−Removed: 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.
−Removed: Pursuant to the lease the Company agreed to issue 100,000,000 shares of restricted common stock.
−Removed: The shares were certificated on March
−Removed: 8, 2021, with an effective date of January 2, 2021.
−Removed: The Company valued the shares at $0.0063 per share, (the market value of the common
−Removed: stock on the date of the agreement) and had initially recorded $630,000 as a prepaid expense.
−Removed: On September 6, 2022, the Company was assigned
−Removed: the title to a property located at 55 Ronald Reagan Blvd, Warwick, NY 10990, in exchange for the 100,000,000 shares of common stock that
−Removed: were issued to the building owner in January 2021.
+Added: On January 2, 2021, the Company entered into a ten
+Added: (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
+Added: 100,000,000 shares of restricted common stock.
+Added: The shares were certificated on March 8, 2021, with an effective date of January 2, 2021.
+Added: The Company valued the shares at $0.0063 per share, (the market value of the common stock on the date of the agreement) and had initially
+Added: recorded $630,000 as a prepaid expense.
+Added: On September 6, 2022, the Company was assigned the title to a property located at 55 Ronald Reagan
+Added: Blvd, Warwick, NY 10990, in exchange for the 100,000,000 shares of common stock that were issued to the building owner in January 2021.
The Company also entered into a free one-year Maintenance Agreement.
−Removed: The Company allocated
−Removed: $30,000 of the prepaid expense to the Maintenance Agreement and amortized the $30,000 over the one-year term.
−Removed: The Deed was recorded in
−Removed: the name of the Company on October 4, 2022.
−Removed: The Company reclassed the remaining $600,000 as a fixed asset and credited prepaid expense.
−Removed: 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
−Removed: and warehouse space in Carlsbad, California, expiring May 31, 2026.
−Removed: Initial lease payments of $13,148 began on June 1, 2021, and increase
−Removed: by approximately 2.4% annually thereafter.
−Removed: On February 22, 2023, with an effective date of March 1, 2023, the Company entered into a
−Removed: Sublease with the landlord and a third party for the office and warehouse in Carlsbad California.
−Removed: Pursuant to the Sublease agreement,
−Removed: the third party will be responsible for all of the Company’s lease obligations through May 31, 2026, the lease termination date.
+Added: The Company allocated $30,000 of the prepaid expense to the Maintenance
+Added: Agreement and amortized the $30,000 over the one-year term.
+Added: The Deed was recorded in the name of the Company on October 4, 2022.
+Added: reclassed the remaining $600,000 as a fixed asset and credited prepaid expense.
+Added: On April 14, 2021, the Company entered into a five-year
+Added: lease which began on June 1, 2021, for approximately 8,100 square feet of office and warehouse space in Carlsbad, California, expiring
+Added: May 31, 2026.
+Added: Initial lease payments of $13,148 began on June 1, 2021, and increase by approximately 2.4% annually thereafter.
+Added: 22, 2023, with an effective date of March 1, 2023, the Company entered into a Sublease with the landlord and a third party for the office
+Added: and warehouse in Carlsbad California.
+Added: Pursuant to the Sublease agreement, the third party will be responsible for all of the Company’s
+Added: lease obligations through May 31, 2026, the lease termination date.
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.