−Removed: We currently maintain our executive offices at 5353 West Alabama, Suite 415, Houston, Texas 77056.
−Removed: The cost for this space is included in the $10,000 per month fee that we will pay to an affiliate of one of our officers for office space, utilities, secretarial support and other administrative and consulting services.
−Removed: We believe that the amount we will pay under the administrative services agreement is comparable to the cost of similar services that we could obtain from unaffiliated persons.
−Removed: We consider our current office space adequate for our current operations.
−Removed: LEGAL PROCEEDINGS
−Removed: To the knowledge of our management, there is no litigation currently pending or contemplated against us, any of our officers or directors in their capacity as such or against any of our property.
−Removed: MINE SAFETY DISCLOSURE
−Removed: Not applicable.
+Added: Our corporate headquarters is located in Beaumont, Texas where we lease approximately 6,380 square feet of office space and 7,320 square feet of warehouse space.
+Added: Our office space is leased pursuant to two three-year written leases that expired on December 31, 2023, but which automatically renewed for a one-year term, commencing January 1, 2024, as written notice of termination was not provided by either party by the requisite date.
+Added: Our warehouse space is leased pursuant to a one-year written lease that expires on July 20, 2024.
+Added: We expect to be able to extend these leases prior to their expiration on commercially reasonable terms.
+Added: Our office space contains engineering, manufacturing, research and development and administrative functions of the company.
+Added: Our warehouse space houses our inventory, stock items and quality control operations.
+Added: We believe that our office and warehouse space is adequate for our current needs and, should we need additional space, we believe we will be able to obtain additional space on commercially reasonable terms.
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.