do not own any real estate or other properties.
−Removed: On October 25, 2019, PCTI executed a non-cancellable lease of office and industrial
−Removed: space totalling 11,800 square feet in Zelienople, PA., which began December 1, 2019 and expires on November 30, 2022.
−Removed: lease terms include monthly rent of $7,000.
−Removed: The Company also pays $3,400 on a month-to-month basis for its corporate office in
−Removed: Warwick, New York.
+Added: On October 25, 2019, PCTI executed a non-cancellable lease of office and industrial space
+Added: totaling 11,800 square feet in Zelienople, PA., which began December 1, 2019 and expires on November 30, 2022.
+Added: The lease terms include
+Added: monthly rent of $7,000.
+Added: January 2, 2021, the Company entered into a ten (10) year lease for a 6-bay garage storage facility of approximately 2,500 square feet.
+Added: Pursuant to the lease the Company agreed to issue 100,000,000 shares of restricted common stock.
+Added: The shares were certificated on March
+Added: 8, 2021, with an effective date of January 2, 2021.
+Added: The Company valued the shares $0.0063, (the market value of the common stock on the
+Added: date of the agreement) and has recorded $630,000 as a prepaid expense.
+Added: As of the date of this report, the Company has not yet taken possession
+Added: of the space, and is in negotiations with the landlord regarding other potential properties.
+Added: April 14, 2021, the Company entered into a five-year lease which began on June 1, 2021, for approximately 8,100 square feet of office
+Added: and warehouse space in Carlsbad, California, expiring May 31, 2026.
+Added: Initial lease payments of $13,148 begin on June 1, 2021, and increase
+Added: by approximately 2.4% annually thereafter.
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.