The Company accounts for its leases under FASB ASC Topic 842, Leases. Under this guidance, arrangements meeting the definition of a lease are classified as operating or financing leases and are recorded on the consolidated balance sheet as both a right-of-use ("ROU") asset and lease liability, calculated by discounting fixed lease payments over the lease term at the rate implicit in the lease, if applicable, or the Company’s incremental borrowing rate. As the Company's leases do not provide an implicit rate, the Company uses an incremental borrowing rate based on the information available at the lease commencement date in determining the present value of lease payments. Lease liabilities are increased by interest and reduced by payments each period, and the right-of-use asset is amortized over the lease term. For operating leases, interest on the lease liability and the amortization of the right-of-use asset result in straight-line rent expense over the lease term.

The Company currently leases certain office equipment and its office and laboratory facilities under non-cancelable operating leases. Rent expense for operating leases is recognized on a straight-line basis over the lease term from the lease commencement date through the scheduled expiration date. Rent expense totaled $454,000 and $453,000, respectively, for the three months ended January 31, 2026 and 2025. Rent expense totaled $1.4 million for both the nine months ended January 31, 2026 and 2025. The Company considers its facilities adequate for its current operational needs.

•One University Plaza, Suite 307, Hackensack, New Jersey 07601, which, since November 2011, serves as the Company’s corporate headquarters. The lease expires in November 2026. The Company recognized $19,000 and $17,000, respectively, of rent expense relative to this lease for the three months ended January 31, 2026 and 2025. The Company recognized $58,000 and $55,000, respectively, of rent expense relative to this lease for the nine months ended January 31, 2026 and 2025.

•1330 Piccard Drive Suite 025, Rockville, MD 20850, which consists of laboratory and office space where the Company conducts operations related to its primary service offerings. The Company executed the original lease in January 2017. The lease was amended to expand the premises and extend the expiration date in March 2020 and again in December 2020. The operating commencement date was August 11, 2017. This lease expires in February 2029. The Company recognized $422,000 of rent expense relative to this lease for both the three months ended January 31, 2026 and 2025. The Company recognized $1.3 million of rent expense relative to this lease for both the nine months ended January 31, 2026 and 2025.

•VIA LEONE XIII, 14, Milan, Italy, which consists of laboratory and office space where the Company conducts operations related to its flow cytometry service offerings. The Company executed the lease in November 2022. The lease was set to expire October 31, 2028. During the three months ended October 31, 2025, the Company exercised its right to terminate the lease early. The lease will terminate April 30, 2026 and the Company will no longer utilize a physical site in Italy. As part of this lease modification, during the three months ended October 31, 2025, the Company recorded a reduction to its right of use asset related to this lease of $108,000. Simultaneously, the Company recorded a reduction to the current and non-current portions of the related operating lease liabilities of $16,000 and $101,000, respectively. These reductions resulted in the recording of a gain on lease termination of $9,000. The Company recognized $12,000 and $13,000, respectively, of rent expense relative to this lease for both the three months ended January 31, 2026 and 2025. The Company recognized $38,000 of rent expense relative to this lease for both the nine months ended January 31, 2026 and 2025.

As of January 31, 2026, the weighted average remaining operating lease term and the weighted average discount rate were 3.02 years and 5.82%, respectively. As of January 31, 2025, the weighted average remaining operating lease term and the weighted average discount rate were 4.00 years and 5.88%, respectively.


	Three Months Ended January 31,				Nine Months Ended January 31,
	2026		2025		2026		2025
Operating lease costs	$	446	$	434	$	1,331	$	1,295

Financing lease costs:
Amortization of leased assets	39		38		116		112
Interest on lease liabilities	1		2		4		8

Total lease costs	$	486	$	474	$	1,451	$	1,415