−Removed: In fiscal 2001, IS&S purchased 7.5 acres of land in
−Removed: the Eagleview Corporate Park in Exton, Pennsylvania.
−Removed: Shortly thereafter, the Company constructed a 45,000 square foot design, manufacturing
−Removed: and office facility on this site.
+Added: In fiscal 2001, IS&S purchased 7.5 acres of land in the Eagleview Corporate Park in Exton, Pennsylvania.
+Added: Shortly thereafter, the Company constructed a 45,000 square foot design, manufacturing and office facility on this site.
Land development approval allows for expansion of up to 20,400 square feet.
−Removed: Such expansion would
−Removed: provide for a 65,400 square foot facility which the Company believes is adequate to meet the needs of the Company for the foreseeable
−Removed: The Company also occupies approximately 8,358 square feet of
−Removed: office and warehouse space in Exton, Pennsylvania under a lease expiring March, 2021.
−Removed: The Company’s current annual lease
−Removed: expense for this property is approximately $72,000.
−Removed: The Company leases two separate hangars to house the Company’s
−Removed: airplanes in New Castle County, Delaware under month to month leases.
+Added: Such expansion would provide for a 65,400 square foot facility which the Company believes is adequate to meet the needs of the Company for the foreseeable future.
+Added: The Company had occupied approximately 8,358 square feet of office and warehouse space in Exton, Pennsylvania under a lease that expired March 2021.
+Added: The Company’s fiscal year ended September 30, 2021, lease expense for this property was approximately $34,000.
+Added: The Company leases two separate hangars to house the Company’s airplanes in New Castle County, Delaware under month-to-month leases.
The annual lease expense for both hangars is approximately $53,000.
+Added: Legal Proceedings.
+Added: In the ordinary course of business, IS&S is at times subject to various legal proceedings and claims.
+Added: The Company does not believe any such matters that are currently pending will, individually or in the aggregate, have a material effect on the results of operations or financial position.
+Added: Mine Safety Disclosures .
+Added: Not applicable.
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.