5 unchanged sentences
Cyber Risk Management and Strategy
−Removed: Our cybersecurity risk management processes are being integrated into our overall risk management processes.
−Removed: We are making efforts to incorporate cybersecurity considerations as a part of our business processes.
+Added: Our cybersecurity risk management processes are integrated into our overall risk management processes.
+Added: Our strategy consists of utilizing a combination of employee education, preventative controls, detective controls, and periodic third-party cybersecurity testing.
We engage with external cybersecurity experts, including assessors, consultants, and auditors, to enhance our cybersecurity measures and ensure compliance with industry best practices.
3 unchanged sentences
Risk Management Oversight and Governance
−Removed: The Board of Directors has oversight of the Company’s cybersecurity program.
−Removed: Our management team, in consultation with the Board of Directors, is responsible for monitoring, preventing, detecting, mitigating and remediating cybersecurity incidents.
−Removed: Description of Property.
−Removed: Corporate Office
−Removed: On December 2, 2021, the Company entered into a 62-month lease for 4,141 square feet of office space in Coconut Grove, Florida, for approximately $186,000 annually.
−Removed: The rent increases 3% annually.
−Removed: The lease commenced upon occupancy on June 13, 2022, and will expire on August 31, 2027.
−Removed: e-Commerce location
−Removed: For our facilities in Poole, England, we rent office and warehouse space of approximately 2,660 square feet for £30,000 annually or approximately USD $37,000, based on a yearly average exchange rate of 1.24 GBP:USD.
−Removed: The Poole lease was renewed on November 1, 2023, and will expire October 31, 2024.
−Removed: Pharmacy locations
−Removed: We own approximately 11,000 sq.
−Removed: facility at 400 Ansin Blvd, Bay A, Hallandale, Florida.
−Removed: The monthly mortgage payment is approximately $12,000.
−Removed: During December 2020, Pharmco 901 moved a majority of its pharmacy operations from their North Miami Beach, Florida location to the new 11,000 square foot pharmacy facility in our administrative offices in., Hallandale Beach, Florida.
−Removed: We rent pharmacy space at 3208 2 nd Avenue North, Bays 2, 3 and 4, Palm Springs, FL 33461.
−Removed: The original lease expired in March 2021 and automatically renewed for an additional 48 months through February 2025.
−Removed: The lease agreement calls for monthly payments of approximately $4,300, with an escalating payment schedule each year thereafter.
−Removed: We rent pharmacy space at 1160 South Semoran Blvd, Suites D, E, F, Orlando, Florida.
−Removed: The lease was entered into and commenced on August 1, 2020 with a 66-month term and expires on February 1, 2026.
−Removed: The lease agreement calls for monthly payments beginning February 1, 2021 of $4,310, with an escalating payment schedule each year thereafter.
−Removed: Our Pharmco 1204 Davie location moved to North Miami Beach, Florida during August 2021.
−Removed: We rent approximately 2,200 square foot of retail and pharmacy space.
−Removed: The lease is for five years and commenced on September 1, 2021.
−Removed: The lease agreement calls for monthly payments of approximately $5,200, with an escalating payment schedule each year thereafter.
−Removed: We believe that we have adequate space for our anticipated needs and that suitable additional space will be available at commercially reasonable prices as needed.
+Added: Our Chief Compliance Officer and the Chief Financial Officer lead the oversight of company-wide cybersecurity strategy, policy, standards and processes.
+Added: We utilize third-party IT consultants to help manage cybersecurity risks.
+Added: Our Chief Compliance Officer and Chief Financial Officer have the requisite experience in risk assessment and a strong understanding of business operations, including experience with security frameworks, compliance regulations, and the ability to communicate effectively with both technical and non-technical stakeholders.
+Added: Our consultants have the requisite combination of technical experience in network security, system administration, and incident response.
+Added: Our Audit Committee liaises with our management team to communicate with and monitor management’s mitigation efforts to reduce cybersecurity risks by monitoring incident response, discussing and assisting with identifying potential cyber threats, analyzing vulnerabilities, and prioritizing risks.
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.