Item 2. Properties
Item 2. Properties
During the fourth quarter of 2021, we amended our lease agreement for the Redmond, Washington headquarters facility, extending the lease to January 31, 2026. The lease is for approximately 20,460 square feet. The lease base annual rental payments during 2022 and 2021 were approximately $331,000 and $372,000, respectively.
In addition to the Redmond facility, approximately 24,000 square feet is leased at two foreign locations, including our sales, service, operations and engineering office located in Shanghai, China, and our German sales, service and engineering office located near Munich, Germany.
In April 2021, we signed a lease extension for our facility located in Shanghai, China, effective November 1, 2021, that extends the lease through October 31, 2024. This lease is for approximately 19,400 square feet. The lease base annual rental payments during 2022 and 2021 were approximately $314,000 and $317,000, respectively.
In March of 2022, we entered into a lease extension through 2027 for our facility located near Munich, Germany. This lease is for approximately 4,895 square feet. The lease base annual rental payments during 2022 and 2021 were approximately $62,000 and $58,000, respectively.
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