The Company currently leases its office and laboratory facilities under non-cancelable operating leases.
−Removed: Rent expense for operating leases is recognized on a straight-line basis over the lease term from the lease commencement date through the
−Removed: scheduled expiration date.
−Removed: Rent expenses totaled $1.8 million and $1.9 million for the years ended April 30, 2024 and 2023, respectively.
+Added: Rent expense for operating leases is recognized on a straight-line basis over the lease term from the lease commencement date through the scheduled expiration date.
+Added: Rent expenses totaled $1.8 million for the years ended April 30, 2025 and 2024.
The Company considers its facilities adequate for its current operational needs.
7 unchanged sentences
• VIA LEONE XIII, 14, Milan, Italy, which consists of laboratory and office space where the Company conducts operations related to its flow cytometry service offerings.
−Removed: The Company consolidated its lab and office space leases at this location into one lease during fiscal 2023.
The lease expires October 31, 2028.
−Removed: The Company recognized $50,000 and $98,000 of rental costs in Italy for fiscal 2024 and 2023, respectively.
+Added: The Company recognized $50,000 of rental costs in Italy for each of fiscal 2025 and 2024.
Legal Proceedings
3 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.