Item 2. Properties
Item
2. Properties
During
fiscal 2021, we begun to re-evaluate our property leases and, to the extent feasible and in our best interests, either surrendered leased
properties to the landlord prior to the expiration of such leases, subleased the property, or decided to not renew certain leases. As
of the end of fiscal 2021, we did not have any leases pursuant to which we occupied a physical property. Instead, we intend to encourage
our work force to work remotely, provided, that it continues to be feasible to do so in the future. To the extent we need to lease physical
properties in the future, we believe we would be able to find suitable properties at market rates.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.