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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.
−Removed: We have extended this lease on a month-to-month basis until the commencement of the lease for our new headquarters location.
+Added: Subsequently, we extended this lease on a month-to-month basis through October 2022, when the lease for our new headquarters location commenced.
In April 2022, we entered into a lease for a new headquarters location at 275 Shoreline Drive, Suite 500, Redwood City CA 94065.
The leased space contains approximately 9,300 square feet of office space.
−Removed: We expect to occupy the property upon completion of tenant improvements by the landlord, which will indicate the commencement date of the lease.
−Removed: The lease provides for monthly rent of approximately $53,000 for 60 months following the commencement date.
−Removed: 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: The lease commenced in October 2022 and provides for average remaining monthly rent of approximately $53,000 through October 2027.
+Added: In November 2020, we entered into a 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.
We believe our current physical properties are sufficient and adequate to meet our current and projected requirements.
Legal Proceedings.
−Removed: Not Applicable.
+Added: For a discussion of the Company’s legal proceedings, see “Notes to Consolidated Financial Statements - Commitments and Contingencies” in Part II.
+Added: Item 8 on this Annual Report on Form 10-K, which is incorporated herein by reference.
Mine Safety Disclosures.
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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.