13 unchanged sentences
The current monthly base rent under the manufacturing component of the lease is $12,452
−Removed: During the fiscal year ended
−Removed: March 31, 2023, we recorded a $625,471 right-of-use lease asset and associated lease liability related to the manufacturing space component
−Removed: of the lease based on the present value of lease payments over the expected lease term of 55 months, discounted using our estimated incremental
−Removed: borrowing rate of 4.25%.
The office, lab and manufacturing
3 unchanged sentences
sheet, we have a right-of-use lease asset of $883,054.
−Removed: following table presents a maturity analysis of expected undiscounted cash flows for operating leases on an annual basis for the next
−Removed: four fiscal years.
−Removed: All of our leases conterminously expire during the fiscal year ending March 31, 2027.
+Added: The following table presents a
+Added: maturity analysis of expected undiscounted cash flows for operating leases on an annual basis for the next three fiscal years.
+Added: our leases conterminously expire during the fiscal year ending March 31, 2027.
Fiscal Year Ended March 31,
2 unchanged sentences
Present value of minimum lease payments
−Removed: Mobile Clean Room
−Removed: In addition, we rented a
−Removed: mobile clean room on a short term, month-to-month basis, where we housed our manufacturing operations until our permanent manufacturing
−Removed: space was completed.
−Removed: The mobile clean room was located on leased land near our office and lab and we paid $2,000 per month for the right
−Removed: to locate it there.
−Removed: We paid approximately $168,171 in total rent expense to lease the mobile clean room located on this space during
−Removed: the fiscal year ended March 31, 2023.
−Removed: The arrangement was terminated in September 2022 and the mobile clean room was returned to the
−Removed: vendor that leased it to us.
−Removed: Overall, our rent expense, which is included in general and administrative expenses, approximated $519,000
−Removed: and $401,000 for the fiscal years ended March 31, 2023 and 2022, respectively.
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.