−Removed: In fiscal 2001, IS&S purchased 7.5 acres of land in the Eagleview Corporate Park in Exton, Pennsylvania.
+Added: In fiscal 2001, the Company purchased 7.5 acres of land in the Eagleview Corporate Park in Exton, Pennsylvania.
Shortly thereafter, the Company constructed a 45,000 square foot design, manufacturing and office facility on this site.
1 unchanged sentence
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.
−Removed: The Company had occupied approximately 8,358 square feet of office and warehouse space in Exton, Pennsylvania under a lease that expired March 2021.
−Removed: The Company’s fiscal year ended September 30, 2021 lease expense for this property was approximately $34,000.
The Company leased two separate hangars to house the Company’s airplanes in New Castle County, Delaware under month-to-month leases.
1 unchanged sentence
The annual lease expense for both hangars was approximately $52,000.
−Removed: Legal Proceedings.
−Removed: In the ordinary course of business, IS&S is at times subject to various legal proceedings and claims.
−Removed: 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.
−Removed: Mine Safety Disclosures .
−Removed: Not applicable.
+Added: On November 30, 2023, the Company sold its King Air aircraft.
+Added: and cancelled the remaining month-to-month hangar lease.
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.