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.
As part of the amended lease entered into in August 2020, our current lease payment is $16,684.91.
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.
Beginning in March 2021, we
began leasing 474 square feet of office space in Tempe, Arizona. This lease has a two-year term, with an option to extend for an additional
three years. Our current monthly lease payment is $1,203and will increase to $1,239 in March 2022.
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.
18
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.