CHAMPIONS ONCOLOGY, INC.
For the period ended Apr 30, 2025. Filed Jul 23, 2025.
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FY2025 · Filed Jul 23, 2025
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Item 2. Properties
The Company currently leases 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 expenses totaled $1.8 million for the years ended April 30, 2025 and 2024. The Company considers its facilities adequate for its current operational needs.
The Company leases the following facilities:
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 $75,000 and $77,000 of rental costs relative to this lease for fiscal 2025 and 2024, respectively.
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 lease expires February 28, 2029. The Company recognized $1.7 million of rental costs relative to this lease for each of fiscal 2025 and 2024.
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 lease expires October 31, 2028. The Company recognized $50,000 of rental costs in Italy for each of fiscal 2025 and 2024.
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