−Removed: headquarters are located in Tel Aviv, Israel, where we lease a 1,700 square meter office and manufacturing facility that has the capacity
−Removed: to manufacture and assemble 2,000 stents per month, based upon the production schedule of one shift per day.
−Removed: We believe that our current
−Removed: facility is sufficient to meet anticipated future demand by adding additional shifts to our current production schedule.
+Added: October 2024, we established our global headquarters in Miami, Florida, where we lease approximately 10,782 square feet for general office
+Added: space, with onsite shipping and receiving of products, in Suites 215 and 280 of the 6303 Waterford
+Added: at Blue Lagoon building located at 6303 Waterford District Drive, Miami, Florida 33126 .
+Added: The lease rent commences on the date that
+Added: the landlord delivers the entire premises to us with (i) the landlord’s completion of the construction of Suite 280 and (ii) the
+Added: construction of Suite 215 being substantially complete (the “Commencement Date”).
+Added: The lease has a term of 64 months from
+Added: the Commencement Date (the “Term”), subject to a five-year extension in accordance with the terms of the lease.
+Added: to the lease, we paid the landlord a security deposit of $500,000.
+Added: Provided that there are no events of default by us under the lease,
+Added: the security deposit will be returned to us on an incremental basis throughout the Term.
+Added: Pursuant to the lease, we have agreed to pay
+Added: base rent of $22,911.75 per month during the first year of the Term, increasing on an incremental basis each subsequent year of the Term,
+Added: as well as traditional lease expenses including, certain taxes, operating expenses and utilities.
+Added: continue to maintain premises in Tel Aviv, Israel, where we lease a 1,700 square meter office and manufacturing facility that has
+Added: the capacity to manufacture and assemble 2,000 stents per month, based upon the production schedule of one shift per day.
+Added: that our current facility is sufficient to meet anticipated future demand by adding personnel to the current staff.
+Added: Additionally, we
+Added: can add a working shift to our current production schedule.
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.