−Removed: corporate headquarters are in Redmond Oregon.
−Removed: This location houses our engineering, sales, accounting, and operations staff.
−Removed: our primary product warehouse.
−Removed: Our headquarters is approximately 14,976 square feet, leased at a base rent set to increase by 3% every
−Removed: 12 months after January 31 of each year.
−Removed: For the period from January 31, 2022 up to January 31, 2023, the rental cost of our headquarters
−Removed: is $18,510.34 per month.
−Removed: In Q1 of 2022 we added a second distribution warehouse in Elkhart, Indiana to service and provide a stocking
−Removed: location for several large manufacturers in the area.
+Added: corporate headquarters are in Redmond, Oregon, and house our engineering, sales, accounting, and operations staff.
+Added: Our primary product
+Added: warehouse is also located there.
+Added: Our headquarters is approximately 15,000 square feet, leased at a base rent that increases 3.0% annually
+Added: on January 31st of each year.
+Added: From January 31, 2023 to January 30, 2024, the rental cost of our headquarters was approximately $19,000
+Added: also lease a facility in Redmond, Oregon primarily used for warehousing, but it is also expected to be used for our first battery pack
+Added: assembly plant in the United States.
+Added: The square footage of this facility is approximately 31,400 square feet, and from February 1, 2023
+Added: to January 31, 2024, the rental cost of this facility was approximately $32,400 per month.
+Added: Some of the equipment for the assembly line
+Added: was received in October 2022 due to a delay by our equipment supplier.
+Added: We are working on setup and development of additional equipment
+Added: to automate the line, subject to market conditions.
+Added: also lease a property in Elkhart, Indiana.
+Added: In 2023, it served to provide a stocking location for several large manufacturers in the area.
Elkhart is a hub for RV manufacturing in the United States.
−Removed: Other east coast customers
−Removed: will be supported from this location to reduce shipping times and costs to the customers.
−Removed: The square footage of this facility is approximately
−Removed: 7,000 square feet, leased at a cost of $4,853.00 per month.
−Removed: part of our onshoring agenda, we have also entered into an agreement to lease another facility in Redmond Oregon.
−Removed: This new facility is
−Removed: currently expected to be used for our first battery pack assembly plant in the United States.
−Removed: The square footage of this facility is
−Removed: approximately 31,425 square feet leased at a cost of $31,425.00 per month.
−Removed: Equipment for the assembly line was received in October 2022
−Removed: due to a delay by our equipment supplier.
−Removed: We are working on set-up and development of additional equipment to automate the line, subject
−Removed: to market conditions We believe that these facilities are sufficient to meet our current and anticipated needs in the near term and that
−Removed: additional space can be obtained on commercially reasonable terms as needed.
+Added: Currently it is primarily used for office space, and a backup location for
+Added: warehousing and distribution to local customers.
+Added: The square footage of this facility is approximately 7,000 square feet, leased at a
+Added: cost of $4,900 per month.
+Added: believe that these facilities are sufficient to meet our current and anticipated needs in the near term and that additional space can
+Added: be obtained on commercially reasonable terms as needed.
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.