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 $17,185.
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. The renewal option was exercised in January 2023. Our current monthly lease payment is $1,239 and will increase to $1,277
in March 2023.
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.