Item 2. Properties
ITEM
2. PROPERTIES
We
lease approximately 35,326 square feet of lab, warehouse, and office space in Ledgewood, New Jersey, in three separate suites. The current
lease term expires on July 31, 2027 and includes options to extend the lease term through 2037. This space serves as an outsourcing facility
and pharmacy for ImprimisRx.
We
lease approximately 5,500 square feet of office space in Nashville, Tennessee. The current lease term expires on December 31, 2024 and
includes options to extend the lease term through 2034. This office serves as our corporate headquarters.
We
lease approximately 5,789 square feet of office space in Carlsbad, California. The current lease term began January 1, 2022 and expires
on March 31, 2025. This office generally supports the sales, general and administrative functions of ImprimisRx. Since the commencement
date of this lease occurred after December 31, 2021, right-of-use assets and operating lease liabilities associated with it are not included
in our consolidated balance sheet as of December 31, 2021.
We
expect to lease additional space in the near term to accommodate an internally run analytical lab and expanded office use.
ITEM
3. LEGAL PROCEEDINGS
See
Note 18 to our consolidated financial statements included in this Annual Report for information on various legal proceedings, which is
incorporated into this Item by reference.
ITEM
4. MINE SAFETY DISCLOSURES
Not
applicable.
36
PART
II
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