3 unchanged sentences
Office Leases
−Removed: Effective September 1, 2019, the Company moved its corporate headquarters from 1250 Wood Branch Park Dr., Suite 400, Houston, Texas 77079 to 575 N.
−Removed: Dairy Ashford, Suite 210, Houston, Texas 77079 in connection with the expiration of its former office space lease.
−Removed: The Company entered into a sublease on approximately 5,200 square feet of office space that expires on August 31, 2023, and has a base monthly rent of approximately $10,000 with the first month rent due beginning on January 1, 2020.
−Removed: The Company paid a security deposit of $9,600.
−Removed: In December 2022, the Company entered into a new lease agreement for its existing office space that will commence on September 1, 2023, and expire on February 28, 2027.
−Removed: The base monthly rent will be approximately $9,200 for the first 18 months and increase to approximately $9,500 thereafter.
+Added: The Company had a lease for its corporate offices in Houston, Texas on approximately 5,200 square feet of office space that expired on August 31, 2023 and had a base monthly rent of approximately $10,000.
+Added: In December 2022, the Company entered into a new lease agreement for its existing office space that commenced on September 1, 2023, and expires on February 28, 2027.
+Added: The base monthly rent is approximately $9,200 for the first 18 months and increases to approximately $9,500 thereafter.
The Company paid both a security deposit and prepaid rent for $14,700, respectively.
−Removed: On November 1, 2019, the Company began subleasing approximately 300 square feet of office space at its current headquarters to SK Energy, which is owned and controlled by Dr.
−Removed: Kukes, our Chief Executive Officer and a member of the Board of Directors.
+Added: On November 1, 2019, the Company began subleasing approximately 300 square feet of office space at its current headquarters to SK Energy LLC, which was at the time owned and controlled by Dr.
+Added: Kukes, our Chief Executive Officer and a member of the Board of Directors (“ SK Energy ”) and has since been dissolved.
The lease renews on a monthly basis, may be terminated by either party at any time upon prior written notice delivered to the other party, and has a monthly base rent of $1,200.
1 unchanged sentence
For the years ended December 31, 2023 and 2022, the Company incurred lease expense of $110,000 and $99,000, respectively, for the combined leases.
+Added: The Company believes its existing leased office space is suitable for the conduct of its business.
+Added: We believe that this arrangement is suitable for the conduct of our business.
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.