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 $16,000 per month for this lease which expires in March 2027.
The Company’s wholly-owned
subsidiary, INmune Bio International Ltd leases manufacturing space in the United Kingdom pursuant to a 2-year collaboration agreement
in which the Company is required to pay 225,000 pounds for manufacturing space in the first year and 450,000 pounds in the second year.
The Company occupies 184 square meters for the production of CORDStrom.
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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