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 $18,232.
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 $2,435 and will increase to $2,509 in March
2025. 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.
19
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.