Item 2. Properties
Item 2.
Properties
Our executive
offices are presently located in a 4,101 square foot facility in Los Gatos, California pursuant to a five-year lease,
expiring on January 31, 2026. This space includes 705 square feet of additional space the Company moved into in January 2021.
As part of the amended lease entered into in August 2020, we will not owe a lease payment until June 2021, at which time the
lease payment will be $16,199 per month.
We lease shared office
space in Cambridge Massachusetts from which we conduct certain research activities. The Cambridge facilities are occupied pursuant
to a month-to-month lease at a rate of $2,942 per month which has been effective since January 1, 2020.
Item 3.
Legal Proceedings
To our knowledge, as
of the date of this Annual Report, there are no pending legal proceedings to which we or our properties are subject.
Item 4.
Mine Safety Disclosures
Inapplicable.
17
PART II
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.