Item 2. Properties
ITEM 2. PROPERTIES.
Our corporate headquarters are located in Los Gatos, California. The accounting and legal departments, as well as a portion of our marketing, sales, and customer support departments, are housed at this location.
This facility is approximately 2,000 square feet, and is under a lease that
expires on September 20, 2004 with a monthly rental expense of $4,704. Semotus Systems Corp., a Semotus subsidiary which houses our engineering and research and development group, is located in Vancouver, British Columbia, Canada, where it occupies a facility of approximately 2,437 square feet.
This lease expires on June 30, 2007, and has a monthly rental expense of $2,640.
We believe that the existing facilities will be sufficient to meet our current needs.
Should we need additional space to accommodate increased activities, we believe
we can secure additional space at comparable cost.
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