−Removed: Our corporate headquarters are in
−Removed: Redmond, Oregon, and house our engineering, sales, accounting, and operations staff.
−Removed: Our primary product warehouse is also located there.
−Removed: Our headquarters is approximately 15,000 square feet, leased at a base rent that increases 3.0% annually on January 31st of each year.
−Removed: From January 31, 2024 to January 30, 2025, the rental cost of our headquarters was approximately $19,600 per month.
−Removed: We previously leased a facility
−Removed: in Redmond, Oregon, which was primarily used for warehousing.
−Removed: The square footage of this facility is approximately 33,770 square feet,
−Removed: and from February 1, 2024 to September 30, 2024, the rental cost of this facility was approximately $33,340 per month.
−Removed: On September 24,
−Removed: 2024, we voluntarily terminated the lease, effective as of October 1, 2024 as part of an effort to identify cost reduction opportunities.
−Removed: We plan to continue operating our warehousing out of its Redmond, Oregon headquarters and Elkhart, Indiana locations.
−Removed: In connection with
−Removed: the termination of the lease, we paid one extra month’s rent, a $30,000 fee, and a broker commission of approximately $89,000.
−Removed: lease termination is expected to result in approximately $40,000 of cost savings per month over the 51 months following its termination.
−Removed: We also lease a property in Elkhart,
−Removed: In 2024, it served to provide a stocking location for several large manufacturers in the area.
−Removed: Elkhart is a hub for RV manufacturing
−Removed: in the United States.
−Removed: Currently, it is primarily used for office space and as a backup location for warehousing and distribution to local
−Removed: The square footage of this facility is approximately 7,000 square feet, leased at a cost of $4,900 per month.
−Removed: We believe these facilities are
−Removed: sufficient to meet our current and anticipated needs in the near term and that additional space can be obtained on commercially reasonable
−Removed: terms as needed.
+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, 2025 to January 30, 2026, the rental cost of our headquarters is approximately $20,200
+Added: May of 2025, we leased a warehouse facility next door to our existing warehouse in Redmond, Oregon.
+Added: The square footage of this facility
+Added: is approximately 6,545 square feet, and from May 1, 2025 to April 30, 2028, the rental cost of this warehouse is approximately $6,545
+Added: also lease a property in Elkhart, Indiana that provides office space for sales associates and a stocking location for several large manufacturers
+Added: Elkhart is a hub for RV manufacturing in the United States.
+Added: The square footage of this facility is approximately 7,000 square
+Added: feet and rental cost is approximately $4,900 per month.
+Added: believe these facilities are sufficient to meet our current and anticipated needs in the near term and that additional space can be obtained
+Added: 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.