Item 2. Properties
ITEM 2. PROPERTIES
The Company currently does not own any properties.
Our corporate headquarters consists of a total of 3,200 square feet and is located at 648 Broadway, Suite 200, New York, NY 10012. The
current lease term is effective September 9, 2021 through September 9, 2022, with monthly rent of $12,955 for the leasing period. During
2021, the Company also had additional office space located at 2050 Center Ave, Suite 640 and Suite 660, Fort Lee, NJ 07024. The lease
term was effective June 5, 2018 through July 5, 2023, with monthly rent of $7,693 for the first year and increases at a rate of 3% for
each subsequent year thereafter. Subsequent to December 31, 2021, the Company reached an agreement with the landlord at the New Jersey
location to terminate the lease effective February 28, 2022.
We believe that our facilities are adequate to
meet our needs for the immediate future, and that, should it be needed, suitable additional space will be available to accommodate any
such expansion of our operations.
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