−Removed: We believe our current physical properties are
−Removed: sufficient and adequate to meet our current and projected requirements.
−Removed: Presented below is a discussion about our current properties that
−Removed: are used for administrative and research activities.
−Removed: In January 2019, we entered into a lease for our
−Removed: new headquarters location at 201 Redwood Shores Parkway, Suite 315, Redwood City, CA 94065.
−Removed: The leased space consists of approximately
−Removed: 3,500 square feet of office space and provides for monthly rent of approximately $21,000 through the expiration date in March 2022.
−Removed: In February 2019, we entered into a lease for
−Removed: office space in Bend, Oregon where we conducted our research activities.
−Removed: The leased space consisted of approximately 1,500 square feet
−Removed: of office space and provided for monthly rent of approximately $2,700 through the expiration date in February 2021.
−Removed: 2020, we terminated this lease and entered into a new lease in Bend, Oregon where the leased space consists of approximately 5,000 square
−Removed: feet of office space and provides for monthly rent of approximately $8,400 through the expiration date in February 2024.
+Added: In January 2019, we entered into a lease for our headquarters location at 201 Redwood Shores Parkway, Suite 315, Redwood City, CA 94065.
+Added: The leased space consists of approximately 3,500 square feet of office space and provides for monthly rent of approximately $21,000 through the expiration date in March 2022.
+Added: We have extended this lease on a month-to-month basis until the commencement of the lease for our new headquarters location.
+Added: In April 2022, we entered into a lease for a new headquarters location at 275 Shoreline Drive, Suite 500, Redwood City CA 94065.
+Added: The leased space contains approximately 9,300 square feet of office space.
+Added: We expect to occupy the property upon completion of tenant improvements by the landlord, which will indicate the commencement date of the lease.
+Added: The lease provides for monthly rent of approximately $53,000 for 60 months following the commencement date.
+Added: In November 2020, we entered into a new lease in Bend, Oregon where the leased space consists of approximately 5,000 square feet of office space and provides for monthly rent of approximately $8,400 through the expiration date in February 2024.
+Added: We believe our current physical properties are sufficient and adequate to meet our current and projected requirements.
Legal Proceedings.
3 unchanged sentences
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.