lease office space at 2107 Wilson Blvd.
−Removed: S#530, Arlington, Virginia.
+Added: Suite 530, Arlington, Virginia.
In February 2020, we entered into a lease agreement with our
landlord for approximately 3,666 square feet.
−Removed: The lease was effective February 1, 2020 and has a five year and six months term.
+Added: The lease was effective February 1, 2020, and has a term of five years and six months.
The initial monthly rent is $13,289, and the lease agreement provides for annual rent increases of approximately 2.7%.
−Removed: of future payments guaranteed is $822,082.
−Removed: We terminated the employment with all of the employees working in the Arlington space
−Removed: during the restructure completed in April.
−Removed: As such, we have surrendered the space to the landlord and are actively negotiating
−Removed: an exit from the lease.
+Added: The amount of
+Added: future guaranteed payments is $822,082.
+Added: We terminated the employment of all of our employees working in the Arlington office space during
+Added: our restructure completed in April 2021.
+Added: On June 9, 2021, we reached a settlement with 2111 Wilson Boulevard, Inc.
+Added: to terminate the lease
+Added: effective June 2021 in exchange for a payment by us of $150,000.
+Added: Following the settlement with 2111 Wilson Boulevard, Inc., as discussed
+Added: above, we did not have any office leases as of September 30, 2021.
+Added: Tom Wilkinson, the Company’s Chairman of the Board of Directors,
+Added: provides us with the use of office space that he rents, located at 6836 Bee Caves Road, Building 1, Suite 279, Austin, TX 78746, which
+Added: we use as our corporate headquarters.
+Added: As of December 1, 2021, we entered into a month-to-month lease agreement with Mr.
+Added: Wilkinson, under
+Added: which we pay Mr.
+Added: Wilkinson $500 per month in rent.
LEGAL PROCEEDINGS
−Removed: “Litigation”
−Removed: in Note 7 –
−Removed: Commitments and Contingencies of the Notes to the Financial Statements in Part II,
−Removed: Item 8 of this Annual Report on Form 10-K.
+Added: “Litigation” in Note 7 – Commitments and Contingencies of the Notes to the Financial Statements in Part II, Item 8
+Added: of this Annual Report on Form 10-K.
MINE SAFETY DISCLOSURES
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.