−Removed: corporate headquarters are located in Fort Lauderdale, Florida where we lease approximately 6,500 square feet of office space.
+Added: entered into an operating lease agreement, effective October 1, 2017, for the corporate headquarters located in Fort Lauderdale, Florida
+Added: where we lease approximately 6,500 square feet of office space.
The lease expires on March 31, 2024.
−Removed: The annual rental expense for office facilities was approximately $0.2 million for the fiscal
−Removed: year ended March 31, 2020.
−Removed: lease approximately 86,000 square feet of warehouse space in Ontario, California for our logistics operations.
−Removed: The lease expires
−Removed: on August 31, 2020 (original term of 87 months).
−Removed: The annual rental expense for warehouse facilities was approximately $0.5 million
−Removed: for the fiscal year ended March 31, 2020.
+Added: The base rent payment is approximately
+Added: $9,400 per month, subject to annual adjustments.
+Added: entered into an operating lease agreement, effective June 1, 2013, for 86,000 square feet of warehouse space in Ontario, California for
+Added: our logistics operations.
On June 15, 2020 we executed a three-year lease extension which will expire on August 31, 2023.
−Removed: lease a 424 square foot office in Macau.
−Removed: The annual rent expense for this facility was approximately $19,000 for the fiscal year
−Removed: ended March 31, 2020.
−Removed: The rent is fixed at approximately $1,600 per month for the duration of the lease which expires on April
−Removed: believe that the facilities are well maintained, in substantial compliance with environmental laws and regulations, and adequately
−Removed: covered by insurance.
−Removed: We also believe that these leased facilities are not unique and could be replaced, if necessary, at the
−Removed: end of the term of the existing leases.
+Added: base rent payment is $65,300 per month with a 3% increase every 12 months for the remaining term of the extension.
+Added: entered into an operating lease agreement, effective May 1, 2018, for 424 square feet of office space in Macau.
+Added: The rent is fixed at
+Added: approximately $1,600 per month for the duration of the lease which expired on April 30, 2021.
+Added: In May 2021 we executed a one-year lease
+Added: extension which will expire on April 30, 2022.
+Added: The lease provides for a renewal option to extend the lease.
+Added: Rent expense on the new lease
+Added: is fixed at approximately $1,700 per month for the duration of the lease term.
+Added: believe that the facilities are well maintained, in substantial compliance with environmental laws and regulations, and adequately covered
+Added: by insurance.
+Added: We also believe that these leased facilities are not unique and could be replaced, if necessary, at the end of the term
+Added: of the existing leases.
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.