4 unchanged sentences
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.
−Removed: 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: In December 2022, the Company entered into a lease agreement for its existing office space that commenced on September 1, 2023, and expires on February 28, 2027.
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 LLC, which was at the time owned and controlled by Dr.
−Removed: Kukes, our Chief Executive Officer and a member of the Board of Directors (“ SK Energy ”) and has since been dissolved.
−Removed: 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.
−Removed: Effective September 1, 2022, the Company extended the sublease agreement with SK Energy whereby SK Energy paid a $24,000 non-refundable two-year rent payment to the Company.
−Removed: 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: For the years ended December 31, 2024 and 2023, the Company incurred lease expense of $110,000, for the lease.
The Company believes its existing leased office space is suitable for the conduct of its business.
1 unchanged sentence
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.