Business Context and Reporting Period
This Form 8-K was filed by Derycz Scientific, Inc. (not Research Solutions, Inc.) on April 4, 2012. The report discloses the entry into a material definitive agreement regarding a new office lease.
Key Financial Metrics
The filing does not provide revenue, profit, cash flow, margins, debt, or liquidity metrics. It focuses exclusively on the terms of a new lease agreement.
- Lease Term: 37 months, commencing May 1, 2012.
- Location: Suite 202, 5435 Balboa Boulevard, Encino, California.
- Space: 3,213 rentable square feet.
- Rent Structure:
- Month 1: Abated (Free).
- Months 2-13: $1.50 per square foot per month.
- Months 14-25: $1.55 per square foot per month.
- Months 26-37: $1.59 per square foot per month.
Material Changes
The material change reported is the execution of an Office Lease dated March 16, 2012, with 5435 Balboa, LLC. This represents a new contractual obligation for the registrant.
Guidance, Outlook, and Risks
The filing contains no management guidance, outlook, or discussion of risks beyond the standard disclosure of the lease terms. No unusual items or contingencies are reported.
Investor Verification Checklist
- Verify the company name is Derycz Scientific, Inc., not Research Solutions, Inc.
- Confirm the lease commencement date of May 1, 2012.
- Review the attached Exhibit 10.1 for full legal terms and adjustment provisions.
- Assess the impact of the escalating rent schedule on future operating expenses.