−Removed: Our headquarters
−Removed: are in Boca Raton, Florida.
We operate from a fully remote environment.
−Removed: We have a lease that includes 62,748 rentable square feet, or
−Removed: the full premises, of which the lease of 7,561 square feet commenced in 2018 and the lease of 55,187 square feet commenced in August
−Removed: of 2019, or the full premises commencement date.
−Removed: In June 2019, we entered into an agreement with the same lessors to lease an additional
−Removed: 6,536 square feet of administrative office space in the same location, pursuant to an addendum to such lease, which commenced in May
−Removed: The lease will expire 11 years after the full premises commencement date, unless terminated earlier in accordance with the terms
−Removed: of the lease.
−Removed: We have the option to extend the term of the lease for two additional consecutive periods of five years.
−Removed: The extension
−Removed: option is not included in the determination of the lease term as it is not reasonably certain to be exercised.
−Removed: The term of the lease
−Removed: includes escalating rent and free rent periods.
−Removed: We are also responsible for certain other operating costs under the lease, including
−Removed: electricity and utility expenses.
−Removed: We have sublet 41,418 square feet and are in the process of subletting the remaining 21,330 square
−Removed: feet of our headquarters in Boca Raton as a result of shifting our business to become a pharmaceutical royalty company and terminating
−Removed: our employees.
+Added: We have a lease in Boca
+Added: Raton, Florida that includes 62,748 rentable square feet, or the full premises, of which the lease of 7,561 square feet commenced in 2018
+Added: and the lease of 55,187 square feet commenced in August of 2019, or the full premises commencement date.
+Added: In June 2019, we entered into
+Added: an agreement with the same lessors to lease an additional 6,536 square feet of administrative office space in the same location, pursuant
+Added: to an addendum to such lease, which commenced in May 2020.
+Added: The lease will expire 11 years after the full premises commencement date, unless
+Added: terminated earlier in accordance with the terms of the lease.
+Added: We have the option to extend the term of the lease for two additional consecutive
+Added: periods of five years.
+Added: The extension option is not included in the determination of the lease term as it is not reasonably certain to
+Added: be exercised.
+Added: The term of the lease includes escalating rent and free rent periods.
+Added: We are also responsible for certain other operating
+Added: costs under the lease, including electricity and utility expenses.
+Added: We have sublet all of our leased property in Boca Raton as a result
+Added: of shifting our business to become a pharmaceutical royalty company and terminating our employees.
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.