5 unchanged sentences
Payments under the lease are expensed on a straight-line basis over the period of the lease.
−Removed: As of December 31, 2024, we occupied office space in Dalian, China, under a rent-free arrangement with the local government.
−Removed: This space, measuring 860.12 square meters, remained in use throughout 2024 while our formal application for rent exemption was under review.
−Removed: The local government office has since approved the rent-free subsidy for the 2024 lease, and as of March 1, 2025, the subsidy is pending disbursement by the government’s finance department.
−Removed: Upon the lease’s expiration on December 31, 2024, we transitioned to a new office space in Dalian, China, under a lease agreement with a different landlord.
−Removed: The new office, effective January 1, 2025, measures 210.65 square meters, with a monthly rent of $1,404.
+Added: We lease office space in Dalian, China, with total space of 210.65 square meters and a monthly rent of RMB 10,252 (approximately $1,466).
The lease expires on December 31, 2027.
Payments under the lease are expensed on a straight-line basis over the period of the lease.
−Removed: SEED has completed the build-out of a wet lab in Pennsylvania to support research and development efforts for the Ubiquitin Platform Technology.
SEED currently leases permanent office space and lab space in Pennsylvania, with a total space of approximately 10,086 square feet.
5 unchanged sentences
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.