−Removed: Our executive offices and Irvine manufacturing facility are located at 2361 McGaw Avenue, Irvine, California 92614.
+Added: Our executive offices and manufacturing facility are located at 2361 McGaw Avenue, Irvine, California 92614.
We lease the 28,000 square foot facility from an unrelated third party at a current base monthly lease rate of $38,716 with 3% annual escalations through the expiration of the lease in September 2027.
The building is a one-story, stand-alone structure of concrete tilt-up construction, approximately 35 years old and in good condition.
−Removed: Our former San Dimas office and manufacturing facility was located at 210 West Arrow Highway, Suites C & D, San Dimas, California 91773.
−Removed: The 3,680 square foot facility was leased from an unrelated third party, at a base monthly lease rate of $2,870 through May 2018, which terminated in conjunction with the sale of our Fineline division.
−Removed: We believe our Irvine facility to be adequate for our expected needs and is in full compliance with applicable state, EPA and other agency environmental standards.
+Added: While we believe our Irvine facility to be adequate for our current needs and is in full compliance with applicable state, EPA and other agency environmental standards, we do anticipate continued growth and therefore we are actively seeking an additional commercial facility to satisfy our expected future growth.
+Added: (See Note 13 of Notes to Financial Statements contained elsewhere in this report.)
LEGAL PROCEEDINGS
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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.