We lease our offices and do not own any real estate.
−Removed: Our corporate headquarters is located in Riverside, California and currently consists of approximately 159,000 square feet pursuant to a lease which expires on December 31, 2026 at a current annual rent of approximately $1.6 million.
−Removed: We also lease office space in Diamond Bar, California from a related party pursuant to a lease that expires on October 31, 2026 at a current annual rent of approximately $0.3 million.
−Removed: We also lease office space in China.
+Added: The following table set forth information as to the real property leased by us:
+Added: Current Annual Rent
+Added: Expiration Date
+Added: 3080 12th Street, Riverside, CA (1)
+Added: Room 402, Floor 4, No.
+Added: 558 Tongxie Rd., Shanghai, China
+Added: This property is owned by 3080 Landlord pursuant to a net lease dated October 13, 2022.
+Added: Rent for the first lease year is at the annual rate of $1,618,418 and increases 3% per year.
We believe our current facilities are adequate for the foreseeable future.
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.