: On November 1, 2020, the Company entered into an agreement to open a clinic in Minneapolis, Minnesota.
+Added: The initial lease term is eight years.
+Added: Fixed rent payments under the initial term are approximately $511,000.
+Added: On May 24, 2021, the Company entered into an agreement to open a clinic in St.
+Added: Louis Park, Minnesota, which began operations in the third quarter of 2021.
+Added: The initial lease term is seven years.
+Added: Fixed rent payments under the initial term are approximately $673,000.
+Added: Additionally, on June 8, 2021, the Company entered into an agreement to open a clinic in Eden Prairie, Minnesota, which began operation in the third quarter of 2021.
+Added: The initial lease term is eight years.
+Added: Fixed rent payments under the initial term are approximately $620,000.
+Added: On June 24, 2021, the Company entered into an agreement to open an administrative office in St.
+Added: Louis Park, Minnesota.
+Added: The initial lease term is 2.5 years.
+Added: Fixed rent payments under the initial term are approximately $244,000.
+Added: On August 31, 2021, the Company entered into an agreement to open a clinic in St.
+Added: Paul, Minnesota, which began operations in the fourth quarter of 2021.
+Added: The initial lease term is for 114 months.
+Added: Fixed rent payments under the initial term are approximately $1,153,000.
+Added: On September 9, 2021, the Company entered into an agreement to open a clinic in Minneapolis, Minnesota, which began operation in the fourth quarter of 2021.
+Added: The initial lease term is for 90 months.
+Added: Fixed rent payments under the initial term are approximately $781,000.
+Added: On September 28, 2021, the Company entered into an agreement to open a clinic in Denver, Colorado, which is expected to begin operation in the second quarter of 2022.
+Added: The initial lease term is for 96 months.
+Added: Fixed rent payments under the initial term are approximately $1,079,000.
+Added: On October 8, 2021, the Company entered into an agreement to open in Maple Grove, MN fourth quarter of 2021.
+Added: The initial lease term is for 108 months.
+Added: Fixed rent payments under the initial term are approximately $1,826,000.
+Added: On October 14, 2021, the Company entered into an agreement to open a clinic in Egan, Minnesota, which began operations in the fourth quarter of 2021.
+Added: The initial lease term is for 96 months.
+Added: Fixed rent payments under the initial term are approximately $767,000.
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.