Item 2. Properties
ITEM 2. PROPERTIES
The Company leases approximately 5,000 square
feet of office space in Boca Raton, Florida from a third-party, which serves as the headquarters of the Company. We currently pay approximately
$10,000 per month for this sublease which expires in January 2027.
The Company subleases approximately 1,000 square
feet of office space in La Jolla, California from a related party, which served as the former headquarters of the Company. We pay approximately
$4,000 per month for this sublease which expires in July 2024.
We believe our current facilities are suitable
and adequate to meet our current needs.
ITEM 3. LEGAL PROCEEDINGS
We currently are not a party to any material litigation
or other material legal proceedings. We may, from time to time, be subject to legal proceedings and claims arising in the normal course
of business.
ITEM 4. MINE SAFETY DISCLOSURES
Not applicable.
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PART II
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