Item 2. Properties
Item 2.
Properties.
Facilities
Our principal executive office is located at 15268 NW Greenbrier Pkwy, Beaverton, Oregon 97006, where our research and development, production and sales and marketing personnel operate. We entered into a lease for such office effective November 1, 2020 and pay approximately $18,000 per month for approximately 10,500 square feet, with such lease scheduled to terminate on January 31, 2024. We designated our Beaverton, Oregon office our principal executive office in March 2022. We also rent approximately 1,500 square feet of office space in San Jose, California for approximately $1,500 per month on a month-to-month basis, and approximately 2,000 square feet of office space in Campbell, California on a month-to-month basis for approximately $2,500 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.
9
Table of Contents
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.