Item 2. Properties
Item 2. Properties.
Our headquarters are located in New York, NY, where we lease approximately 13,815 square feet of office space. The lease expires in July 2027. Starting from June 2022, we also lease approximately 5,926 square meters (approximately 63,784 square feet) of office space in Bnei-Brak, Israel, for our Israeli center, where among others, our primary research and development, human resources, and certain other finance and administrative activities are based. The lease for our research and development center expires in November 2027 with two extension options of five years each. As the leased area in Bnei-Brak is expected to be available for our use commencing March 2023, we have secured a short term lease of approximately 3,860 square meters (approximately 41,549 square feet) of office space in Ramat Gan, Israel, that expires on March 2023. We also subscribe for co-working office spaces in St. Louis, Memphis, Sydney, Singapore, London, Lisbon, and Jerusalem. We lease all of our current facilities and do not own real estate property. We believe that our current facilities are adequate to meet our current needs for the immediate future.
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