−Removed: Company has the following operating leases for real estate locations where it operates:
+Added: We lease all properties where our business is operated.
+Added: that these properties are adequate for the purposes for which they are used.
+Added: All leases are with unaffiliated third parties.
+Added: that the loss of any lease would not have a material adverse effect on our operations, as we believe that we could identify and lease
+Added: comparable facilities upon approximately equivalent terms.
+Added: The Company has the following operating leases for real estate locations where
+Added: South Salt Lake, Utah
December 2030
−Removed: Orlando, Florida
San Juan, Puerto Rico
−Removed: Troy, Michigan
−Removed: lease agreements have remaining terms up to 4.08 years, excluding options to extend certain leases for up to 5 years.
−Removed: weighted average remaining lease term as of April 30, 2023 was 2.40 years.
−Removed: The Company used a discount rate of 12% to calculate its lease
−Removed: liability at April 30, 2023.
+Added: Grantsville, Utah
+Added: December 2026
+Added: The South Salt Lake, Utah facility
+Added: has approximately 22,000 square feet and is used for our manufacturing.
+Added: The San Juan, Puerto Rico facility has approximately 3,600 square
+Added: feet and is used for administrative purposes.
+Added: The Grantsville, Utah property is approximately one acre and is used for drone flight operations
+Added: These lease agreements
+Added: have remaining terms up to 6.67 years, including options to extend certain leases for up to six years.
+Added: The weighted average
+Added: remaining lease term as of April 30, 2024 was 6.16 years.
+Added: The Company used a discount rate of 12% to calculate its lease liability at
+Added: April 30, 2024.
Future lease payment obligations at April 30, 2024 were as follows:
1 unchanged sentence
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.