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 $14,014 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 for two 60 months periods.
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