Item 2. Properties
Item
2. Properties
As
of December 31, 2024, we had one lease in California and one in New York. In Carlsbad, California we have a lease for office space that
is partially sublet. We do not occupy the balance of the space and the space is not utilized in our operations. The Carlsbad lease terminates
in March 2025 and will not be renewed. In New York, New York we have a lease for office space that we occupy. Though we operate our business
partially in a virtual environment, we utilize our office space in New York in regular operations. To the extent we need to lease additional
physical properties in the future, we believe we would be able to find suitable properties at market rates.
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