What changed in this filing

/stocks — the workspaceLOADING

Item 2. Properties

2020-09-17 compared with 2019-09-30 · 17 added, 24 removed, 7 unchanged (85% of the section changed)

On September 9, 2015,

we signed a lease for new office space consisting of approximately 12,775 square feet, located in San Diego, California, at a monthly

rent of $23,115, which commenced on October 28, 2015.

In addition to monthly rent, the new lease includes payment for certain common

The term of the lease for the new office space was four years from the lease commencement date and was then extended

by an additional fifty months to December 31, 2023.

Our facility is covered by an appropriate level of insurance and we believe

it to be suitable for our use and adequate for our present needs.

Rent expense related to these leases was $277,377 for the years

ended June 30, 2019 and 2018.

We lease approximately

12,775 square feet of office space in San Diego, California, at a monthly rent of $25,754, pursuant to a lease expiring in December

In addition to monthly rent, the lease includes payment for certain common area costs.

Our facility is covered by an appropriate

level of insurance and we believe it to be suitable for our use and adequate for our present needs.

Rent expense related to this

property was $298,494 and $277,377 for the years ended June 30, 2020 and 2019, respectively.

Our Korea-based subsidiary,

FTI, leases approximately 10,000 square feet of office space in Seoul, Korea, at a monthly rent of approximately $8,000, pursuant

to a lease that expired on September 1, 2019 and was extended to August 31, 2021.

Beginning on June 12, 2015, FTI leased additional

office space consisting of approximately 2,682 square feet, also located in Seoul, Korea, at a monthly rent of approximately $2,700,

and the lease was extended to August 31, 2021.

In addition to monthly rent, the lease provides for periodic cost of living increases

in the base rent and payment for certain common area costs.

These facilities are covered by an appropriate level of insurance and

we believe them to be suitable for our use and adequate for our present needs.

Rent expense related to these leases was approximately

$128,000 for each of the years ended June 30, 2019 and 2018.

to a lease expiring in August 2021.

FTI also leases additional office space consisting of approximately 2,682 square feet, also

located in Seoul, Korea, at a monthly rent of approximately $2,700, pursuant to a lease expiring in August 2021.

In addition to

monthly rent, the lease provides for periodic cost of living increases in the base rent and payment for certain common area costs.

These facilities are covered by an appropriate level of insurance and we believe them to be suitable for our use and adequate for

our present needs.

Rent expense related to these leases was approximately $128,000 for each of the years ended June 30, 2020 and

We lease one corporate

housing facility primarily for our employees who travel, under a non-cancelable operating lease that expired September 4, 2019

and was extended to September 4, 2020.

Rent expense related to this lease was $10,066 and $8,875 for the years ended June 30, 2019

and 2018, respectively.

housing facility primarily for our employees who travel, under a non-cancelable operating lease expiring in September 2021.

expense related to this lease was $8,789 and $10,066 for the years ended June 30, 2020 and 2019, respectively.

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.

What changed 10-K

Item 2. Properties