Item 2. Properties
ITEM 2.
PROPERTIES
The Company pays an annual rent of $2,200 for its
headquarters at 680 W Nye Lane, Suite 201, Carson City Nevada 89703. The rental agreement was for a one-year term commenced on October
1, 2022 and has been subsequently renewed for another year at the same rate.
On February 26, 2022, the Company’s San Diego
office relocated to Suite 206 at 5090 Shoreham Place, San Diego, CA 92122. The amended lease entered into on February 12, 2024, increased
the base rate to $9,685 per month for the larger space, with an annual increase of 4%; and a new term of 60 months.
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