Substantially all of our operations are currently conducted at leased facilities, including our manufacturing processes, research and development activities, customer and technical support, and management and administrative functions.
−Removed: As of December 31, 2021, we occupied facilities with an aggregate total of approximately 367,000 square feet, increasing to 511,000 square feet in the first quarter of 2022, as follows:
+Added: As of December 31, 2022, we leased facilities with an aggregate total of approximately 417,000 square feet, as follows:
United States
−Removed: • Roselle Street Leases :
−Removed: 77,458 square feet of general office and laboratory space located on Roselle Street in San Diego, California.
−Removed: All of our existing leases for facilities on Roselle Street are scheduled to expire in May 2023.
+Added: • Tech Center Lease :
+Added: 181,949 square feet of general administrative, laboratory and research and development office space located on High Bluff Drive in San Diego, California.
+Added: Phase I of the lease, consisting of 143,850 square feet, commenced in March of 2022.
+Added: Phase II of the lease, consisting of 38,099 square feet, is expected to commence in 2025.
+Added: The lease term covering both Phase I and Phase II is currently expected to expire in April 2035.
+Added: We have two options to extend the term of the lease, with each option providing for an additional period of five years.
• Vista Sorrento Parkway Lease :
3 unchanged sentences
48,880 square feet of general office, manufacturing and warehouse space located on Barnes Canyon Road in San Diego, California, which is scheduled to expire in November 2028.
−Removed: We have a one-time option to extend the term of the Barnes Canyon lease for a period of not less than three years and not greater than five years.
• Marindustry Place Lease :
1 unchanged sentence
We have a one-time option to extend the term of the Marindustry Place lease for a period of no less than three years and no more than five years.
−Removed: • High Bluff Sublease :
−Removed: 30,703 square feet of general office space located on High Bluff Drive in San Diego, California.
−Removed: The High Bluff sublease is scheduled to expire in March 2022.
• High Bluff Lease :
−Removed: 31,372 square feet of general office space located on High Bluff Drive, in San Diego, California.
−Removed: The High Bluff lease is a direct lease agreement for the same property subject to the High Bluff sublease.
−Removed: The lease term begins in April 2022 following the termination of the High Bluff sublease in March 2022, and is scheduled to expire in March 2024.
−Removed: • Tech Center Lease :
−Removed: 181,949 square feet of general administrative, laboratory and research and development office space located on High Bluff Drive in San Diego, California.
−Removed: Phase I of the lease, consisting of 143,850 square feet, is expected to commence in the first quarter of 2022.
−Removed: Phase II of the lease, consisting of 38,099 square feet, is expected to commence in 2025.
−Removed: The lease term covering both Phase I and Phase II is currently expected to expire in April 2035.
−Removed: We have two options to extend the term of the lease, with each option providing for an additional period of five years.
−Removed: • Shoreline Lease :
−Removed: 94,562 square feet of general office space located on Shoreline Drive in Boise, Idaho.
−Removed: The Shoreline lease term commenced in July 2020, and is scheduled to expire in June 2027.
−Removed: We have a one-time option to extend the term of the Shoreline lease for a period of three years.
−Removed: International
+Added: 31,372 square feet of general office space located on High Bluff Drive, in San Diego, California, which is scheduled to expire in March 2024.
+Added: • Roselle Street Leases :
+Added: 77,458 square feet of general office and laboratory space located on Roselle Street in San Diego, California.
+Added: All of our existing leases for facilities on Roselle Street are scheduled to expire in May 2023.
+Added: Outside the United States
• Markham Lease :
3 unchanged sentences
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.