Item 2. Properties
Item 2.
Properties.
Facilities
Our finance office is located in San Jose,
California, where we lease approximately 1,500 square feet for approximately $1,500 per month on a month to month basis. Effective
November 1, 2020, our research and development, production, sales and marketing personnel moved to a new office space in Beaverton,
Oregon. Under such lease, which is scheduled to terminate on January 31, 2024, we lease approximately 10,500 square feet for
approximately $18,000 per month.
We lease all of our facilities and do not
own any real property. We may procure additional space as we add employees and expand geographically. 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 expansion of our operations.
Item 3.
Legal Proceedings.
At the present time, we are not involved
in any material litigation. However, from time to time we may become involved in legal proceedings or be subject to claims arising
in the ordinary course of our business.
Item 4.
Mine Safety Disclosures.
Not applicable.
8
PART II
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.