−Removed: On February 6, 2018, we entered into a
−Removed: lease for 6,969 square feet of general office space at 131 South Rodeo Drive, Suite 250, Beverly Hills, CA 90212 pursuant to a
−Removed: 91-month lease that commenced on May 25, 2018.
−Removed: We paid rent of $364,130 annually, subject to annual escalations of 3.5%.
−Removed: Effective January 21, 2019, we entered
−Removed: into a sublease for the 6,969 square feet of general office space located at 131 South Rodeo Drive, Suite 250, Beverly Hills, CA
−Removed: 90212 pursuant to an 83-month sublease that commenced on February 4, 2019.
−Removed: The subtenant paid us rent of $422,321 annually, subject
−Removed: to annual escalations of 3.5%.
−Removed: On September 11, 2020, the Company entered
−Removed: into a Surrender Agreement with the landlord, for the space at 131 South Rodeo Drive, which terminated the lease agreement.
−Removed: a result, the Company recorded decreases in the Right Of Use asset, accumulated amortization, and the lease liability of $2,142,863,
−Removed: $465,124 and $1,760,302 respectively.
−Removed: The termination of the lease resulted in a loss of $338,856.
−Removed: Simultaneously, as part of the
−Removed: Surrender Agreement the Sublease was terminated.
−Removed: On December 28, 2018, we entered into a
−Removed: lease for 5,765 square feet of general office space at 8383 Wilshire Blvd., Suite 412, Beverly Hills, CA 90211 pursuant to a 6-month
−Removed: lease that commenced January 28, 2019.
−Removed: We paid rent of $24,501 monthly.
−Removed: On January 30, 2019, we entered into a
−Removed: lease for 5,838 square feet of general office space at 190 Cannon Drive, Suite 400, Beverly Hills, CA 90210 pursuant to a 96-month
−Removed: lease that commenced on September 1, 2019.
−Removed: We pay rent of $392,316 annually, subject to annual escalations of 3.5%.
+Added: Our principal office is located
+Added: in Beverly Hills, California, where we lease 5,838 square feet of general office space.
+Added: We also lease 6,845 square feet of general office
+Added: space in Toronto, Canada and 4,765 square feet of general office space in Lyndhurst, New Jersey.
+Added: We believe our existing facilities are
+Added: adequate to meet our current requirements and that suitable additional or substitute space will be available as needed to accommodate
+Added: any further physical expansion of operations and for any additional offices.
+Added: See Note 24 in the Notes to our consolidated financial statements
+Added: included elsewhere in this Annual Report on Form 10-K for more information about our lease commitments.
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.