Item 2. Properties
ITEM
2. PROPERTIES.
We do not own any real property.
We have leased offices at 100 Park Avenue, New York, NY effective June 1, 2022. The lease has a term of 5 years 2 months, with an expiration
date in 2027, and a current annual rate of $623 thousand. We are also responsible for certain other costs, such as insurance, taxes, utilities
and maintenance. We issued a letter of credit in connection with the lease and as of December 31, 2024, maintain a $324 thousand certified
deposit as collateral for the letter of credit.
We lease lab space and office space at Albert
Einstein College of Medicine, 1300 Morris Park Avenue, Bronx, NY. The lease has a term of twelve months, expiring August 31, 2025, with
a current annual rate of $140 thousand.
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.