Item 2. Properties
ITEM 2. PROPERTIES
During Fiscal 2021, our facilities consisted primarily
of approximately 20,000 shared square feet in Stanton, California and an additional storage facility in Santa Clarita, California. The
Stanton facility previously was used for final assembly and testing of AuraGen ® /VIPER systems under a month-to-month rental
agreement for $10,000 per month. The monthly rent for the Santa Clarita storage facility that was terminated effective July 31, 2020 was
also under a month-to-month rental agreement for $5,000 per month. Following the exit from the Santa Clarita facility to February 28,
2021, we rented temporary storage space through February 28, 2021 for $2,500 per month. Effective February 28, 2021, we vacated the Stanton
facility and consolidated our administrative offices, operations including warehousing space within an approximately 18,000 square feet
facility in Lake Forest, California under a rental agreement that commenced on February 15, 2021 and covers a 66-month rental period effective
from February 2021 through August 31, 2026.
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