Item 2. Properties
ITEM 2. PROPERTIES
We
currently maintain our executive offices at the University of South Florida’s Incubator Center located at 3802 Spectrum Blvd., Suite
112C, Tampa, Florida 33612, where we utilize shared labs and extensive research resources. Our total rent expense for this office and
testing space is $918 per month. Our accounting and finance office is located in Orange County, California utilizing approximately 200
square feet of shared office space within the offices of Ault Global, a related party. We currently do not pay rent for our Orange County,
California office space. Members of our senior management work remotely from home offices or shared office space with no rent in Atlanta,
Georgia and New York, New York and have been able to do so efficiently. We believe our present space is adequate for our current operations,
although we intend to search for suitable office space to accommodate near-term planned expansion.
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