Ernexa Therapeutics Inc. 10-K

ITEM 2. Properties We lease approximately 7,500 square feet of warehouse space in Hilliard, Ohio for equipment storage. The term of that lease expires in October 2021. We believe that this leased property meets our current needs. In June 2020, as part of our efforts to reduce our operating expenses and preserve capital as we continued to seek to mitigate the substantial negative impact of the pandemic on our business, we terminated the lease for our former corporate headquarters in Carlsbad, California. When we entered into the lease, we had approximately 86 full-time employees. When we terminated the lease, we had reduced our headcount to 18 employees, all of whom were working remotely. Currently, all of our employees continue to work remotely.