What changed in this filing

/stocks — the workspaceLOADING

Item 2. Properties

2022-03-28 compared with 2021-03-29 · 39 added, 12 removed, 3 unchanged (94% of the section changed)

do not own any real property.

We entered into a lease for our office space at 3840 Land O’

Lakes Blvd, Land O’Lakes,

Florida 34639 for approximately $106,000 per year under a three-year lease agreement, beginning January 1, 2018.

This lease was

extended for a new one-year term beginning on February 1, 2021 under the same terms as the previous lease.

Our office space occupies

approximately 6,300 square feet.

We entered into a lease for Integra Pharma Solutions, LLC at 6308 Benjamin Road, Tampa, Florida

33634 for approximately $43,000 per year under a five-year lease agreement, effective October 17, 2018, occupying approximately

6,300 square feet.

We moved out of our previous corporate facility located at 3480 Land O’Lakes Blvd, Land O Lakes,

Florida 33556 on December 31, 2021 and entered into a lease for our current corporate office space at 2420 Brunello Trace, Lutz, Florida

33558 on November 8, 2021.

The lease has a five-year term, beginning January 1, 2022, and ending December 31, 2026.

Our office space

occupies approximately 9,850 square feet.

Pursuant to the lease, the Company will also be responsible for water/sewer costs ($140 per

month) and its proportionate share of the building’s operating expenses, including property taxes.

We paid a security deposit of

$38,500 in connection with our entry into the agreement.

rental cost under the agreement during the term of the lease, is as follows:

1, 2022 to December 31, 2022

1, 2023 to December 31, 2023

1, 2024 to December 31, 2024

1, 2025 to December 31, 2025

1, 2026 to December 31, 2026

to the lease, we have an option to renew the lease for two additional five-year terms with a mutually agreed increase in rental

Company’s obligations under the lease are guaranteed by Suren Ajjarapu, the Company’s Chief Executive Officer and Chairman

but has not been formally documented to date.

Company also has, pursuant to the terms of the lease, a right to match any offer for purchase on 4.12 acres of Sienna Village I, parcel

26-26-18-0000-04800-000 and 4 buildings totaling 23,048 square feet of office space in its entirety, for a 2-year period commencing with

the execution of the lease.

We also have a right of first refusal to lease available vacant buildings at the then current market rate

only after the landlord has made such space available for leasing.

connection with our entry into the lease, we purchased certain furniture and assets of the landlord located at the leased premises for

(a) $60,000, payable in 12 installments of $5,000 each, with title to such assets transferring on the date of the last payment, December

and (b) $37,500, which was payable upon our entry into the lease agreement, upon which payment, title to such purchased assets

lease contains customary indemnification and termination provisions.

In addition, the lease contains customary events of default, including

payment defaults, breaches of covenants and/or certain representations and warranties, bankruptcy or insolvency proceedings and other

events of default customary for this type of transaction.

The lease also contains remedies for such events of default, including the

landlord’s right to cure a default (together with our requirement to pay a 15% administrative fee in connection therewith), interest

and other amounts, the right to accelerate all amounts due during the remaining term of the lease, termination of the lease and other

remedies customary for this type of transaction.

entered into a lease for Integra Pharma Solutions, LLC at 6308 Benjamin Road, Tampa, Florida 33634 for approximately $43,000 per year

($3,583 per month) under a five-year lease agreement, effective October 17, 2018, occupying approximately 6,300 square feet.

believe our current and future facilities are adequate for our current and near-term needs.

Additional space may be required as

we expand our activities.

Additional space may be required as we expand

our activities.

We do not currently foresee any significant difficulties in obtaining any required additional facilities.

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.

What changed 10-K

Item 2. Properties