Item 2. Properties
ITEM 2. PROPERTIES.
We do not own any real property. We lease offices at 275 Madison Avenue,
New York, NY. The lease has a term of seven years and three months, with an expiration date of September 6, 2022, with a current annual
rate $342 thousand. We are also responsible for certain other costs, such as insurance, taxes, utilities and maintenance. We issued a
letter of credit of $391 thousand in connection with the lease and maintained a $391 thousand certified deposit as collateral for the
letter of credit. We lease lab space and offices at Albert Einstein College of Medicine, 1300 Morris Park Avenue, Bronx, NY. The
lease has a term of twelve months, expiring August 31, 2022, with a current annual rate of $132 thousand.
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