−Removed: We occupy our corporate headquarters in Humacao,
−Removed: Puerto Rico under an oral lease expiring October 2021 at a monthly cost of $2,000.
−Removed: We lease approximately 3,635 square feet of office
−Removed: and warehouse space in Orlando, Florida under a three year lease expiring in January 2022.
−Removed: The current monthly rent is $4,268 and is
−Removed: subject to annual escalations of 2.1%.
−Removed: We lease approximately 200 square feet of office and shared warehouse public space from Cayman
−Removed: Enterprise City Ltd., in Grand Cayman, Cayman Islands under a month-to-month lease.
−Removed: The current monthly rent is $3,450.
−Removed: We do not own
−Removed: any real property.
−Removed: We believe our leased facilities are adequate to meet our present needs.
+Added: The Company has the following operating leases for
+Added: real estate locations where it operates:
+Added: South Salt Lake, Utah
+Added: December 2024
+Added: Orlando, Florida
+Added: San Juan, Puerto Rico
+Added: Troy, Michigan
+Added: Orlando, Florida
+Added: September 2022
+Added: These lease agreements have remaining terms up to
+Added: 5.08 years, excluding options to extend certain leases for up to 5 years.
+Added: The weighted average remaining lease term as of April
+Added: 30, 2022 was 3.28 years.
+Added: The Company used a discount rate of 12% to calculate its lease liability at April 30, 2022.
+Added: lease payment obligations at April 30, 2022 were as follows:
+Added: Fiscal Year Ended:
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.