−Removed: Since our prior office lease in Burlington expired
−Removed: in July 2020, we have not had a physical office and our employees have been working remotely.
−Removed: However, in February 2020, we signed a
−Removed: lease agreement for approximately 7,500 square feet of office space in North Billerica, MA and plan to occupy the space beginning on
−Removed: June 1, 2021.
−Removed: The lease is for an initial term of 63 months with an option to extend it by an additional five years.
−Removed: We believe that
−Removed: our facilities are suitable and adequate for our current needs.
+Added: Our corporate headquarters is in Billerica, Massachusetts
+Added: where we occupy approximately 7,500 square feet of office and showroom space under lease that expires in 2027.
+Added: We lease properties located
+Added: within various geographic regions in which we conduct business, including Colorado, Georgia, Massachusetts, Michigan, and Oregon.
+Added: properties include office spaces, showrooms and warehouses used for research and development, operational, sales, management, and administrative
+Added: All of our facilities are leased.
+Added: For leases that are scheduled to expire during
+Added: the next 12 months, we may negotiate new lease agreements, renew existing lease agreements, exercise any respective options to extend
+Added: the existing lease agreements, or use alternate facilities.
+Added: We believe our facilities are adequate for our needs and believe that we
+Added: should be able to renew any of our existing leases or secure similar property without an adverse impact on our operations.
Legal Proceedings.
−Removed: Please see “Item 1 –
−Removed: Business –
−Removed: Legal Proceedings”
−Removed: for a discussion of the significant legal proceedings in which we are involved.
+Added: Please see “Item 1 – Business –
+Added: Legal Proceedings” for a discussion of the significant legal proceedings in which we are involved.
Mine Safety Disclosures.
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.