3 unchanged sentences
Office Leases
−Removed: 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 lease agreement for its existing office space that commenced on September 1, 2023, and expires on February 28, 2027.
−Removed: The base monthly rent is approximately $9,200 for the first 18 months and increases to approximately $9,500 thereafter.
−Removed: The Company paid both a security deposit and prepaid rent for $14,700, respectively.
−Removed: For the years ended December 31, 2024 and 2023, the Company incurred lease expense of $110,000, for the lease.
+Added: In December 2022, the Company entered into a lease agreement for approximately 5,200 square feet of office space in Houston, Texas , that commenced on September 1, 2023, which expires on February 28, 2027.
+Added: The remaining monthly payments are approximately $15,800 through February 2026 and increase to approximately $16,000 through the end of the lease.
+Added: The Company paid a security deposit of $14,700.
+Added: For the years ended December 31, 2025 and 2024, the Company incurred lease expense of $168,000 and $110,000, respectively, 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.