Executive Offices
−Removed: Our executive offices are
−Removed: located at 1440 N Union Bower Rd, Irving, TX 75061.
−Removed: Our office space is included in our production facility, which consists of approximately
−Removed: 20,945 square feet leased pursuant to a lease agreement through September 15, 2025, with two five-year options to extend, under
−Removed: which an entity owned entirely by Ira Goldfarb is the landlord .
−Removed: Research and Development
−Removed: We anticipate performing product
−Removed: research and development as required for our products and distribution under our new plan of operation.
−Removed: The Company currently has one
−Removed: full-time employee dedicated to product research and development.
−Removed: The Company’s research and development activities primarily consist
−Removed: of product formulation, nutritional analysis, and taste analysis.
+Added: We do not own any real property.
+Added: Our principal executive office and manufacturing facility is located in Irving, Texas, where we lease approximately 20,945 square feet of space under a lease agreement with an entity owned entirely by Ira Goldfarb that expires in September 2025, subject to two options to extend the term of the lease for successive five-year periods.
+Added: We entered into the lease agreement in connection with the closing of the Asset Purchase Agreement in October 2020.
+Added: In addition to our principal executive office and food manufacturing facility, we lease approximately 51,264 square feet and 9,900 square feet at two separate warehouse facilities located in Irving, Texas, which we use to receive, store, package, and distribute our products, as well as for office and administrative purposes.
+Added: The Company also subleases approximately 141 rentable square meters in Mexico City, Mexico, which the Company uses as office space.
+Added: The term of the sublease is approximately seventeen months and does not have a renewal period.
+Added: We believe that these facilities are sufficient to meet our current needs.
+Added: We intend to expand our facilities or add new facilities as we grow, and we believe that suitable additional space will be available as needed to accommodate expansion of our operations.
Delivery Commitments
−Removed: We do not currently have any
−Removed: delivery commitments under our plan of operation.
+Added: We do not currently have any delivery commitments under our plan of operation.
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.