What changed in this filing

/stocks — the workspaceLOADING

Item 2. Properties

2020-09-18 compared with 2012-11-05 · 23 added, 23 removed, 1 unchanged (98% of the section changed)

leased approximately 6,070 square feet of office space in San Diego, California, at a monthly rent of $8,975, and the lease expired

on August 31, 2011.

On September 1, 2011, we moved into new office space, consisting of approximately 11,318 square feet

located in San Diego, California, at a monthly rent of $16,576, and the lease expires on August 31, 2015.

addition to monthly rent, the new lease provides for periodic cost of living increases in the base rent.

Rent expense related to

the operating leases was $186,530 and $107,704 for the years ended June 30, 2012 and 2011, respectively.

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.

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,

Franklin Technology, Inc.

(“FTI”), leases approximately 10,000 square feet of office space in Seoul, Korea, at a monthly

rent of approximately $7,840, and the lease expires on September 1, 2013.

In addition to monthly rent, the lease provides for periodic

cost of living increases in the base rent and payment of common area costs.

The 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 the operating

lease was approximately $94,000 and $77,500 for the years ended June 30, 2012 and 2011, respectively.

We lease two corporate

housing facilities for our vendors and employees who travel, under non-cancelable operating leases that expire on September 30,

2012 and July 31, 2013.

Rent expense related to the operating leases was $19,408 and $25,422 for the years ended June 30, 2012

and 2011, respectively.

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 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 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

Refer to NOTE 8 - COMMITMENTS

AND CONTINGENCIES in the Consolidated Financial Statements.

MINE SAFETY DISCLOSURES

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/A

Item 2. Properties