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 $17,701.
Beginning in March 2021, we
began leasing 474 square feet of office space in Tempe, Arizona. The original lease had a two-year term, with an option to extend for
an additional three years. The renewal option was exercised in January 2023. Effective May 1, 2023, we leased an additional 404 square
feet at this location under an amendment to the current lease. Our current monthly lease payment is now $2,365 and will increase to $2,435
in March 2024. The lease ends in February 2026.
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.
21
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.