Item 2. Properties
Item 2. Properties .
Our principal executive office is located at
27 Castilian Dr., Goleta, California. Effective February 22, 2021, we entered into a triple-net lease agreement with SBR Associates LP
for the commercial building at 27 Castilian Dr. Goleta, California for a term of five years, which began on April 1, 2021. The current
rent for this property is $13,673 per month, with a CPI escalation over the initial base rent over the term of the lease. The lease expires
on March 31, 2026, with the option to renew the lease with reasonable notice.
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