(b) If part of the Demised Premises is taken under the right of eminent domain, and Tenant is able to conduct its business in ordinary fashion (as reasonably determined by Tenant), then upon the vesting of title to the part of the Demised Premises so taken by the authority exercising the right of eminent domain and vacation thereof by Tenant, the rent payable by Tenant pursuant to the provisions of this Lease and the division of the award received by such partial taking as between Landlord and Tenant shall be equitably adjusted in the manner to be agreed upon between Landlord and Tenant. Tenant agrees, however, in the case of partial condemnation, at its own cost and expense, to repair the damage to such buildings, equipment or construction and to reconstruct the remaining portions of the buildings in such manner and with such materials that the same shall be a complete architectural unit on the same type, material and construction as existed prior to partial taking and demolition in accordance with the requirements of Section 10 of this Lease, and Tenant agrees to use the proceeds of any award received by Tenant to pay for the cost of such restoration. Notwithstanding the foregoing, Tenant shall have no obligation to make any repair, reconstruction, restoration or other expenditure in excess of the award actually received by Tenant from the condemning authority.
The difference between the newly enacted federal statutory rate of 21.0% and our effective rate of 23.5% is due to changes in our valuation allowance on our net deferred tax assets along with realizing the deferred tax asset associated with the AMT credit carryforward. The impact of the newly enacted federal statutory rate as a result of the Tax Act to the net deferred tax assets is a provisional amount of approximately $1,718 decrease with any offsetting decrease to the valuation allowance. The amount is provisional because the final number cannot be calculated until the underlying timing differences are known rather than estimated.
Wendy Perrow, MBA was elected as a director of the Company on December 10, 2015. Ms. Perrow is Chief Executive Officer at AsclepiX Therapeutics. Ms. Perrow joined AsclepiX Therapeutics in 2016 as Chief Executive Officer. Prior to joining AsclepiX Therapeutics, Ms. Perrow was Chief Executive Officer at Alba Therapeutics and held senior executive marketing positions with private and public pharmaceutical companies. From 2004 to 2007, she was Vice President of Marketing and Sales for Sigma-Tau Pharmaceuticals, Inc. From 1989 to 2003, Ms. Perrow held positions at Merck and Co., Inc. in marketing, marketing promotion, international business research analysis, training, and sales. Ms. Perrow began her career in a division of Johnson & Johnson. Ms. Perrow holds a bachelor’s degree from Eastern Illinois University and a Masters of Business Administration degree in finance and marketing from Duke University – The Fuqua School of Business. Ms. Perrow’s active involvement in the therapeutics industry, her educational background and her leadership experience, facilitate her significant contributions as a director.
Effective October 1, 2018, the Company will be required to adopt the new guidance of ASC Topic 606, Revenue from Contracts with Customers (Topic 606), which will supersede the revenue recognition requirements in ASC Topic 605, Revenue Recognition. Topic 606 requires the Company to recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The new guidance requires the Company to apply the following steps: (1) identify the contract with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to the performance obligations in the contract; and (5) recognize revenue when, or as, the Company satisfies a performance obligation. The Company will be required to adopt Topic 606 either on a full retrospective basis to each prior reporting period presented or on a modified retrospective basis with the cumulative effect of initially applying the new guidance recognized at the date of initial application. If the Company elects the modified retrospective approach, it will be required to provide additional disclosures of the amount by which each financial statement line item is affected in the current reporting period, as compared to the guidance that was in effect before the change, and an explanation of the reasons for significant changes. The Company has assessed the impact of adoption on its material revenue streams, evaluated the new disclosure requirements, and identified and implemented appropriate changes to its business processes, systems and controls to support recognition and disclosure under the new guidance. We expect to adopt Topic 606 using the modified retrospective approach. Based on completing the assessment, the Company has determined that the adoption of the guidance will not result in a material impact on its consolidated financial statements.
• Our principal executive offices are located at 2701 Kent Avenue, West Lafayette, Indiana 47906, with approximately 120,000 total square feet of operations, manufacturing, administrative space and leased space, which leased space comprises approximately 50,000 square feet of the total. Both the contract research services segment and the products segment conduct operations at this facility. The building has been financed by mortgages.
From U.S. Navy laboratories to battlefields in Afghanistan, researchers are lining up to explore the use of unmanned aerial vehicles to detect unexploded landmines. Missouri S&T civil engineering doctoral student Paul Manley is enlisting a third variable — plant health — to see if drones can be used to more safely locate such weapons of destruction. A UAV equipped with a hyperspectral camera allows for image collection across hundreds of bands that can detect subtle changes in how plants such as corn and sorghum gain or lose water and nutrients, or how they biochemically respond to stress. “As drought increases, so does the relative temperature around that area,” says Manley. “So we can use thermal imaging to see how plants are responding to drought stress. When you add in those hundreds of bands, you can really ‘see’ how the plants are responding.” The research is funded in part through Missouri S&T’s share of a five-year, $20 million National Science Foundation grant to nine institutions across the state that are teaming up to better understand climate variability and its potential agricultural, ecological and social impacts.
They hope by springtime to have a new pasteurization and bottling process built, certified and selling old-fashioned milk from the farm’s storefront and in local coffee shops and small markets in the Mid-Ohio Valley.
Our reporting units with goodwill at September 30, 2018 was preclinical services and St. Louis services, which are included in our Services operating segment, based on the discrete financial information available which is reviewed by management. We performed our annual goodwill impairment test for the Preclinical and St. Louis Services reporting units at September 30, 2018 and there was no indication of impairment. There have been no significant events since the timing of our impairment tests that would have triggered additional impairment testing after fiscal year-end.
Like many neighborhoods in New York and San Francisco, tiny kitchens can be either dazzling or dreary. Take a look.
“Mr. Powell could have positioned the Fed for the possibility the markets are right and the data are about to take a turn for the worse with a much more ambivalent statement about future rate increases,” Ip writes. “The fact he didn’t is risky — for the economy and him, personally, since [Trump] will likely hold him responsible for a recession. Markets and economic data frequently diverge; the stock market has predicted nine of the last five recessions, the old joke goes. But that is actually a pretty good record; the Fed hasn’t predicted any of them.”
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Actually the math is just fine if you go into details. Or put it otherwise, you don’t have enough details to disprove it. First, you don’t know voltage. You may assume 400 V, but it may be all they way up to 500 V.
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