−Removed: Our executive offices, sales, training, assembly and warehouse
−Removed: facilities are located at 1817 West 4 th
−Removed: Street, Tempe,
−Removed: The lease of 11,256 square feet commenced in June 2019 and
−Removed: expires July 2022.
−Removed: The aggregate monthly payments are
−Removed: currently $7,884 increasing 3% each June during the lease term,
−Removed: plus other certain costs and charges as specified in the lease
−Removed: agreement, including the Company’s proportionate share of the
−Removed: building operating expenses and real estate taxes.
−Removed: The Company also leases 1,987 square feet of office and warehousing
−Removed: space located at 4620 Arville Street, Suite E, Las Vegas, Nevada
−Removed: 89103, pursuant to a lease amendment that commenced January 2021
−Removed: and terminates at the end of March 2021.
−Removed: The monthly rate is $1,683
−Removed: plus shared operating expenses.
−Removed: In February 2019, we entered into a
−Removed: two-year lease expiring at the end of February 2021 for 1,906
−Removed: square feet of office and warehousing space located at
−Removed: 20331 Lake Forest Drive, Suite C-11,
−Removed: Lake Forest, California 92630.
−Removed: The monthly rate is currently $2,649 per month
−Removed: plus shared operating costs.
−Removed: We intend to vacate the Nevada and
−Removed: California facilities at the end of the respective lease terms
−Removed: consolidating operations at the Tempe facility.
−Removed: We are evaluating
−Removed: our facility requirements and expect we may need additional space
−Removed: during the next 12 months.
−Removed: Beginning in October 2017, we commenced reimbursing officer Mr.
−Removed: Elwood Norris $1,500 per month on a month-to-month basis for
−Removed: laboratory facility costs.
−Removed: From November 2018 through November
−Removed: 2020, we paid $5,000 per month on a month-to-month basis for a 50%
−Removed: share of 1,000 square feet at 55 Fifth Ave, Suite 1702, New York,
−Removed: We from time to time rent executive space on a
−Removed: month-to-month basis for remotely located employees.
+Added: Our executive offices, sales, training, assembly and warehouse facilities are located at 1817 West 4th Street, Tempe, Arizona.
+Added: The lease of 11,256 square feet commenced in June 2019 and expires July 2022.
+Added: The aggregate monthly payments are currently $8,120, increasing 3% for June and July 2022 during the lease term, plus other certain costs and charges as specified in the lease agreement, including the Company’s proportionate share of the building operating expense and real estate taxes.
+Added: In January 2022 we renewed this lease for three years with aggregate payments of $9,905 commencing August 2022, increasing 4% annually through the term ending July 31, 2025.
+Added: Beginning in October 2017, we commenced reimbursing former officer, stockholder and consultant, Mr.
+Added: Elwood Norris, $1,500 per month on a month-to-month basis for laboratory facility costs.
+Added: We from time to time rent executive space on a month-to-month basis for remotely located employees.
+Added: We currently have three Wrap Reality employees located in a 186 square foot space in Buffalo, New York on a month-to-month rental agreement, which payments are currently $1,750 per month.
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.