KonaTel, Inc. 10-K

ITEM 2: PROPERTIES We do not own any property. Through our wholly owned subsidiary, KonaTel Nevada, we have a lease on the following property: Our Dallas, Texas and Principal Executive Offices, consisting of approximately 3,000 square feet were located at 13601 Preston, Road, # E816, Dallas, Texas 75240, under a lease that commenced on January 1, 2019, and expired on December 31, 2020, at a monthly rent of $3,941 for 2019 and $4,062 for 2020. On December 18, 2020, we entered into a lease of an office suite in Plano, TX, which commenced on January 25, 2021. Lease payments are deferred until May 1, 2021. Commencing on May 1, 2021, lease payments will be $3,650 per month for the twelve (12)-month period ended April 30, 2022. The lease term is for five (5) years. Through our wholly owned subsidiary, IM Telecom, we have a lease on the following property: Our Tulsa, Oklahoma retail storefront and office consisting of approximately 1,100 square feet and located at 3401 East Admiral Place, Tulsa, Oklahoma 74115, is under a lease that commenced February 1, 2019, and expires on November 30, 2021, at monthly rent of $950 for 2019 and $1,000 for 2020 and 2021. Through our wholly owned subsidiary, Apeiron Systems, we have leases on the following properties: Our Culver City, California office is subleased from Chambers Design Group, consisting of approximately 1,636 feet, located at 5855 Green Valley Circle, Culver City, CA 90230, and expires May14, 2022, at a monthly rent of $4,663. Our Johnstown, Pennsylvania office, consisting of approximately 1,500 square feet and located at 112 Lindberg Ave, Johnstown, Pennsylvania 15905, is under a lease that commenced on April 15, 2019, and on a month-to-month term, at a monthly rent of $1,073. ITEM 3: LEGAL PROCEEDINGS We are not party to any material legal proceedings ITEM 4: MINE SAFETY DISCLOSURES None; not applicable. 20 PART II