Item 2. Properties
Item 2. Properties
Currently, we do not own any real estate.
Our corporate offices are located at 1185 S. 1800 W, Suite 3, Woods Cross Utah 84087. We are currently on a year-to-year lease
agreement that calls for us to make payments of $2,300 per month.
We sublease offices located at 8475
S. Eastern Ave., Suite 200, Las Vegas, NV. We are currently on a year-to-year lease agreement that calls for us to make payments
of $1,525 per month.
We operate our California operations
out of leased office space located at 4360 Viewridge Avenue, Suite C, San Diego, California 92123. On May 15, 2018, we
executed a 37-month lease agreement, which commenced on July 1, 2018. The agreement calls for us to make payments of $4,057
in base rent per month through July 31, 2021 subject to an annual 3% rent escalation. Future minimum
lease payments under the operating leases for the facilities as of September 30, 2020, are as follows:
Fiscal year ending September 30, 2021
$43,170
The Company believes its existing facilities
and equipment are in good operating condition and are suitable for the conduct of its business.
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