5 unchanged sentences
At commencement, base rent due under the lease was approximately $11 thousand and increases approximately 3.5% per annum over the lease term.
−Removed: Pursuant to the co-tenant agreement with S Real Estate Holdings, LLC, we are liable for 40% of total base rent and variable lease charges due under the joint lease agreement as of the year ended December 31, 2024.
−Removed: As of January 2025, we are liable for 75% of total base rent and variable lease charges due under the amendment to the joint lease agreement.
−Removed: Refer to Note 13 – Subsequent Events within the consolidated financial statements for further discussion.
−Removed: We also lease supplemental office space in a building adjacent to our new corporate headquarter from the same landlord.
+Added: Pursuant to the co-tenant agreement with S Real Estate Holdings, LLC, we are liable for 75% of all costs incurred in connection with the lease.
+Added: Refer to Note 9 – Related Party Transactions to the consolidated financial statements for further discussion.
+Added: We also lease supplemental office space in a building adjacent to our corporate headquarters from the same landlord.
The supplemental office lease expires in December 2026 and is not subject to the co-tenant agreement with S Real Estate Holdings, LLC.
−Removed: The new corporate headquarters lease and supplemental office lease do not contain any options to renew to extend the lease terms.
+Added: The corporate headquarters lease and supplemental office lease do not contain any options to renew to extend the lease terms.
In addition, we lease a 13,320 square foot facility in Frederick, Maryland, which is used for laboratory and administrative purposes.
−Removed: The current lease expires in November 2025.
+Added: The current lease expires in December 2026.
At December 31, 2025, the base rent was approximately $20 thousand per month.
6 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.