Item 2. Properties
Item
2. Properties
In
March 2020, we entered into a seven-year operating lease agreement for an office space at 300 Connell Drive, Berkeley Heights,
New Jersey 07922. The lease agreement, with a monthly average cost of approximately $17,000, commenced on September 16, 2020.
Our sublease from our previous premises terminated on November 30, 2020.
Our
subsidiary leases its offices in Fulda, Germany pursuant to a three-month lease agreement which commenced in June 2017, renewable
every three months for a base monthly payment of €400.
We
believe that our existing facilities are adequate to meet our current needs, and that suitable additional alternative spaces will
be available in the future on commercially reasonable terms.
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