Cytodyn Inc (CYDY)

[justdafactss]

Item 2. Properties.
Our principal office location is 1111 Main Street, Suite 660, Vancouver, Washington 98660. We lease 4,969 square feet in a commercial office building pursuant to a lease that expires on April 30, 2026 at a current cost of $9,901 per month, plus modest annual increases. We also lease 1,911 square feet of office space in Fort Lauderdale, Florida pursuant to a lease that expires on March 31, 2022 at a cost of approximately $8,300 per month, plus modest annual increase. Such space is currently being marketed for a subtenant.
https://www.sec.gov/Archives/edgar/data/1175680/000119312520220598/d923315d10k.htm

At the time of that filing CYDY was looking for a subtenant.

FF to 9/14/2023 in this filing---

Properties
We lease the space at which our principal executive offices are located at a monthly cost of approximately $15.2 thousand. We do not own or lease any other properties.
https://www.sec.gov/Archives/edgar/data/1175680/000155837023015718/cydy-20230531x10k.htm

How does a lease increase 50% from $9,901 per month to a monthly cost of approximately $15.2 thousand? Hmmm, doesnt look like a modest annual increase to me.

A casual observer might assume somebody at CYDY pocketing $5000 per month at shareholder expense.