Allarity Therapeutics, Inc. 10-K

ITEM 2. PROPERTIES Our principal executive office is in Cambridge, MA USA., where we lease at-will, month-to-month share space in a technology park, where we are not bound by any lease. Our current monthly rent for the office space is approximately $185 per month. We believe this office is sufficient to support our U.S.-based executive team members, all of whom are based on the East Coast of the U.S. In fiscal years ended December 31, 2021 and 2020, we paid approximately $1,110 and $2,590 respectively in lease payments. We believe that these existing facilities will be adequate for our current needs. Our principal laboratory and R&D facility is in Hoersholm, Denmark (just north of Copenhagen), where we lease a space in a technology park consisting of approximately 4,283 square feet, for $8,107 per month. The facility lease is currently in force until January 31, 2023. In fiscal years ended December 31, 2021 and 2020, we paid approximately $97,284 and $92,420 respectively in lease payments. We believe that these existing facilities will be adequate for our current needs and that suitable additional or alternative space will be available in the future on commercially reasonable terms, if required.