Item 2. Properties
ITEM
2. PROPERTIES
We
lease approximately 35,300 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 5,800 square feet of office space in Carlsbad, California. The current lease term began January 1, 2022 and
expires on March 31, 2025 and includes an option to extend the lease term through March 2028. This office generally supports the
sales, general and administrative functions.
We
lease approximately 11,600 square feet of lab and office space in Nashville, Tennessee. The current lease term commenced in June 2022
and expires in June 2027. This office generally serves as our customer service center and analytical laboratory.
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.
40
PART
II
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